Corpay, Inc (NYSE:CPAY) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Corpay has a consensus analyst rating of “Moderate Buy”, with 12 of 15 brokerages rating it a buy and an average 12-month price target of about $382.54.
• Several recent research updates were broadly positive, including Wolfe Research, Oppenheimer, and Morgan Stanley reiterating bullish ratings, though Robert W. Baird trimmed its price target to $380 from $440.
• Insider selling has been notable: executives sold 88,677 shares worth about $31.3 million over the last three months, while institutional ownership remains very high at 98.84%.

Corpay, Inc (NYSE:CPAY - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fifteen research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $382.5385.

CPAY has been the subject of a number of research reports. Wolfe Research reissued an "outperform" rating and issued a $450.00 price target on shares of Corpay in a report on Wednesday, June 3rd. Weiss Ratings upgraded Corpay from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, April 27th. Oppenheimer reissued an "outperform" rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Morgan Stanley restated an "overweight" rating and set a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Finally, Robert W. Baird cut their price target on Corpay from $440.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 31st.

Insider Activity

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the sale, the insider directly owned 11,274 shares of the company's stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 over the last three months. Company insiders own 5.19% of the company's stock.

Hedge Funds Weigh In On Corpay

Several large investors have recently bought and sold shares of the business. MV Capital Management Inc. acquired a new stake in Corpay during the 4th quarter worth $25,000. Leonteq Securities AG acquired a new position in shares of Corpay in the 4th quarter valued at $27,000. Axiom Investment Management LLC acquired a new position in shares of Corpay in the 1st quarter valued at $27,000. BOKF NA boosted its position in shares of Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company's stock worth $28,000 after purchasing an additional 94 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Corpay in the 4th quarter worth $29,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Down 1.6%

Shares of NYSE:CPAY opened at $365.94 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm has a market cap of $23.92 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.02 and a beta of 0.88. Corpay has a 12 month low of $252.84 and a 12 month high of $374.09. The company's 50-day moving average price is $349.20 and its two-hundred day moving average price is $332.02.

Corpay (NYSE:CPAY - Get Free Report) last announced its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $5.63 million during the quarter. As a group, research analysts forecast that Corpay will post 25.49 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.