323,477 Shares in Corpay, Inc $CPAY Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new position in Corpay, Inc (NYSE:CPAY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 323,477 shares of the corporate payments company's stock, valued at approximately $107,805,000. Bank of New York Mellon Corp owned about 0.49% of Corpay at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wedge Capital Management L L P NC boosted its holdings in Corpay by 22.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 222,662 shares of the corporate payments company's stock valued at $74,207,000 after acquiring an additional 40,321 shares during the period. Fulton Bank N.A. grew its holdings in shares of Corpay by 10.4% in the second quarter. Fulton Bank N.A. now owns 1,772 shares of the corporate payments company's stock worth $591,000 after purchasing an additional 167 shares during the last quarter. Vista Investment Partners LLC bought a new position in shares of Corpay in the second quarter worth about $4,391,000. Hennion & Walsh Asset Management Inc. increased its stake in Corpay by 4.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,472 shares of the corporate payments company's stock worth $824,000 after buying an additional 112 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Corpay by 303.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 36,497 shares of the corporate payments company's stock valued at $12,163,000 after buying an additional 27,451 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Trading Down 0.6%

NYSE CPAY opened at $414.50 on Tuesday. Corpay, Inc has a one year low of $252.84 and a one year high of $425.95. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $27.22 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The company's 50-day simple moving average is $374.98 and its two-hundred day simple moving average is $343.91.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.34 billion for 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 quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm earned $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Equities analysts forecast that Corpay, Inc will post 25.75 EPS for the current fiscal year.

Insider Buying and Selling at Corpay

In other news, Director Steven T. Stull sold 4,000 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was 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 directly owned 23,598 shares of the company's stock, valued at approximately $9,690,754.68. The trade was a 14.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Armando Lins Netto sold 70,476 shares of the company's stock in a transaction on 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 owned 11,274 shares of the company's stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 95,677 shares of company stock valued at $34,185,700. Corporate insiders own 5.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CPAY shares. Raymond James Financial restated an "outperform" rating and issued a $442.00 target price on shares of Corpay in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Corpay from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Wolfe Research reiterated an "outperform" rating and issued a $475.00 price target on shares of Corpay in a report on Thursday, August 6th. Loop Capital assumed coverage on Corpay in a research note on Monday, May 18th. They issued a "buy" rating and a $406.00 price objective on the stock. Finally, Cantor Fitzgerald lifted their target price on Corpay from $415.00 to $480.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Corpay presently has an average rating of "Moderate Buy" and an average target price of $426.08.

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.

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