Steven Stull Sells 2,357 Shares of Corpay (NYSE:CPAY) Stock

Key Points

• Director Steven Stull sold 2,357 Corpay shares for approximately $974,902, reducing his ownership by 9.99% to 21,241 shares.
• Corpay shares rose 1.4% to $417.74, near the company’s 12-month high, after the company reported quarterly EPS and revenue above analyst expectations. Revenue increased 21.5% year over year.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $426.08; Cantor Fitzgerald raised its target to $480. Institutional investors own 98.84% of the company.

Corpay, Inc (NYSE:CPAY - Get Free Report) Director Steven Stull sold 2,357 shares of the company's stock in a transaction 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 completion of the transaction, the director owned 21,241 shares of the company's stock, valued at $8,785,702.42. The trade was a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Corpay Trading Up 1.4%

NYSE CPAY traded up $5.74 during trading hours on Friday, hitting $417.74. 334,951 shares of the company's stock were exchanged, compared to its average volume of 624,843. The business's 50 day moving average is $371.71 and its 200-day moving average is $342.63. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $425.95. The firm has a market capitalization of $27.43 billion, a P/E ratio of 25.43, 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 (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.58 by $0.42. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the previous year, the business earned $5.13 EPS. The firm's 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. As a group, analysts anticipate that Corpay, Inc will post 25.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Cantor Fitzgerald upped their price target 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. UBS Group lifted their price target on shares of Corpay from $385.00 to $415.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Oppenheimer reissued an "outperform" rating and set a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Raymond James Financial restated an "outperform" rating and set a $442.00 price objective on shares of Corpay in a report on Thursday, August 6th. Finally, Morgan Stanley set a $455.00 target price on Corpay in a report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $426.08.

Institutional Investors Weigh In On Corpay

Several large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in Corpay during the 1st quarter worth $207,000. Woodline Partners LP raised its position in Corpay by 39.3% in the first quarter. Woodline Partners LP now owns 5,890 shares of the corporate payments company's stock valued at $2,054,000 after purchasing an additional 1,661 shares during the period. Intech Investment Management LLC raised its position in Corpay by 30.4% in the first quarter. Intech Investment Management LLC now owns 3,341 shares of the corporate payments company's stock valued at $1,165,000 after purchasing an additional 778 shares during the period. Marshall Wace LLP lifted its stake in shares of Corpay by 128.6% during the second quarter. Marshall Wace LLP now owns 1,600 shares of the corporate payments company's stock worth $531,000 after purchasing an additional 900 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Corpay by 16.0% during the second quarter. Brown Advisory Inc. now owns 1,670 shares of the corporate payments company's stock worth $554,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds 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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