Corpay, Inc. $CPAY Shares Sold by Victory Capital Management Inc.

Key Points

• Victory Capital Management sold 24,105 Corpay shares in Q3, trimming its stake by 18% to 109,600 shares (about 0.16% of the company) valued at roughly $31.57 million.
• Analysts have raised price targets recently—Cantor Fitzgerald to $415 and UBS to $380—leaving an average target of $377.57 with 10 Buys and 5 Holds (consensus: "Moderate Buy").
• Corpay beat Q results, reporting $6.04 EPS vs. $5.93 expected and $1.25B revenue (up 20.7% year-over-year), and set FY2026 guidance of $25.50–26.50 EPS and Q1 guidance of $5.38–5.52.

Victory Capital Management Inc. lowered its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,600 shares of the company's stock after selling 24,105 shares during the quarter. Victory Capital Management Inc. owned approximately 0.16% of Corpay worth $31,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Corpay by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 846 shares of the company's stock valued at $281,000 after buying an additional 39 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Corpay by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the company's stock worth $919,000 after acquiring an additional 39 shares during the period. Renaissance Group LLC lifted its holdings in Corpay by 3.2% during the second quarter. Renaissance Group LLC now owns 1,809 shares of the company's stock valued at $600,000 after purchasing an additional 56 shares in the last quarter. US Bancorp DE lifted its holdings in Corpay by 1.9% during the third quarter. US Bancorp DE now owns 3,096 shares of the company's stock valued at $892,000 after purchasing an additional 58 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Corpay by 37.4% in the second quarter. Allworth Financial LP now owns 239 shares of the company's stock valued at $79,000 after purchasing an additional 65 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CPAY shares. Mizuho upped their price target on shares of Corpay from $320.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. Royal Bank Of Canada boosted their price objective on Corpay from $344.00 to $363.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 5th. UBS Group increased their target price on Corpay from $315.00 to $380.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Raymond James Financial restated an "outperform" rating and issued a $361.00 target price on shares of Corpay in a research report on Thursday. Finally, Cantor Fitzgerald boosted their price target on Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $377.57.

Corpay Stock Down 3.0%

CPAY stock opened at $314.57 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.70. The firm has a 50-day moving average of $325.63 and a two-hundred day moving average of $306.81. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $361.99. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.91 and a beta of 0.80.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share for the quarter, topping 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 business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the firm posted $5.36 EPS. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. 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, analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In related news, Director Steven T. Stull bought 8,000 shares of the business's stock in a transaction on Friday, December 12th. The stock was acquired at an average cost of $314.98 per share, with a total value of $2,519,840.00. Following the purchase, the director directly owned 29,241 shares of the company's stock, valued at $9,210,330.18. The trade was a 37.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Alissa B. Vickery sold 1,701 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $358.65, for a total transaction of $610,063.65. Following the transaction, the chief accounting officer directly owned 2,180 shares in the company, valued at approximately $781,857. The trade was a 43.83% decrease in their position. The SEC filing for this sale provides additional information. 5.04% of the stock is owned by corporate insiders.

Corpay Company Profile

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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