Mirae Asset Global Investments Co. Ltd. Purchases 16,627 Shares of Corpay, Inc $CPAY

Key Points

• Mirae Asset Global Investments acquired 16,627 Corpay shares in the third quarter, valued at approximately $6.46 million. Institutional investors and hedge funds collectively own 98.84% of the company.
• Corpay beat quarterly expectations, reporting adjusted EPS of $7.54 versus $7.20 expected and revenue of $1.38 billion, up 17.9% year over year. Management also raised its 2026 revenue outlook and projected 9%–11% organic revenue growth in 2027.
• Analyst sentiment is broadly positive: Corpay has a “Moderate Buy” consensus rating and a $469 average price target. In contrast, company insiders sold 220,860 shares worth about $91.4 million over the last quarter.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Corpay, Inc (NYSE:CPAY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,627 shares of the corporate payments company's stock, valued at approximately $6,461,000.

Other large investors have also made changes to their positions in the company. Aviance Capital Partners LLC raised its holdings in Corpay by 2.2% in the 3rd quarter. Aviance Capital Partners LLC now owns 15,171 shares of the corporate payments company's stock valued at $5,895,000 after acquiring an additional 321 shares in the last quarter. Profund Advisors LLC acquired a new stake in shares of Corpay during the 3rd quarter worth approximately $238,000. ProShare Advisors LLC grew its holdings in shares of Corpay by 3.0% during the 3rd quarter. ProShare Advisors LLC now owns 14,862 shares of the corporate payments company's stock worth $5,775,000 after purchasing an additional 433 shares in the last quarter. MGO One Seven LLC bought a new stake in shares of Corpay during the third quarter valued at approximately $868,000. Finally, State of Wyoming increased its position in shares of Corpay by 16.3% during the third quarter. State of Wyoming now owns 3,508 shares of the corporate payments company's stock valued at $1,363,000 after purchasing an additional 491 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Insiders Place Their Bets

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 2,354,330 shares in the company, valued at $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven Stull sold 2,357 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total value of $974,902.34. Following the transaction, the director owned 21,241 shares of the company's stock, valued at $8,785,702.42. This represents a 9.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 220,860 shares of company stock worth $91,395,514 over the last quarter. Company insiders own 5.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CPAY. Royal Bank Of Canada upped their target price on Corpay from $438.00 to $474.00 and gave the company a "sector perform" rating in a research note on Thursday. Scotiabank raised their target price on Corpay from $536.00 to $539.00 and gave the stock a "sector outperform" rating in a research report on Thursday. Robert W. Baird set a $475.00 price target on shares of Corpay in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Corpay from $470.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Morgan Stanley increased their price objective on shares of Corpay from $455.00 to $460.00 and gave the company an "overweight" rating in a research note on Wednesday, October 28th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $469.00.

Key Corpay News

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Corpay reported Q3 adjusted EPS of $7.54, above the roughly $7.20 consensus, while revenue rose 17.9% year over year to $1.38 billion and also beat estimates. The company cited strength in Corporate Payments. Corpay Q3 earnings beat estimates and revenue increased 18%
• Positive Sentiment: Management raised its 2026 outlook, forecasting revenue of $5.34 billion to $5.36 billion, above the $5.32 billion analyst estimate. Corpay also projected 9%–11% organic revenue growth in 2027 and plans to deploy about $2 billion in free cash flow. Corpay 2027 growth outlook and capital plans
• Positive Sentiment: Analysts raised price targets after the report: JPMorgan lifted its target to $500 and kept an overweight rating; Keefe, Bruyette & Woods raised its target to $525 with an outperform rating; and Scotiabank raised its target to $539 with a sector-outperform rating. JPMorgan analyst recommendations
• Neutral Sentiment: UBS raised its price target to $465 but maintained a neutral rating, signaling a more cautious view than several other analysts. UBS analyst recommendations

Corpay Stock Up 7.0%

NYSE CPAY opened at $447.76 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. The stock's 50 day moving average is $404.00 and its two-hundred day moving average is $359.49. The company has a market capitalization of $29.40 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.15 and a beta of 0.94. Corpay, Inc has a 1-year low of $259.05 and a 1-year high of $479.53.

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

Corpay 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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