Corpay, Inc. $CPAY Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 18.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 101,669 shares of the company’s stock after selling 23,456 shares during the period. TD Asset Management Inc’s holdings in Corpay were worth $30,595,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Corpay by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock valued at $2,357,100,000 after acquiring an additional 58,235 shares during the period. Orbis Allan Gray Ltd grew its position 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 valued at $1,279,362,000 after acquiring an additional 124,368 shares during the period. State Street Corp grew its position in shares of Corpay by 0.8% during the 3rd quarter. State Street Corp now owns 2,956,744 shares of the company’s stock valued at $851,720,000 after acquiring an additional 23,470 shares during the period. Geode Capital Management LLC grew its position in shares of Corpay by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the company’s stock valued at $571,346,000 after acquiring an additional 19,281 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Corpay by 168,603.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company’s stock valued at $448,282,000 after acquiring an additional 1,488,772 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Trading Down 2.5%

Shares of Corpay stock opened at $348.12 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm’s 50-day moving average price is $324.90 and its 200 day moving average price is $318.18. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $367.43. The firm has a market capitalization of $22.75 billion, a PE ratio of 20.83, a P/E/G ratio of 0.95 and a beta of 0.86.

Corpay (NYSE:CPAY) last released its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $4.51 EPS. The business’s revenue was up 25.4% on a year-over-year basis. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, sell-side analysts predict that Corpay, Inc. will post 25.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Corpay news, insider Armando Lins Netto sold 14,089 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $356.05, for a total value of $5,016,388.45. Following the transaction, the insider directly owned 18,528 shares of the company’s stock, valued at $6,596,894.40. This trade represents a 43.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 17,201 shares of company stock valued at $6,126,597. Company insiders own 5.19% of the company’s stock.

Analyst Upgrades and Downgrades

CPAY has been the topic of a number of analyst reports. Morgan Stanley restated an “overweight” rating and set a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Oppenheimer restated an “outperform” rating and set a $388.00 target price on shares of Corpay in a research report on Friday, May 8th. UBS Group raised their price target on shares of Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Robert W. Baird decreased their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Finally, Loop Capital began coverage on shares of Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price target on the stock. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $383.07.

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.