Corpay, Inc $CPAY Shares Acquired by Empowered Funds LLC

Key Points

• Empowered Funds increased its Corpay stake by 141.3% in the first quarter to 5,490 shares valued at $1.6 million. Institutional investors collectively own 98.84% of the company.
• Analysts maintain a favorable outlook, with 12 Buy ratings and three Holds, an overall “Moderate Buy” rating, and an average price target of $421.08. Several firms recently raised targets into the $423–$475 range.
• Corpay beat quarterly expectations with $7.00 EPS and $1.34 billion in revenue, up 21.5% year over year, while issuing full-year 2026 EPS guidance of $27.15–$27.55. Insiders sold approximately $31.3 million of stock during the latest quarter.

Empowered Funds LLC increased its position in shares of Corpay, Inc (NYSE:CPAY - Free Report) by 141.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,490 shares of the corporate payments company's stock after acquiring an additional 3,215 shares during the period. Empowered Funds LLC's holdings in Corpay were worth $1,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPAY. Hawk Ridge Capital Management LP raised its holdings in shares of Corpay by 20.5% in the 1st quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company's stock worth $154,859,000 after purchasing an additional 90,360 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Corpay by 38.6% in the 1st quarter. Quantinno Capital Management LP now owns 66,161 shares of the corporate payments company's stock valued at $19,252,000 after purchasing an additional 18,422 shares during the period. Spruce House Investment Management LLC increased its holdings in shares of Corpay by 6.0% in the 1st quarter. Spruce House Investment Management LLC now owns 880,000 shares of the corporate payments company's stock valued at $256,071,000 after purchasing an additional 50,000 shares during the period. Lazard Asset Management LLC increased its position in Corpay by 1.0% in the 1st quarter. Lazard Asset Management LLC now owns 158,670 shares of the corporate payments company's stock worth $46,171,000 after purchasing an additional 1,530 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Corpay by 28.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,278 shares of the corporate payments company's stock worth $954,000 after purchasing an additional 720 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CPAY. Raymond James Financial restated an "outperform" rating and set a $442.00 price target on shares of Corpay in a report on Thursday. Royal Bank Of Canada increased their target price on shares of Corpay from $363.00 to $423.00 and gave the stock a "sector perform" rating in a research report on Thursday. Robert W. Baird set a $475.00 target price on Corpay in a report on Thursday. Keefe, Bruyette & Woods raised their target price on Corpay from $400.00 to $470.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $475.00 price target on shares of Corpay in a research report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $421.08.

Corpay Trading Down 1.2%

CPAY opened at $393.42 on Friday. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $405.95. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.98. The company has a market cap of $25.71 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 1.08 and a beta of 0.87. The firm has a 50 day simple moving average of $358.28 and a 200 day simple moving average of $338.43.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.58 by $0.42. The company 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%.Corpay's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, sell-side analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current year.

Insider Activity

In other news, Director Steven T. Stull sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following the transaction, the director directly owned 28,241 shares of the company's stock, valued at $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Armando Lins Netto sold 70,476 shares of the 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 completion of the transaction, the insider owned 11,274 shares in the company, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 88,677 shares of company stock worth $31,304,091 in the last quarter. Company insiders own 5.19% of the company's stock.

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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