Corpay, Inc $CPAY Stock Holdings Increased by Brighton Jones LLC

Key Points

• Brighton Jones LLC increased its Corpay stake by 118% in the third quarter, ending with 5,139 shares valued at about $1.9 million. Institutional investors collectively own 98.84% of the company.
• Corpay reported quarterly EPS of $7.54, beating the $7.20 consensus, while revenue of $1.38 billion exceeded estimates and rose 17.9% year over year.
• Analysts have a “Moderate Buy” consensus and an average price target of $474.38; meanwhile, company insiders sold about $91.4 million in shares over the past three months.

Brighton Jones LLC increased its holdings in shares of Corpay, Inc (NYSE:CPAY - Free Report) by 118.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,139 shares of the corporate payments company's stock after buying an additional 2,782 shares during the quarter. Brighton Jones LLC's holdings in Corpay were worth $1,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Burkett Financial Services LLC acquired a new stake in shares of Corpay during the third quarter worth about $30,000. Axiom Investment Management LLC acquired a new stake in Corpay during the 1st quarter worth approximately $27,000. Strive Financial Group LLC acquired a new stake in Corpay during the 2nd quarter worth approximately $35,000. Western Wealth Management LLC acquired a new stake in Corpay during the 1st quarter worth approximately $36,000. Finally, CoreCap Advisors LLC lifted its stake in Corpay by 1,246.2% in the second quarter. CoreCap Advisors LLC now owns 175 shares of the corporate payments company's stock valued at $58,000 after buying an additional 162 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Corpay Price Performance

Shares of CPAY opened at $458.02 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70. Corpay, Inc has a twelve month low of $271.22 and a twelve month high of $479.53. The stock has a market capitalization of $30.07 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.15 and a beta of 0.94. The company has a 50 day moving average of $406.03 and a 200-day moving average of $360.71.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The corporate payments company reported $7.54 EPS for the quarter, topping analysts' consensus estimates of $7.20 by $0.34. Corpay had a net margin of 23.73% and a return on equity of 45.84%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm posted $5.70 earnings per share. The firm's revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities research analysts forecast that Corpay, Inc will post 25.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CPAY. Morgan Stanley upped their price target on shares of Corpay from $455.00 to $460.00 and gave the company an "overweight" rating in a report on Wednesday, October 28th. Cantor Fitzgerald raised their price objective on shares of Corpay from $480.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday. Wall Street Zen cut shares of Corpay from a "buy" rating to a "hold" rating in a research report on Saturday, October 24th. Keefe, Bruyette & Woods upped their target price on shares of Corpay from $470.00 to $525.00 and gave the stock an "outperform" rating in a research note on Thursday, November 5th. Finally, UBS Group upped their target price on shares of Corpay from $415.00 to $465.00 and gave the stock a "neutral" rating in a research note on Thursday, November 5th. 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 has an average rating of "Moderate Buy" and an average target price of $474.38.

Insider Activity

In other news, CEO Ronald Clarke sold 119,486 shares of the firm's stock in a transaction dated 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 completion of 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven T. Stull sold 2,357 shares of the firm'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 of the company's stock, valued at $8,785,702.42. The trade was a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 220,860 shares of company stock worth $91,395,514 over the last three months. 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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