Procyon Advisors LLC Has $1.85 Million Stock Holdings in Corpay, Inc $CPAY

Procyon Advisors LLC lifted its stake in Corpay, Inc (NYSE:CPAY) by 78.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,357 shares of the corporate payments company’s stock after acquiring an additional 2,786 shares during the quarter. Procyon Advisors LLC’s holdings in Corpay were worth $1,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MV Capital Management Inc. bought a new stake in Corpay during the fourth quarter worth about $25,000. Leonteq Securities AG bought a new position in Corpay in the fourth quarter valued at approximately $27,000. BOKF NA grew its stake in Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares in the last quarter. Torren Management LLC acquired a new position in shares of Corpay during the 4th quarter worth approximately $29,000. Finally, DV Equities LLC bought a new stake in shares of Corpay during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling

In other news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the sale, the director directly owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the sale, the insider owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 88,677 shares of company stock worth $31,304,091. Company insiders own 5.19% of the company’s stock.

Corpay Stock Down 0.0%

Corpay stock opened at $362.00 on Tuesday. The stock has a market cap of $23.66 billion, a P/E ratio of 21.66, a P/E/G ratio of 0.97 and a beta of 0.88. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $367.43. The company’s 50-day moving average price is $348.78 and its two-hundred day moving average price is $330.77.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The firm had revenue of $5.63 million during the quarter. As a group, analysts expect that Corpay, Inc will post 25.49 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CPAY shares. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Loop Capital began coverage on shares of Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price target on the stock. Wolfe Research reiterated an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a research report on Sunday, May 10th. Finally, Robert W. Baird cut their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Corpay has an average rating of “Moderate Buy” and a consensus target price of $383.07.

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.