Corpay (NYSE:CPAY) Share Price Breaks Above Fifty Day Moving Average - Here's What Happened

Key Points

• Corpay shares rose above their 50-day moving average, reaching $412.08 before closing at $409.08, compared with a 50-day average of $403.25.
• Analyst sentiment remains positive overall, with 11 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $450 price target, although one analyst downgraded the stock to Hold.
• Corpay exceeded quarterly expectations, reporting $7.00 in EPS and $1.34 billion in revenue, while revenue grew 21.5% year over year. However, insiders sold approximately $91.4 million of stock over the past 90 days.

Shares of Corpay, Inc (NYSE:CPAY - Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $403.25 and traded as high as $412.08. Corpay shares last traded at $409.08, with a volume of 364,773 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wolfe Research lifted their price objective on Corpay from $475.00 to $530.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. Wall Street Zen downgraded Corpay from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Robert W. Baird set a $475.00 target price on Corpay in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their price target on Corpay from $423.00 to $438.00 and gave the stock a "sector perform" rating in a report on Monday, August 31st. Finally, Cantor Fitzgerald raised their price objective on shares of Corpay from $415.00 to $480.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and a consensus price target of $450.00.

Corpay Stock Performance

The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $26.86 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 1.09 and a beta of 0.89. The firm has a 50 day simple moving average of $403.25 and a 200-day simple moving average of $358.45.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data 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. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business posted $5.13 EPS. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, analysts predict that Corpay, Inc will post 25.81 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven Stull sold 2,357 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total value of $974,902.34. Following the sale, the director owned 21,241 shares of the company's stock, valued at $8,785,702.42. This trade represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of the firm'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 sale, the chief executive officer owned 2,354,330 shares in the company, valued at $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 220,860 shares of company stock worth $91,395,514. 5.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Corpay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CenterBook Partners LP increased its position in shares of Corpay by 58.9% in the third quarter. CenterBook Partners LP now owns 11,077 shares of the corporate payments company's stock worth $4,112,000 after acquiring an additional 4,104 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its stake in shares of Corpay by 6.1% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 3,351 shares of the corporate payments company's stock valued at $1,302,000 after acquiring an additional 193 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Corpay during the 3rd quarter valued at $1,156,000. Inscription Capital LLC lifted its holdings in shares of Corpay by 392.7% during the 3rd quarter. Inscription Capital LLC now owns 4,612 shares of the corporate payments company's stock valued at $1,656,000 after acquiring an additional 3,676 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Corpay by 644.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,460 shares of the corporate payments company's stock worth $2,332,000 after purchasing an additional 5,592 shares during the period. Hedge funds and other institutional investors own 98.84% 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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