Sumitomo Mitsui Trust Group Inc. Lowers Holdings in Corpay, Inc. $CPAY

Key Points

• Sumitomo Mitsui Trust Group trimmed its Corpay stake by 4.2% to 148,241 shares (about $44.6M) in Q4, and institutional investors now own roughly 98.84% of the company.
• Q4 beat and strong guidance: Corpay reported $6.04 EPS versus $5.93 expected and $1.25B revenue (+20.7% YoY), and set FY2026 EPS guidance of 25.50–26.50 with Q1 guidance of 5.38–5.52.
• Analyst sentiment and valuation: The stock has a consensus rating of "Moderate Buy" with a $371.23 target after several upgrades (e.g., UBS to $380, Cantor to $415); market cap is ~$22.06B and the P/E is 21.55.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,241 shares of the company's stock after selling 6,446 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Corpay worth $44,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Corpay by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company's stock valued at $2,357,100,000 after buying an additional 58,235 shares during the period. Orbis Allan Gray Ltd grew its holdings in Corpay by 3.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company's stock valued at $1,279,362,000 after buying an additional 124,368 shares during the period. State Street Corp grew its holdings in Corpay by 0.8% in the 3rd quarter. State Street Corp now owns 2,956,744 shares of the company's stock valued at $851,720,000 after buying an additional 23,470 shares during the period. Wellington Management Group LLP grew its holdings in Corpay by 54.9% in the 3rd quarter. Wellington Management Group LLP now owns 631,496 shares of the company's stock valued at $181,909,000 after buying an additional 223,704 shares during the period. Finally, Hawk Ridge Capital Management LP purchased a new stake in Corpay in the 3rd quarter valued at about $106,381,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

Shares of NYSE:CPAY opened at $324.11 on Thursday. The firm has a market capitalization of $22.06 billion, a PE ratio of 21.55, a P/E/G ratio of 0.90 and a beta of 0.85. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average of $318.09 and a two-hundred day moving average of $304.95. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $361.99.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $6.04 EPS for the quarter, topping the consensus estimate of $5.93 by $0.11. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Corpay had a return on equity of 37.13% and a net margin of 23.62%.The firm's revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.36 earnings per share. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. As a group, research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Activity

In other news, CAO Alissa B. Vickery sold 1,701 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $358.65, for a total value of $610,063.65. Following the completion of the sale, the chief accounting officer owned 2,180 shares in the company, valued at approximately $781,857. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CPAY. UBS Group lifted their price target on Corpay from $315.00 to $380.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Weiss Ratings restated a "hold (c+)" rating on shares of Corpay in a research note on Monday, December 29th. Cantor Fitzgerald upped their price target on Corpay from $385.00 to $415.00 and gave the stock an "overweight" rating in a research note on Monday, February 9th. Scotiabank upgraded Corpay to a "sector outperform" rating in a research note on Monday, January 26th. Finally, Wall Street Zen upgraded Corpay from a "hold" rating to a "buy" rating in a research note on Monday, March 23rd. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $371.23.

Corpay Profile

Corpay NYSE: CPAY is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.

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