Corpay, Inc $CPAY Shares Purchased by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management increased its Corpay stake by 22.1% in the second quarter, purchasing 40,321 shares to own 222,662 shares worth approximately $74.2 million. Institutional investors collectively own 98.84% of the company.
• Corpay reported quarterly earnings of $7.00 per share, surpassing estimates of $6.58, while revenue rose 21.5% year over year to $1.34 billion. Shares opened at $407, near their 12-month high of $409.68.
• Analysts maintain a positive outlook, with 12 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $426.08; meanwhile, insiders sold $31.3 million of stock over the past 90 days.

Wedge Capital Management L L P NC boosted its stake in shares of Corpay, Inc (NYSE:CPAY - Free Report) by 22.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,662 shares of the corporate payments company's stock after purchasing an additional 40,321 shares during the quarter. Corpay makes up 1.2% of Wedge Capital Management L L P NC's investment portfolio, making the stock its 19th biggest holding. Wedge Capital Management L L P NC owned approximately 0.34% of Corpay worth $74,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. MV Capital Management Inc. acquired a new position in shares of Corpay during the fourth quarter worth about $25,000. Leonteq Securities AG purchased a new position in Corpay in the fourth quarter worth approximately $27,000. Axiom Investment Management LLC purchased a new position in Corpay in the first quarter worth approximately $27,000. BOKF NA grew its holdings in Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company's stock worth $28,000 after acquiring an additional 94 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Corpay during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Buying and Selling

In other news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 11,274 shares of the company's stock, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the firm'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 owned 28,241 shares in the company, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,677 shares of company stock worth $31,304,091 in the last 90 days. 5.19% of the stock is currently owned by company insiders.

Corpay Trading Up 1.5%

NYSE CPAY opened at $407.00 on Wednesday. The firm's fifty day moving average price is $360.85 and its 200 day moving average price is $339.30. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $409.68. 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 capitalization of $26.60 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.11 and a beta of 0.87.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, beating analysts' consensus estimates of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the company earned $5.13 earnings per share. Corpay's quarterly revenue was up 21.5% compared to the same quarter last year. 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 expect that Corpay, Inc will post 25.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Corpay from $385.00 to $415.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Morgan Stanley set a $455.00 target price on Corpay in a report on Friday. Robert W. Baird set a $475.00 price target on Corpay in a report on Thursday, August 6th. Loop Capital assumed coverage on Corpay in a report on Monday, May 18th. They set a "buy" rating and a $406.00 price target for the company. Finally, Keefe, Bruyette & Woods raised their target price on Corpay from $400.00 to $470.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. 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 MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and an average target price of $426.08.

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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