Skandinaviska Enskilda Banken AB publ Sells 4,058 Shares of Corpay, Inc. $CPAY

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 21.6% in the third quarter, Holdings Channel.com reports. The fund owned 14,728 shares of the company’s stock after selling 4,058 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Corpay were worth $4,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new position in shares of Corpay in the 1st quarter worth $207,000. Woodline Partners LP increased its holdings in Corpay by 39.3% in the first quarter. Woodline Partners LP now owns 5,890 shares of the company’s stock valued at $2,054,000 after purchasing an additional 1,661 shares during the last quarter. Intech Investment Management LLC lifted its stake in Corpay by 30.4% in the first quarter. Intech Investment Management LLC now owns 3,341 shares of the company’s stock valued at $1,165,000 after buying an additional 778 shares during the period. D.A. Davidson & CO. boosted its holdings in Corpay by 7.6% during the second quarter. D.A. Davidson & CO. now owns 23,539 shares of the company’s stock worth $7,811,000 after buying an additional 1,667 shares during the last quarter. Finally, Ethic Inc. grew its position in shares of Corpay by 42.3% during the 2nd quarter. Ethic Inc. now owns 4,798 shares of the company’s stock worth $1,569,000 after buying an additional 1,426 shares during the period. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPAY. Royal Bank Of Canada upped their price target on Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. UBS Group upped their target price on shares of Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Corpay from $350.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Corpay in a research note on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $379.79.

Insider Activity

In other news, Director Steven T. Stull acquired 8,000 shares of Corpay stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of $314.98 per share, with a total value of $2,519,840.00. Following the completion of the transaction, the director directly owned 29,241 shares of the company’s stock, valued at approximately $9,210,330.18. This represents a 37.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Alissa B. Vickery sold 1,701 shares of the stock in a transaction dated Tuesday, February 10th. The stock was 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 of the company’s stock, valued at approximately $781,857. The trade was a 43.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.04% of the company’s stock.

Corpay Stock Performance

Shares of CPAY opened at $352.78 on Friday. The firm has a market cap of $24.68 billion, a P/E ratio of 23.46, a PEG ratio of 1.00 and a beta of 0.82. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $377.56. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.13 and a current ratio of 0.98. The firm’s 50 day moving average price is $321.86 and its two-hundred day moving average price is $305.79.

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

About Corpay

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.