Corpay, Inc $CPAY Shares Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners increased its Corpay stake by 58.9% in the third quarter, ending the period with 11,077 shares valued at about $4.1 million. Institutional investors collectively own 98.84% of the company.
• Corpay beat quarterly estimates, reporting adjusted EPS of $7.54 versus $7.20 expected and revenue of $1.38 billion, up nearly 18% year over year. The company also raised its 2026 revenue outlook and projected 9%–11% organic revenue growth in 2027.
• Analysts’ average rating is Moderate Buy, with a consensus price target of $469, though some maintain neutral views. Insiders sold about 220,860 shares worth $91.4 million over the last quarter.

CenterBook Partners LP raised its position in shares of Corpay, Inc (NYSE:CPAY - Free Report) by 58.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,077 shares of the corporate payments company's stock after buying an additional 4,104 shares during the quarter. CenterBook Partners LP's holdings in Corpay were worth $4,112,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Spruce House Investment Management LLC raised its position in shares of Corpay by 6.0% during 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 acquiring an additional 50,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Corpay by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 782,500 shares of the corporate payments company's stock valued at $227,695,000 after purchasing an additional 23,646 shares during the last quarter. Hawk Ridge Capital Management LP increased its stake in Corpay by 20.5% during the first quarter. Hawk Ridge Capital Management LP now owns 532,180 shares of the corporate payments company's stock valued at $154,859,000 after purchasing an additional 90,360 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Corpay during the second quarter valued at $107,805,000. Finally, Bank of America Corp DE raised its holdings in shares of Corpay by 0.6% during the first quarter. Bank of America Corp DE now owns 364,102 shares of the corporate payments company's stock worth $105,950,000 after purchasing an additional 2,131 shares during the period. Institutional investors own 98.84% of the company's stock.

Insider Activity

In other Corpay news, Director Steven T. Stull sold 2,357 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the transaction, the director owned 21,241 shares in the company, valued at approximately $8,785,702.42. This represents a 9.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ronald Clarke sold 119,486 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 2,354,330 shares in the company, valued at $970,925,692. The trade was a 4.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 220,860 shares of company stock worth $91,395,514. 5.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Scotiabank raised their price target on shares of Corpay from $536.00 to $539.00 and gave the stock a "sector outperform" rating in a research report on Thursday. Wolfe Research lifted their price target on shares of Corpay from $475.00 to $530.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Oppenheimer boosted their price objective on shares of Corpay from $454.00 to $461.00 and gave the company an "outperform" rating in a research report on Thursday. Royal Bank Of Canada increased their price objective on shares of Corpay from $438.00 to $474.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, Wall Street Zen lowered shares of Corpay from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $469.00.

More Corpay News

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Corpay reported Q3 adjusted EPS of $7.54, above the roughly $7.20 consensus estimate, while revenue rose 18% year over year. Strength in Corporate Payments helped lift results. Corpay Q3 Earnings Beat Estimates, Revenues Increase 18% Y/Y
• Positive Sentiment: The company raised its 2026 outlook, projecting revenue of $5.34 billion–$5.36 billion, ahead of the cited FactSet estimate of $5.32 billion. It also forecast 9%–11% organic revenue growth in 2027 and plans to deploy about $2 billion of free cash flow, supporting its growth and capital-return case. Corpay’s 2027 growth outlook and free-cash-flow plans
• Positive Sentiment: Several analysts raised price targets after the results, including JPMorgan to $500, Keefe, Bruyette & Woods to $525, and Scotiabank to $539, reflecting improved expectations for Corpay’s prospects. Keefe, Bruyette & Woods raises Corpay price target
• Neutral Sentiment: Analyst views are not uniformly bullish: UBS lifted its target to $465 but maintained a neutral rating. Some coverage also asks whether the earnings-driven rally has already priced in much of the upside. Analysts’ opinions are mixed on Corpay

Corpay Stock Performance

Shares of CPAY opened at $455.13 on Friday. Corpay, Inc has a 1 year low of $271.22 and a 1 year high of $479.53. The company has a market cap of $29.88 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.97 and a current ratio of 0.95. The firm has a fifty day moving average of $405.04 and a 200-day moving average of $360.03.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 EPS for the quarter, topping the consensus estimate of $7.20 by $0.34. Corpay had a net margin of 23.73% and a return on equity of 46.94%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm earned $5.70 earnings per share. The company's quarterly revenue was up 17.9% on a year-over-year basis. As a group, equities analysts anticipate that Corpay, Inc will post 25.81 earnings per share 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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