Insider Selling: Corpay (NYSE:CPAY) CEO Sells 94,374 Shares

Key Points

• CEO Ronald Clarke sold 94,374 Corpay shares at an average price of $415.77, generating approximately $39.2 million; he retained 2.47 million shares valued at about $1.03 billion. He also sold an additional 119,486 shares the following day for roughly $49.3 million.
• Corpay shares recently traded at $413.30, near their 52-week high of $425.95. The company exceeded quarterly expectations with $7.00 adjusted EPS and $1.34 billion in revenue, up 21.5% year over year.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $430.31; targets range from $415 to $480. Institutional investors own approximately 98.84% of Corpay’s outstanding shares.

Corpay, Inc (NYSE:CPAY - Get Free Report) CEO Ronald Clarke sold 94,374 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $415.77, for a total transaction of $39,237,877.98. Following the completion of the transaction, the chief executive officer owned 2,473,816 shares in the company, valued at $1,028,538,478.32. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ronald Clarke also recently made the following trade(s):

• On Tuesday, August 25th, Ronald Clarke sold 119,486 shares of Corpay stock. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40.

Corpay Stock Performance

Shares of Corpay stock traded down $0.62 on Tuesday, hitting $413.30. The stock had a trading volume of 580,908 shares, compared to its average volume of 569,083. The stock has a market cap of $27.14 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 1.14 and a beta of 0.87. 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 52-week low of $252.84 and a 52-week high of $425.95. The company's 50 day moving average price is $374.98 and its 200 day moving average price is $343.91.

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

Hedge Funds Weigh In On Corpay

A number of large investors have recently bought and sold shares of CPAY. California State Teachers Retirement System boosted its holdings in shares of Corpay by 36,046.6% in the second 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company's stock worth $448,282,000 after purchasing an additional 1,488,772 shares in the last quarter. Norges Bank purchased a new position in Corpay during the fourth quarter worth about $266,190,000. Orbis Allan Gray Ltd lifted its position in Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company's stock valued at $1,501,029,000 after purchasing an additional 859,854 shares during the period. Finally, Spruce House Investment Management LLC lifted its position in Corpay by 95.3% in the fourth quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company's stock valued at $249,772,000 after purchasing an additional 405,000 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CPAY. Royal Bank Of Canada upped their price target on shares of Corpay from $363.00 to $423.00 and gave the company a "sector perform" rating in a research report on Thursday, August 6th. UBS Group raised their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Morgan Stanley set a $455.00 price objective on shares of Corpay in a research note on Friday, August 7th. Robert W. Baird set a $475.00 target price on shares of Corpay in a report on Thursday, August 6th. Finally, Cantor Fitzgerald upped their target price on shares of Corpay from $415.00 to $480.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $430.31.

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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