Long Path Partners LP Sells 2,039 Shares of Corpay, Inc. $CPAY

Long Path Partners LP lowered its stake in Corpay, Inc. (NYSE:CPAY) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,964 shares of the company’s stock after selling 2,039 shares during the period. Corpay makes up about 14.2% of Long Path Partners LP’s investment portfolio, making the stock its 3rd largest holding. Long Path Partners LP owned approximately 0.19% of Corpay worth $39,166,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Corpay during the second quarter worth $266,246,000. Hawk Ridge Capital Management LP purchased a new stake in shares of Corpay during the third quarter valued at $106,381,000. Vanguard Group Inc. boosted its position in shares of Corpay by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock valued at $2,695,851,000 after purchasing an additional 251,651 shares during the period. Wellington Management Group LLP increased its stake in Corpay by 54.9% in the 3rd quarter. Wellington Management Group LLP now owns 631,496 shares of the company’s stock worth $181,909,000 after purchasing an additional 223,704 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Corpay by 7,044.2% in the 3rd quarter. Squarepoint Ops LLC now owns 135,454 shares of the company’s stock worth $39,019,000 after purchasing an additional 133,558 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Down 2.4%

Shares of NYSE CPAY opened at $310.06 on Tuesday. Corpay, Inc. has a one year low of $252.84 and a one year high of $361.99. The firm has a market capitalization of $21.69 billion, a PE ratio of 20.62, a PEG ratio of 0.92 and a beta of 0.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.70. The business has a 50-day moving average price of $327.84 and a two-hundred day moving average price of $306.72.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.11. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Corpay had a return on equity of 37.13% and a net margin of 23.62%.The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.36 EPS. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. As a group, analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Corpay news, CAO Alissa B. Vickery sold 1,701 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $358.65, for a total value of $610,063.65. Following the transaction, the chief accounting officer owned 2,180 shares in the company, valued at approximately $781,857. This represents a 43.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CPAY shares. Wall Street Zen lowered shares of Corpay from a “buy” rating to a “hold” rating in a research note on Sunday. Raymond James Financial reissued an “outperform” rating and issued a $361.00 target price on shares of Corpay in a research report on Thursday, March 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Corpay in a research report on Monday, December 29th. Royal Bank Of Canada raised their price objective on shares of Corpay from $344.00 to $363.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald lifted their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $377.57.

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.