Corpay, Inc. $CPAY Shares Bought by Heron Bay Capital Management

Heron Bay Capital Management lifted its stake in shares of Corpay, Inc. (NYSE:CPAY) by 24.1% during the second quarter, Holdings Channel.com reports. The firm owned 19,884 shares of the company’s stock after acquiring an additional 3,857 shares during the period. Corpay accounts for about 1.3% of Heron Bay Capital Management’s portfolio, making the stock its 25th biggest position. Heron Bay Capital Management’s holdings in Corpay were worth $6,598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Select Equity Group L.P. increased its stake in Corpay by 1,302.3% during the 1st quarter. Select Equity Group L.P. now owns 1,218,898 shares of the company’s stock valued at $425,054,000 after buying an additional 1,131,975 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Corpay by 11.1% in the first quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock valued at $1,648,970,000 after acquiring an additional 472,147 shares in the last quarter. Nuveen LLC acquired a new position in shares of Corpay during the first quarter valued at approximately $104,428,000. Wellington Management Group LLP raised its holdings in Corpay by 30.7% during the first quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock worth $444,639,000 after purchasing an additional 299,452 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Corpay by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock worth $2,695,851,000 after purchasing an additional 251,651 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Corpay in a research note on Wednesday. Wall Street Zen cut shares of Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Morgan Stanley reduced their price objective on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Williams Trading set a $300.00 price objective on shares of Corpay in a research note on Monday, November 3rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $379.71.

Corpay Stock Up 4.2%

Corpay stock opened at $288.82 on Friday. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $400.81. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $20.21 billion, a PE ratio of 19.62, a P/E/G ratio of 1.02 and a beta of 0.95. The firm’s 50 day moving average price is $285.01 and its two-hundred day moving average price is $312.66.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. Corpay’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.00 earnings per share. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. On average, research analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Corpay Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.