Livforsakringsbolaget Skandia Omsesidigt Takes Position in Corpay, Inc $CPAY

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Corpay, Inc (NYSE:CPAY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,230 shares of the corporate payments company's stock, valued at approximately $4,076,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Corpay during the first quarter valued at about $207,000. Woodline Partners LP boosted its position in shares of Corpay by 39.3% during the 1st quarter. Woodline Partners LP now owns 5,890 shares of the corporate payments company's stock worth $2,054,000 after purchasing an additional 1,661 shares during the period. Intech Investment Management LLC boosted its position in shares of Corpay by 30.4% during the 1st quarter. Intech Investment Management LLC now owns 3,341 shares of the corporate payments company's stock worth $1,165,000 after purchasing an additional 778 shares during the period. Marshall Wace LLP increased its holdings in Corpay by 128.6% in the 2nd quarter. Marshall Wace LLP now owns 1,600 shares of the corporate payments company's stock valued at $531,000 after purchasing an additional 900 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in Corpay by 16.0% in the 2nd quarter. Brown Advisory Inc. now owns 1,670 shares of the corporate payments company's stock valued at $554,000 after purchasing an additional 230 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the sale, the insider owned 11,274 shares of the company's stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of the business'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 transaction of $49,276,026.40. Following the transaction, the chief executive officer owned 2,354,330 shares of the company's stock, valued at $970,925,692. This trade represents a 4.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 292,336 shares of company stock valued at $116,573,008 over the last 90 days. 5.19% of the stock is owned by corporate insiders.

Corpay Trading Up 1.2%

CPAY opened at $408.69 on Friday. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $425.95. The stock has a market capitalization of $26.83 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.11 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97. The business has a fifty day moving average price of $380.27 and a 200 day moving average price of $345.91.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results 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. The company 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%.Corpay's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Sell-side analysts expect that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CPAY shares. Weiss Ratings restated a "buy (b-)" rating on shares of Corpay in a research note on Friday, July 24th. Robert W. Baird set a $475.00 price objective on Corpay in a research note on Thursday, August 6th. Oppenheimer reiterated an "outperform" rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. JPMorgan Chase & Co. raised their target price on Corpay from $400.00 to $470.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised Corpay from a "hold" rating to a "buy" rating in a research report on Saturday. Twelve investment 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, Corpay presently has a consensus rating of "Moderate Buy" and an average target price of $430.31.

Corpay Company Profile

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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