Goldman Sachs Group Inc. Decreases Stake in Corpay, Inc. $CPAY

Goldman Sachs Group Inc. cut its stake in shares of Corpay, Inc. (NYSE:CPAY) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 505,691 shares of the company’s stock after selling 70,799 shares during the period. Goldman Sachs Group Inc.’s holdings in Corpay were worth $152,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company’s stock worth $448,282,000 after buying an additional 1,488,772 shares in the last quarter. M&T Bank Corp increased its holdings in Corpay by 4,657.7% in the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the company’s stock valued at $314,193,000 after buying an additional 1,022,129 shares in the last quarter. Norges Bank acquired a new stake in shares of Corpay during the 4th quarter valued at approximately $266,190,000. Hawk Ridge Capital Management LP purchased a new stake in shares of Corpay during the 3rd quarter worth approximately $106,381,000. Finally, Wellington Management Group LLP boosted its stake in shares of Corpay by 54.9% during the 3rd quarter. Wellington Management Group LLP now owns 631,496 shares of the company’s stock worth $181,909,000 after acquiring an additional 223,704 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CPAY. Raymond James Financial reaffirmed an “outperform” rating and issued a $361.00 price objective on shares of Corpay in a research note on Thursday, March 5th. UBS Group upped their target price on Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Cantor Fitzgerald raised their price target on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.

Insider Buying and Selling

In related news, insider Armando Lins Netto sold 2,694 shares of Corpay stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $357.01, for a total transaction of $961,784.94. Following the completion of the sale, the insider owned 15,834 shares in the company, valued at approximately $5,652,896.34. This trade represents a 14.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 17,201 shares of company stock worth $6,126,597. Company insiders own 5.19% of the company’s stock.

Corpay Price Performance

CPAY stock opened at $348.12 on Monday. The stock’s 50 day moving average price is $324.90 and its 200 day moving average price is $318.50. The firm has a market cap of $22.75 billion, a P/E ratio of 20.83, a PEG ratio of 0.95 and a beta of 0.86. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $367.43.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.50 by $0.30. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $4.51 earnings per share. Corpay’s revenue was up 25.4% compared to the same quarter last year. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, sell-side analysts expect that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Corpay Company Profile

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.