Strs Ohio Buys 36,612 Shares of Corpay, Inc. $CPAY

Strs Ohio lifted its position in shares of Corpay, Inc. (NYSE:CPAY) by 48.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,625 shares of the company’s stock after acquiring an additional 36,612 shares during the quarter. Strs Ohio owned approximately 0.16% of Corpay worth $32,443,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in Corpay during the second quarter valued at approximately $266,246,000. Vanguard Group Inc. boosted its holdings in shares of Corpay by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock valued at $2,695,851,000 after buying an additional 251,651 shares during the last quarter. Boston Partners increased its position in Corpay by 5.8% during the second quarter. Boston Partners now owns 2,289,271 shares of the company’s stock worth $758,536,000 after buying an additional 125,331 shares during the last quarter. Orbis Allan Gray Ltd lifted its stake in shares of Corpay by 3.3% during the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock worth $1,279,362,000 after buying an additional 124,368 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Corpay by 4.4% in the 2nd quarter. Invesco Ltd. now owns 1,978,930 shares of the company’s stock valued at $656,649,000 after purchasing an additional 84,198 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Performance

Shares of CPAY stock opened at $320.81 on Friday. The firm’s 50 day moving average is $307.24 and its 200 day moving average is $305.62. The stock has a market capitalization of $22.44 billion, a P/E ratio of 21.78, a PEG ratio of 1.00 and a beta of 0.84. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $400.81. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.41.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Corpay had a net margin of 24.37% and a return on equity of 37.83%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.00 EPS. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. On average, sell-side analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CPAY. Williams Trading set a $300.00 target price on Corpay in a report on Monday, November 3rd. Royal Bank Of Canada increased their price objective on shares of Corpay from $336.00 to $344.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. UBS Group dropped their price target on Corpay from $340.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.25.

Insider Buying and Selling at Corpay

In related news, Director Steven T. Stull acquired 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average cost of $314.98 per share, for a total transaction of $2,519,840.00. Following the purchase, the director owned 29,241 shares in the company, valued at $9,210,330.18. This trade represents a 37.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.04% of the company’s stock.

Corpay Company 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.