Legal & General Group Plc Has $110.80 Million Stock Holdings in Corpay, Inc. $CPAY

Legal & General Group Plc boosted its stake in Corpay, Inc. (NYSE:CPAY) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 368,181 shares of the company’s stock after buying an additional 5,710 shares during the period. Legal & General Group Plc’s holdings in Corpay were worth $110,797,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Corpay by 19.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,362 shares of the company’s stock worth $410,000 after purchasing an additional 223 shares during the period. Advisory Alpha LLC grew its holdings in shares of Corpay by 9.7% during the fourth quarter. Advisory Alpha LLC now owns 2,805 shares of the company’s stock valued at $844,000 after buying an additional 249 shares during the last quarter. Vantage Investment Partners LLC grew its holdings in shares of Corpay by 27.7% during the fourth quarter. Vantage Investment Partners LLC now owns 166,994 shares of the company’s stock valued at $50,254,000 after buying an additional 36,225 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Corpay by 111.3% during the fourth quarter. Global Retirement Partners LLC now owns 300 shares of the company’s stock valued at $90,000 after buying an additional 158 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Corpay during the fourth quarter valued at about $27,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Raymond James Financial reiterated an “outperform” rating and set a $361.00 price objective on shares of Corpay in a report on Thursday, March 5th. Robert W. Baird reduced their price objective on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Loop Capital assumed coverage on shares of Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 price objective for the company. Finally, Morgan Stanley reiterated an “overweight” rating and set a $400.00 price objective on shares of Corpay in a report on Sunday, May 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $377.92.

Corpay Stock Up 0.1%

CPAY opened at $352.80 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50-day moving average is $316.75 and its 200 day moving average is $315.31. Corpay, Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $361.99. The firm has a market capitalization of $23.06 billion, a P/E ratio of 21.11, a PEG ratio of 0.97 and a beta of 0.81.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the firm earned $4.51 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Research 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.