Corpay, Inc $CPAY Stock Sold by Vantage Investment Partners LLC

Key Points

• Vantage Investment Partners cut its Corpay stake by 25.5% in the third quarter, selling 39,297 shares and retaining 115,004 shares valued at approximately $44.7 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 an average price target of $439.29.
• Corpay reported quarterly earnings of $7.00 per share and $1.34 billion in revenue, beating estimates, while revenue increased 21.5% year over year. However, company insiders sold roughly $91.4 million of stock during the quarter.

Vantage Investment Partners LLC lessened its position in shares of Corpay, Inc (NYSE:CPAY - Free Report) by 25.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,004 shares of the corporate payments company's stock after selling 39,297 shares during the period. Corpay makes up 2.7% of Vantage Investment Partners LLC's portfolio, making the stock its 14th biggest position. Vantage Investment Partners LLC's holdings in Corpay were worth $44,691,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CPAY. Bank of New York Mellon Corp acquired a new stake in shares of Corpay in the second quarter valued at about $107,805,000. Hawk Ridge Capital Management LP grew its position in 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 valued at $154,859,000 after acquiring an additional 90,360 shares in the last quarter. Spruce House Investment Management LLC grew its position in Corpay by 6.0% in 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 in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Corpay by 5,288.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 42,514 shares of the corporate payments company's stock valued at $15,122,000 after acquiring an additional 41,725 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Corpay by 22.1% in the second quarter. Wedge Capital Management L L P NC now owns 222,662 shares of the corporate payments company's stock valued at $74,207,000 after acquiring an additional 40,321 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CPAY shares. Weiss Ratings raised shares of Corpay from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Wolfe Research upped their target price on shares of Corpay from $475.00 to $530.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. Royal Bank Of Canada raised their price target on shares of Corpay from $423.00 to $438.00 and gave the company a "sector perform" rating in a report on Monday, August 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $442.00 price target on shares of Corpay in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald boosted their price objective on shares of Corpay from $415.00 to $480.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $439.29.

Corpay Price Performance

CPAY stock opened at $395.80 on Thursday. The stock's 50 day moving average is $403.83 and its two-hundred day moving average is $357.04. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $427.46. The company has a market capitalization of $25.99 billion, a PE ratio of 24.09, a P/E/G ratio of 1.12 and a beta of 0.89. 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 (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.58 by $0.42. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The firm's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the company earned $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Analysts predict that Corpay, Inc will post 25.79 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following the sale, the chief executive officer directly 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 document filed with the SEC, which is available through this hyperlink. Also, Director Steven Stull sold 2,357 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the transaction, the director directly owned 21,241 shares of the company's stock, valued at $8,785,702.42. The trade was a 9.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 220,860 shares of company stock worth $91,395,514. 5.19% of the stock is currently owned by insiders.

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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