National Pension Service Increases Position in Corpay, Inc $CPAY

Key Points

• National Pension Service increased its Corpay position by 49.8% in the second quarter, bringing its holdings to 8,711 shares valued at approximately $2.9 million. Institutional investors collectively own 98.84% of Corpay’s stock.
• Corpay reported better-than-expected quarterly results, with EPS of $7.00 versus the $6.58 consensus and revenue of $1.34 billion, up 21.5% year over year. The company issued third-quarter EPS guidance of $7.05–$7.25 and full-year guidance of $27.15–$27.55.
• Analysts maintain a generally positive view, with 12 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $438.93. Shares opened at $408.74, while company insiders sold about $91.4 million of stock over the past three months.

National Pension Service lifted its position in shares of Corpay, Inc (NYSE:CPAY - Free Report) by 49.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,711 shares of the corporate payments company's stock after buying an additional 2,894 shares during the quarter. National Pension Service's holdings in Corpay were worth $2,903,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CPAY. California State Teachers Retirement System increased its holdings in Corpay by 36,046.6% in the 2nd quarter. California State Teachers Retirement System now owns 30,244,919 shares of the corporate payments company's stock valued at $10,079,724,000 after acquiring an additional 30,161,246 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in shares of Corpay by 20.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company's stock worth $1,501,029,000 after acquiring an additional 859,854 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Corpay by 6.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company's stock valued at $1,424,882,000 after acquiring an additional 307,355 shares during the last quarter. State Street Corp grew its holdings in shares of Corpay by 0.8% in the third quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company's stock valued at $851,720,000 after purchasing an additional 23,470 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Corpay by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company's stock worth $571,346,000 after purchasing an additional 19,281 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

Shares of NYSE:CPAY opened at $408.74 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $427.46. The company has a market capitalization of $26.84 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.12 and a beta of 0.87. The firm's 50-day moving average is $391.97 and its 200 day moving average is $352.82.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $0.42. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm 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. Research analysts predict that Corpay, Inc will post 25.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research report on Sunday, September 6th. Morgan Stanley set a $455.00 target price on shares of Corpay in a report on Friday, August 7th. Royal Bank Of Canada upped their target price on shares of Corpay from $423.00 to $438.00 and gave the company a "sector perform" rating in a research report on Monday, August 31st. Wolfe Research increased their price target on shares of Corpay from $475.00 to $530.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Finally, UBS Group lifted their price target on Corpay from $385.00 to $415.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $438.93.

Insider Buying and Selling

In other Corpay news, Director Steven T. Stull sold 2,357 shares of the company's 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $49,276,026.40. Following the completion of the sale, the chief executive officer owned 2,354,330 shares in the company, valued at approximately $970,925,692. The trade was a 4.83% 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 valued at $91,395,514 over the last three months. 5.19% of the stock is owned by corporate insiders.

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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