Public Employees Retirement System of Ohio Acquires Shares of 18,178 Corpay, Inc $CPAY

Key Points

• Public Employees Retirement System of Ohio acquired 18,178 Corpay shares worth approximately $6.06 million in the second quarter. Institutional investors collectively own 98.84% of the company.
• Analysts remain broadly positive, with 12 Buy ratings and three Holds; Corpay’s average price target rose to $438.93, while several firms recently raised their targets to as high as $530.
• Corpay exceeded quarterly expectations, reporting $7.00 in EPS and $1.34 billion in revenue, up 21.5% year over year. Shares opened at $417.04, near their 12-month high of $425.95, although insiders have sold more than 291,000 shares worth $116.2 million over the past 90 days.

Public Employees Retirement System of Ohio acquired a new position in Corpay, Inc (NYSE:CPAY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,178 shares of the corporate payments company's stock, valued at approximately $6,058,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. purchased a new position in shares of Corpay during the fourth quarter valued at about $25,000. Leonteq Securities AG bought a new position in Corpay in the fourth quarter worth about $27,000. Axiom Investment Management LLC purchased a new stake in Corpay in the first quarter worth about $27,000. BOKF NA boosted its position in Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company's stock valued at $28,000 after acquiring an additional 94 shares in the last quarter. Finally, DV Equities LLC bought a new stake in Corpay during the 4th quarter valued at approximately $30,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPAY has been the topic of a number of research analyst reports. Cantor Fitzgerald upped their target price on Corpay from $415.00 to $480.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Wolfe Research raised their target price on Corpay from $475.00 to $530.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. lifted their price target on Corpay from $400.00 to $470.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods upped their price target on Corpay from $400.00 to $470.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada increased their price objective on Corpay from $423.00 to $438.00 and gave the stock a "sector perform" rating in a report on Monday. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $438.93.

Corpay Stock Up 3.0%

Shares of NYSE:CPAY opened at $417.04 on Thursday. The stock has a fifty day simple moving average of $383.68 and a two-hundred day simple moving average of $347.80. The stock has a market capitalization of $27.38 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.11 and a beta of 0.87. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $425.95. 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 (NYSE:CPAY - Get Free Report) last released its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the firm posted $5.13 earnings per share. The company's quarterly revenue 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. On average, research analysts anticipate that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

Insider Activity at Corpay

In other news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider owned 11,274 shares in the company, valued at $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 available through the SEC website. 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 completion of the transaction, the chief executive officer owned 2,354,330 shares of the company's stock, valued at approximately $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 291,336 shares of company stock valued at $116,212,228. 5.19% of the stock is owned by 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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