44,000 Shares of Corpay, Inc $CPAY Bought by Hiddenite Capital Partners LP

Key Points

• Hiddenite Capital Partners initiated a 44,000-share Corpay position worth approximately $17.1 million, representing about 3% of its portfolio and 0.07% of Corpay’s outstanding shares. Institutional investors collectively own 98.84% of the company.
• Corpay reported stronger-than-expected quarterly results, with EPS of $7.00 versus the $6.58 consensus and revenue of $1.34 billion, up 21.5% year over year. The company issued fiscal 2026 EPS guidance of $27.15 to $27.55.
• Analysts remain broadly positive, with 11 Buy ratings and three Holds producing a “Moderate Buy” consensus and a $450 average price target. Meanwhile, Corpay insiders sold 220,860 shares worth approximately $91.4 million over the past 90 days.

Hiddenite Capital Partners LP purchased a new stake in Corpay, Inc (NYSE:CPAY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,000 shares of the corporate payments company's stock, valued at approximately $17,098,000. Corpay accounts for about 3.0% of Hiddenite Capital Partners LP's investment portfolio, making the stock its 6th largest holding. Hiddenite Capital Partners LP owned approximately 0.07% of Corpay at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC bought a new position in Corpay in the 3rd quarter worth approximately $30,000. Axiom Investment Management LLC purchased a new position in Corpay in the 1st quarter valued at approximately $27,000. Strive Financial Group LLC bought a new stake in Corpay during the 2nd quarter valued at $35,000. Western Wealth Management LLC bought a new stake in Corpay during the 1st quarter valued at $36,000. Finally, CoreCap Advisors LLC lifted its position in shares of Corpay by 1,246.2% during the second quarter. CoreCap Advisors LLC now owns 175 shares of the corporate payments company's stock worth $58,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Activity at Corpay

In other Corpay news, Director Steven Stull sold 2,357 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the transaction, the director directly owned 21,241 shares in the company, valued at $8,785,702.42. This trade represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the transaction, the chief executive officer directly owned 2,354,330 shares in the company, valued at $970,925,692. This trade represents a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 220,860 shares of company stock valued at $91,395,514. 5.19% of the stock is owned by insiders.

Corpay Stock Up 2.0%

Shares of NYSE:CPAY opened at $409.08 on Tuesday. Corpay, Inc has a 52-week low of $256.17 and a 52-week high of $427.46. The firm has a fifty day moving average of $403.25 and a 200 day moving average of $358.45. The firm has a market capitalization of $26.86 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.89. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, beating analysts' consensus estimates of $6.58 by $0.42. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business posted $5.13 earnings per share. The company's revenue for the quarter was up 21.5% on a year-over-year basis. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, research analysts anticipate that Corpay, Inc will post 25.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CPAY shares. Wolfe Research raised their price target on Corpay from $475.00 to $530.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Royal Bank Of Canada boosted their price objective on Corpay from $423.00 to $438.00 and gave the company a "sector perform" rating in a research note on Monday, August 31st. UBS Group raised their target price on Corpay from $385.00 to $415.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $442.00 price objective on shares of Corpay in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Corpay from $400.00 to $470.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $450.00.

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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