Corient Private Wealth LP Lowers Holdings in Corpay, Inc $CPAY

Key Points

• Corient Private Wealth cut its Corpay holdings by 59.4% in the second quarter, selling 32,922 shares and retaining 22,532 shares worth approximately $7.5 million. Institutional investors overall own 98.84% of Corpay.
• Analysts remain generally positive, with a “Moderate Buy” consensus from 15 analysts and an average price target of $438.93; recent targets range as high as $536.
• Corpay reported stronger-than-expected quarterly results, with adjusted EPS of $7.00 and revenue of $1.34 billion, up 21.5% year over year. However, insiders have sold roughly $91.4 million of stock over the past 90 days.

Corient Private Wealth LP decreased its holdings in Corpay, Inc (NYSE:CPAY - Free Report) by 59.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,532 shares of the corporate payments company's stock after selling 32,922 shares during the period. Corient Private Wealth LP's holdings in Corpay were worth $7,509,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CPAY. JPMorgan Chase & Co. lifted its holdings in shares of Corpay by 6.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company's stock worth $1,424,882,000 after buying an additional 307,355 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Corpay by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company's stock worth $571,346,000 after purchasing an additional 19,281 shares during the last quarter. Norges Bank bought a new stake in shares of Corpay in the fourth quarter worth about $266,190,000. Spruce House Investment Management LLC lifted its position in shares of Corpay by 6.0% in the first quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company's stock worth $256,071,000 after buying an additional 50,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Corpay by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 782,500 shares of the corporate payments company's stock worth $227,695,000 after acquiring an additional 23,646 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

CPAY has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on Corpay from $423.00 to $438.00 and gave the company a "sector perform" rating in a research report on Monday, August 31st. Morgan Stanley set a $455.00 price target on shares of Corpay in a research report on Friday, August 7th. UBS Group upped their price target on shares of Corpay from $385.00 to $415.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Scotiabank began coverage on shares of Corpay in a research report on Wednesday, September 2nd. They set an "outperform" rating and a $536.00 price objective for the company. Finally, Wolfe Research lifted their price objective on shares of Corpay from $475.00 to $530.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Twelve equities 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.com, Corpay has an average rating of "Moderate Buy" and an average price target of $438.93.

Insiders Place Their Bets

In other news, Director Steven T. Stull sold 4,000 shares of Corpay stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the completion of the sale, the director directly owned 23,598 shares in the company, valued at approximately $9,690,754.68. This trade represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ronald Clarke sold 119,486 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the sale, the chief executive officer directly owned 2,354,330 shares of the company's stock, valued at $970,925,692. This represents a 4.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 220,860 shares of company stock valued at $91,395,514. 5.19% of the stock is owned by company insiders.

Corpay Trading Up 0.6%

Shares of CPAY opened at $404.49 on Friday. The company's fifty day simple moving average is $396.09 and its 200-day simple moving average is $355.25. The company has a market cap of $26.56 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.11 and a beta of 0.87. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $427.46.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.58 by $0.42. The company 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 firm's revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.13 EPS. 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, analysts expect that Corpay, Inc will post 25.75 EPS for the current year.

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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