Wellington Management Group LLP Cuts Stake in Corpay, Inc $CPAY

Key Points

• Wellington Management reduced its Corpay stake by 10.1% in the second quarter, selling 103,498 shares and retaining 920,505 shares valued at approximately $306.8 million.
• Corpay reported strong quarterly results, with EPS of $7.00 and revenue of $1.34 billion, exceeding analyst estimates; revenue increased 21.5% year over year. The company guided for third-quarter 2026 EPS of $7.05–$7.25 and full-year EPS of $27.15–$27.55.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $430.31, while recent targets from Keefe, Bruyette & Woods and Robert W. Baird reached $470 and $475, respectively.

Wellington Management Group LLP trimmed its stake in Corpay, Inc (NYSE:CPAY - Free Report) by 10.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 920,505 shares of the corporate payments company's stock after selling 103,498 shares during the quarter. Wellington Management Group LLP owned about 1.40% of Corpay worth $306,777,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Corpay by 4.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company's stock valued at $254,000 after purchasing an additional 37 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Corpay by 35.5% during the 4th quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company's stock worth $45,000 after buying an additional 39 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Corpay by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company's stock worth $919,000 after buying an additional 39 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Corpay by 1.0% in the first quarter. Sequoia Financial Advisors LLC now owns 4,043 shares of the corporate payments company's stock valued at $1,176,000 after acquiring an additional 41 shares during the last quarter. Finally, Hilltop Holdings Inc. grew its position in Corpay by 4.0% during the third quarter. Hilltop Holdings Inc. now owns 1,151 shares of the corporate payments company's stock valued at $332,000 after acquiring an additional 44 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Price Performance

CPAY stock opened at $408.69 on Monday. The firm has a market cap of $26.83 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $425.95. The stock has a 50-day simple moving average of $380.27 and a 200-day simple moving average of $346.11.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.58 by $0.42. The firm 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% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, equities analysts predict that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CPAY has been the topic of several research analyst reports. Loop Capital assumed coverage on Corpay in a research note on Monday, May 18th. They issued a "buy" rating and a $406.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Corpay in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research note on Saturday. Keefe, Bruyette & Woods increased their price objective on shares of Corpay from $400.00 to $470.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $475.00 target price on shares of Corpay in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $430.31.

Insider Activity

In other news, insider Armando Lins Netto sold 70,476 shares of the business's stock in a transaction 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 transaction, the insider directly owned 11,274 shares of the company's stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were 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 $970,925,692. This trade represents a 4.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 292,336 shares of company stock worth $116,573,008 over the last 90 days. Company insiders own 5.19% of the company's stock.

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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