Corpay, Inc $CPAY Stock Holdings Lifted by Moran Wealth Management LLC

Moran Wealth Management LLC grew its stake in shares of Corpay, Inc (NYSE:CPAY) by 77.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 37,869 shares of the corporate payments company’s stock after acquiring an additional 16,586 shares during the period. Moran Wealth Management LLC owned about 0.06% of Corpay worth $11,020,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CPAY. HB Wealth Management LLC grew its holdings in shares of Corpay by 1.9% in the 4th quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock worth $524,000 after acquiring an additional 33 shares during the last quarter. KBC Group NV lifted its holdings in shares of Corpay by 0.4% during the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock valued at $2,804,000 after purchasing an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Corpay by 4.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after purchasing an additional 37 shares during the period. Harbour Investments Inc. boosted its position in shares of Corpay by 35.5% in the 4th quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock valued at $45,000 after purchasing an additional 39 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Corpay by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock worth $919,000 after purchasing an additional 39 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Corpay Stock Down 0.1%

CPAY stock opened at $352.24 on Friday. The company has a 50 day moving average of $345.80 and a two-hundred day moving average of $327.38. The company has a market cap of $23.02 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 0.96 and a beta of 0.88. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $367.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $5.63 million during the quarter. On average, equities analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research note on Wednesday, June 3rd. Oppenheimer reissued an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Weiss Ratings upgraded shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, Loop Capital started coverage on shares of Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $383.07.

Insider Activity

In other news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the sale, the insider directly owned 11,274 shares in the company, valued at $3,969,913.62. The trade was a 86.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the sale, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 88,677 shares of company stock worth $31,304,091. Insiders own 5.19% 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.