Corpay, Inc $CPAY Stock Acquired by Valley National Advisers Inc.

Key Points

• Valley National Advisers increased its Corpay stake by 40,105.9% in the third quarter, acquiring 6,818 additional shares and bringing its holdings to 6,835 shares worth approximately $2.43 million. Institutional investors collectively own 98.84% of Corpay.
• Analysts remain broadly optimistic, with 12 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and a $438.93 price target. Several firms recently raised their targets, including Wolfe Research to $530 and Scotiabank to $536.
• Corpay reported stronger-than-expected quarterly results, with $7.00 adjusted EPS and $1.34 billion in revenue, up 21.5% year over year. However, insiders sold roughly $91.4 million of stock over the past 90 days, while shares recently traded at $408.95, down 1.5%.

Valley National Advisers Inc. boosted its position in Corpay, Inc (NYSE:CPAY - Free Report) by 40,105.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,835 shares of the corporate payments company's stock after acquiring an additional 6,818 shares during the period. Valley National Advisers Inc.'s holdings in Corpay were worth $2,428,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPAY. Spruce House Investment Management LLC raised its stake in shares of Corpay by 6.0% during the first 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Corpay by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 782,500 shares of the corporate payments company's stock worth $227,695,000 after purchasing an additional 23,646 shares during the period. Hawk Ridge Capital Management LP grew its stake in shares of Corpay by 20.5% in the first 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 during the last quarter. Bank of America Corp DE grew its stake in shares of Corpay by 0.6% in 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 last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Corpay in the second quarter worth about $107,805,000. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Corpay from $400.00 to $470.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Cantor Fitzgerald increased their price objective on Corpay from $415.00 to $480.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Wolfe Research increased their price objective on Corpay from $475.00 to $530.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Scotiabank initiated coverage on Corpay in a research report on Wednesday, September 2nd. They issued an "outperform" rating and a $536.00 price objective on the stock. Finally, Wall Street Zen cut Corpay from a "buy" rating to a "hold" rating in a research note on Saturday. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $438.93.

Insider Activity at Corpay

In other Corpay news, Director Steven Stull sold 2,357 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total transaction of $974,902.34. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ronald Clarke sold 119,486 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the transaction, the chief executive officer owned 2,354,330 shares in the company, valued at $970,925,692. This trade represents a 4.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 220,860 shares of company stock worth $91,395,514. Insiders own 5.19% of the company's stock.

Corpay Stock Down 1.5%

Shares of NYSE CPAY opened at $408.95 on Friday. 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 12 month low of $252.84 and a 12 month high of $427.46. The firm has a market capitalization of $26.85 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.89. The firm has a fifty day simple moving average of $404.60 and a two-hundred day simple moving average of $372.37.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, topping the consensus estimate 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 last year, the company posted $5.13 EPS. The company'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. Equities analysts expect that Corpay, Inc will post 25.79 earnings per share for the current year.

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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