Hosking Partners LLP Purchases New Position in Corpay, Inc $CPAY

Hosking Partners LLP purchased a new position in shares of Corpay, Inc (NYSE:CPAY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 22,074 shares of the corporate payments company’s stock, valued at approximately $8,578,000.

Several other institutional investors also recently added to or reduced their stakes in CPAY. VELA Investment Management LLC increased its holdings in shares of Corpay by 0.4% in the 2nd quarter. VELA Investment Management LLC now owns 5,782 shares of the corporate payments company’s stock valued at $1,927,000 after acquiring an additional 25 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Corpay by 1.0% during the first quarter. Sequoia Financial Advisors LLC now owns 4,043 shares of the corporate payments company’s stock worth $1,176,000 after buying an additional 41 shares during the last quarter. Greenleaf Trust increased its position in Corpay by 3.2% in the 2nd quarter. Greenleaf Trust now owns 1,356 shares of the corporate payments company’s stock valued at $452,000 after acquiring an additional 42 shares during the period. Assetmark Inc. increased its position in Corpay by 7.7% in the 1st quarter. Assetmark Inc. now owns 647 shares of the corporate payments company’s stock valued at $188,000 after acquiring an additional 46 shares during the period. Finally, Meeder Advisory Services Inc. raised its stake in Corpay by 3.3% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,597 shares of the corporate payments company’s stock valued at $465,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CPAY. Weiss Ratings raised Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods boosted their target price on Corpay from $400.00 to $470.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Cantor Fitzgerald boosted their target price on Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 10th. JPMorgan Chase & Co. upped their price target on Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley set a $455.00 price target on Corpay in a report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $438.93.

Corpay Trading Down 0.3%

Shares of Corpay stock opened at $407.14 on Thursday. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.89. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $427.46. The company’s 50-day simple moving average is $404.98 and its 200-day simple moving average is $370.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $5.13 earnings per share. The firm’s revenue was up 21.5% compared to the same quarter last year. 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, equities research analysts anticipate that Corpay, Inc will post 25.79 earnings per share for the current year.

Insider Activity at Corpay

In other news, Director Steven Stull sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the completion of the transaction, the director directly owned 23,598 shares of the company’s stock, valued at approximately $9,690,754.68. This represents a 14.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the sale, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 220,860 shares of company stock worth $91,395,514 in the last quarter. 5.19% of the stock is currently owned by insiders.

Corpay 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.