Corpay, Inc $CPAY Stock Position Lowered by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder AB reduced its Corpay stake by 22.3% in the second quarter, selling 5,308 shares and retaining 18,448 shares worth approximately $6.15 million. Institutional investors collectively own 98.84% of the company.
• Analysts remain broadly positive, with 12 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $426.08. JPMorgan raised its target to $470, while UBS lifted its target to $415 but maintained a neutral rating.
• Corpay reported quarterly EPS of $7.00, beating estimates of $6.58, while revenue rose 21.5% year over year to $1.34 billion. The company issued third-quarter EPS guidance of $7.05–$7.25 and full-year guidance of $27.15–$27.55.

Handelsbanken Fonder AB decreased its position in Corpay, Inc (NYSE:CPAY - Free Report) by 22.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,448 shares of the corporate payments company's stock after selling 5,308 shares during the period. Handelsbanken Fonder AB's holdings in Corpay were worth $6,148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Corpay by 168,603.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company's stock valued at $448,282,000 after purchasing an additional 1,488,772 shares in the last quarter. M&T Bank Corp boosted its position in shares of Corpay by 4,657.7% in the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company's stock worth $314,193,000 after buying an additional 1,022,129 shares during the period. Norges Bank purchased a new position in shares of Corpay during the fourth quarter valued at $266,190,000. Orbis Allan Gray Ltd grew its holdings in shares of Corpay by 20.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company's stock valued at $1,501,029,000 after buying an additional 859,854 shares in the last quarter. Finally, Spruce House Investment Management LLC raised its position in Corpay by 95.3% during the fourth quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company's stock valued at $249,772,000 after buying an additional 405,000 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction, the insider owned 11,274 shares in the company, 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 filing with the SEC, which is accessible through this link. Also, Director Steven T. Stull sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the transaction, the director directly owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CPAY shares. UBS Group increased their price objective on Corpay from $385.00 to $415.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Morgan Stanley set a $455.00 target price on Corpay in a research note on Friday, August 7th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Corpay in a report on Friday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Corpay from $400.00 to $470.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Corpay from a "buy" rating to a "hold" rating in a report on Saturday. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $426.08.

Corpay Trading Down 1.7%

NYSE CPAY opened at $418.01 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.98 and a debt-to-equity ratio of 1.70. Corpay, Inc has a 1-year low of $252.84 and a 1-year high of $425.95. The firm's fifty day simple moving average is $365.58 and its 200-day simple moving average is $340.94. The company has a market capitalization of $27.45 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.17 and a beta of 0.87.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.58 by $0.42. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the firm earned $5.13 earnings per share. The business's revenue for the quarter was up 21.5% on a year-over-year basis. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, sell-side analysts anticipate that Corpay, Inc will post 25.75 earnings per share for the current fiscal 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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