Livforsakringsbolaget Skandia Omsesidigt Purchases Shares of 12,230 Corpay, Inc $CPAY

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Corpay, Inc (NYSE:CPAY) during the second quarter, Holdings Channel.com reports. The fund bought 12,230 shares of the corporate payments company’s stock, valued at approximately $4,076,000.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Corpay during the second quarter worth about $6,058,000. Bank of New York Mellon Corp acquired a new position in Corpay during the second quarter worth approximately $107,805,000. Wedge Capital Management L L P NC increased its position in Corpay by 22.1% during the second quarter. Wedge Capital Management L L P NC now owns 222,662 shares of the corporate payments company’s stock worth $74,207,000 after buying an additional 40,321 shares during the period. Fulton Bank N.A. lifted its stake in Corpay by 10.4% in the second quarter. Fulton Bank N.A. now owns 1,772 shares of the corporate payments company’s stock valued at $591,000 after buying an additional 167 shares during the last quarter. Finally, Vista Investment Partners LLC purchased a new stake in Corpay in the second quarter valued at approximately $4,391,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CPAY shares. Wolfe Research raised their target price on shares of Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a research report on Tuesday. Cantor Fitzgerald upped their price target on shares of Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Loop Capital initiated coverage on shares of Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective on the stock. Royal Bank Of Canada boosted their price target on Corpay from $363.00 to $423.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $475.00 price objective on Corpay in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $430.31.

Insider Buying and Selling

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the sale, the chief executive officer owned 2,354,330 shares of the company’s stock, valued at approximately $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven T. Stull sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $410.66, for a total value of $1,642,640.00. Following the completion of the transaction, the director owned 23,598 shares of the company’s stock, valued at approximately $9,690,754.68. This represents a 14.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 292,336 shares of company stock valued at $116,573,008. 5.19% of the stock is owned by insiders.

Corpay Stock Up 1.2%

CPAY stock opened at $408.69 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. The company’s 50-day moving average price is $380.27 and its 200 day moving average price is $345.91. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $425.95. The company has a market cap of $26.83 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.11 and a beta of 0.87.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the firm earned $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. On average, research analysts expect that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

About Corpay

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.