Corpay (NYSE:CPAY) Now Covered by Scotiabank

Equities researchers at Scotiabank initiated coverage on shares of Corpay (NYSE:CPAY) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “sector outperform” rating on the corporate payments company’s stock.

A number of other analysts have also recently weighed in on CPAY. Oppenheimer restated an “outperform” rating and set a $388.00 target price on shares of Corpay in a report on Friday, May 8th. Cantor Fitzgerald upped their price target on Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Morgan Stanley set a $455.00 price objective on Corpay in a research report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $442.00 price objective on shares of Corpay in a research note on Thursday, August 6th. Finally, Wolfe Research boosted their target price on Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Twelve 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 currently has an average rating of “Moderate Buy” and a consensus target price of $431.46.

Corpay Price Performance

Shares of NYSE CPAY opened at $404.84 on Wednesday. Corpay has a twelve month low of $252.84 and a twelve month high of $425.95. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $26.58 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.11 and a beta of 0.87. The firm has a 50-day moving average of $382.38 and a two-hundred day moving average of $347.31.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company posted $5.13 EPS. The business’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, analysts expect that Corpay will post 25.75 earnings per share for the current fiscal year.

Insider Activity at Corpay

In related news, Director Steven T. Stull sold 2,357 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the transaction, the director owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. This trade represents a 9.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the transaction, the chief executive officer owned 2,354,330 shares in the company, valued at approximately $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 291,336 shares of company stock worth $116,212,228. 5.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Corpay

Several hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its stake in Corpay by 36,046.6% during the 2nd quarter. California State Teachers Retirement System now owns 30,244,919 shares of the corporate payments company’s stock valued at $10,079,724,000 after acquiring an additional 30,161,246 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Corpay by 168,603.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock worth $448,282,000 after purchasing an additional 1,488,772 shares in the last quarter. Norges Bank acquired a new stake in shares of Corpay during the fourth quarter worth approximately $266,190,000. Orbis Allan Gray Ltd boosted its holdings in shares of Corpay by 20.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after purchasing an additional 859,854 shares during the period. Finally, Spruce House Investment Management LLC boosted its holdings in shares of Corpay by 95.3% during the fourth quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock worth $249,772,000 after purchasing an additional 405,000 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.