Assenagon Asset Management S.A. Sells 26,022 Shares of Corpay, Inc. $CPAY

Key Points

• Assenagon Asset Management cut its Corpay stake by 17.8% in Q4, selling 26,022 shares and leaving it with 120,043 shares worth about $36.13 million (≈0.17% of the company).
• Several analysts raised price targets (JPMorgan to $390, RBC to $363), leaving a consensus target of $377.57 and an overall rating of "Moderate Buy" (10 Buy, 5 Hold).
• Corpay beat Q4 estimates with $6.04 EPS vs. $5.93 expected and $1.25B revenue, and set FY2026 guidance of 25.50–26.50 EPS (Q1 guidance 5.38–5.52).

Assenagon Asset Management S.A. lowered its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 17.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,043 shares of the company's stock after selling 26,022 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.17% of Corpay worth $36,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Corpay by 0.7% in the third quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company's stock worth $2,357,100,000 after acquiring an additional 58,235 shares during the period. Orbis Allan Gray Ltd increased its stake in shares of Corpay by 3.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company's stock worth $1,279,362,000 after purchasing an additional 124,368 shares in the last quarter. State Street Corp raised its holdings in Corpay by 0.8% in the 3rd quarter. State Street Corp now owns 2,956,744 shares of the company's stock worth $851,720,000 after purchasing an additional 23,470 shares during the period. Boston Partners raised its holdings in Corpay by 5.8% in the 2nd quarter. Boston Partners now owns 2,289,271 shares of the company's stock worth $758,536,000 after purchasing an additional 125,331 shares during the period. Finally, Invesco Ltd. lifted its position in Corpay by 4.4% during the second quarter. Invesco Ltd. now owns 1,978,930 shares of the company's stock valued at $656,649,000 after purchasing an additional 84,198 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Corpay from $350.00 to $390.00 and gave the company an "overweight" rating in a report on Thursday, February 5th. Royal Bank Of Canada lifted their price objective on Corpay from $344.00 to $363.00 and gave the company a "sector perform" rating in a research report on Thursday, February 5th. Mizuho boosted their price objective on Corpay from $320.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. Weiss Ratings reissued a "hold (c+)" rating on shares of Corpay in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research note on Monday. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and a consensus target price of $377.57.

Insider Activity

In other news, CAO Alissa B. Vickery sold 1,701 shares of Corpay stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $358.65, for a total transaction of $610,063.65. Following the sale, the chief accounting officer owned 2,180 shares in the company, valued at $781,857. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.04% of the stock is currently owned by insiders.

Corpay Stock Performance

NYSE CPAY opened at $291.97 on Thursday. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.70. The business has a 50-day moving average price of $322.73 and a 200-day moving average price of $305.36. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $361.99.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.93 by $0.11. Corpay had a return on equity of 37.13% and a net margin of 23.62%.The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $5.36 EPS. The firm's quarterly revenue was up 20.7% on a year-over-year basis. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. As a group, equities research analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

About Corpay

Corpay NYSE: CPAY is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.

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