Andra AP fonden Purchases 3,600 Shares of Corpay, Inc $CPAY

Key Points

• Andra AP fonden increased its Corpay stake by 48.4% in the second quarter, purchasing 3,600 shares and bringing its holdings to 11,040 shares valued at approximately $3.68 million. Institutional investors collectively own 98.84% of the company.
• Analysts remain broadly bullish, with 12 Buy ratings and three Holds, producing a consensus target price of $438.93. Wolfe Research raised its target to $530, while Corpay’s latest quarterly earnings and revenue exceeded analyst expectations.
• Corpay shares opened at $394.96, near their recent trading range, while CEO Ronald Clarke and other insiders sold a combined 220,860 shares worth approximately $91.4 million over the last quarter.

Andra AP fonden raised its position in Corpay, Inc (NYSE:CPAY - Free Report) by 48.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,040 shares of the corporate payments company's stock after buying an additional 3,600 shares during the period. Andra AP fonden's holdings in Corpay were worth $3,679,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in Corpay by 141.3% during the 1st quarter. Empowered Funds LLC now owns 5,490 shares of the corporate payments company's stock worth $1,598,000 after acquiring an additional 3,215 shares during the last quarter. Moran Wealth Management LLC raised its stake in shares of Corpay by 77.9% in the first quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company's stock worth $11,020,000 after acquiring an additional 16,586 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of Corpay by 78.0% during the first quarter. Procyon Advisors LLC now owns 6,357 shares of the corporate payments company's stock worth $1,850,000 after purchasing an additional 2,786 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Corpay during the first quarter worth approximately $1,048,000. Finally, Anchor Capital Advisors LLC lifted its position in shares of Corpay by 6.9% during the fourth quarter. Anchor Capital Advisors LLC now owns 124,731 shares of the corporate payments company's stock worth $37,535,000 after purchasing an additional 8,094 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CPAY shares. Morgan Stanley set a $455.00 price objective on shares of Corpay in a research report on Friday, August 7th. Robert W. Baird set a $475.00 price objective on Corpay in a research report on Thursday, August 6th. Keefe, Bruyette & Woods lifted their target price on Corpay from $400.00 to $470.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on Corpay from $400.00 to $470.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Finally, Wolfe Research boosted their target price on Corpay from $475.00 to $530.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $438.93.

Corpay Stock Up 0.5%

Shares of NYSE:CPAY opened at $394.96 on Thursday. The company has a 50 day moving average price of $399.00 and a two-hundred day moving average price of $358.61. 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 $25.93 billion, a PE ratio of 24.04, a PEG ratio of 1.08 and a beta of 0.87. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $427.46.

Corpay (NYSE:CPAY - Get Free Report) last posted its 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 firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The company's revenue was up 21.5% on a year-over-year basis. During the same period in the previous 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. Analysts forecast that Corpay, Inc will post 25.75 earnings per share for the current year.

Insider Activity at Corpay

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following the transaction, the chief executive officer owned 2,354,330 shares of the company's stock, valued at approximately $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven T. Stull sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the completion of the transaction, the director owned 23,598 shares of the company's stock, valued at $9,690,754.68. This trade represents a 14.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 220,860 shares of company stock valued at $91,395,514 over the last quarter. 5.19% of the stock is owned by insiders.

Corpay 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.

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