Elevation Point Wealth Partners LLC Buys New Holdings in Corpay, Inc $CPAY

Elevation Point Wealth Partners LLC purchased a new position in Corpay, Inc (NYSE:CPAY) in the first quarter, Holdings Channel reports. The fund purchased 2,081 shares of the corporate payments company’s stock, valued at approximately $606,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. Magnetar Financial LLC boosted its position in shares of Corpay by 546.2% in the 3rd quarter. Magnetar Financial LLC now owns 23,651 shares of the corporate payments company’s stock worth $6,813,000 after buying an additional 19,991 shares in the last quarter. Generate Investment Management Ltd grew its stake in Corpay by 60.0% in the 4th quarter. Generate Investment Management Ltd now owns 120,000 shares of the corporate payments company’s stock valued at $36,112,000 after acquiring an additional 45,000 shares during the last quarter. Pensionfund Sabic purchased a new position in Corpay during the 4th quarter valued at about $1,113,000. Inceptionr LLC acquired a new position in Corpay during the third quarter worth about $1,091,000. Finally, M&T Bank Corp raised its position in Corpay by 4,657.7% during the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after acquiring an additional 1,022,129 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the sale, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the transaction, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,677 shares of company stock worth $31,304,091 over the last quarter. 5.19% of the stock is currently owned by company insiders.

Corpay Trading Up 0.1%

Shares of CPAY opened at $357.40 on Wednesday. The stock has a fifty day moving average of $347.53 and a two-hundred day moving average of $329.19. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $23.36 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 0.98 and a beta of 0.88. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $367.43.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $5.63 million for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. As a group, analysts forecast that Corpay, Inc will post 25.49 EPS for the current year.

Analysts Set New Price Targets

CPAY has been the topic of several research reports. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Robert W. Baird lowered their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Wolfe Research reissued an “outperform” rating and set a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $383.07.

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.