Sei Investments Co. Has $15.58 Million Stock Holdings in Corpay, Inc $CPAY

Sei Investments Co. lifted its holdings in shares of Corpay, Inc (NYSE:CPAY) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,542 shares of the corporate payments company’s stock after purchasing an additional 3,053 shares during the period. Sei Investments Co.’s holdings in Corpay were worth $15,579,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. MV Capital Management Inc. bought a new position in shares of Corpay during the 4th quarter worth approximately $25,000. Leonteq Securities AG acquired a new stake in shares of Corpay during the 4th quarter worth approximately $27,000. BOKF NA increased its stake in shares of Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after acquiring an additional 94 shares in the last quarter. Torren Management LLC bought a new stake in shares of Corpay in the 4th quarter valued at $29,000. Finally, DV Equities LLC acquired a new position in shares of Corpay during the 4th quarter valued at $30,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CPAY. Loop Capital initiated coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target for the company. Morgan Stanley upped their price objective on shares of Corpay from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Tuesday. Oppenheimer reissued an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Corpay in a research note on Friday, July 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Corpay in a research report on Wednesday, June 3rd. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.69.

Corpay Stock Down 0.4%

Corpay stock opened at $391.10 on Friday. Corpay, Inc has a 1-year low of $252.84 and a 1-year high of $395.49. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The firm’s fifty day moving average price is $353.24 and its two-hundred day moving average price is $335.56. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86.

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

Insider Activity at Corpay

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following the transaction, the director directly owned 28,241 shares in the company, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction on 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 owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is owned by insiders.

About Corpay

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.