Swedbank AB Sells 92,714 Shares of Corpay, Inc $CPAY

Swedbank AB decreased its position in shares of Corpay, Inc (NYSE:CPAY) by 34.0% in the 1st quarter, HoldingsChannel reports. The firm owned 180,103 shares of the corporate payments company’s stock after selling 92,714 shares during the quarter. Swedbank AB’s holdings in Corpay were worth $52,408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hendershot Investments Inc. raised its position in Corpay by 21.6% during the first quarter. Hendershot Investments Inc. now owns 53,258 shares of the corporate payments company’s stock valued at $15,498,000 after purchasing an additional 9,446 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Corpay by 13.3% during the first quarter. HB Wealth Management LLC now owns 1,973 shares of the corporate payments company’s stock worth $574,000 after buying an additional 232 shares during the last quarter. Moran Wealth Management LLC grew its position in Corpay by 77.9% during the 1st quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company’s stock worth $11,020,000 after acquiring an additional 16,586 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Corpay by 2.1% during the first quarter. New York State Teachers Retirement System now owns 61,792 shares of the corporate payments company’s stock worth $17,981,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Corpay during the 1st quarter worth approximately $3,659,000. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Up 0.1%

Shares of CPAY opened at $357.40 on Wednesday. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $367.43. The stock has a market cap of $23.36 billion, a PE ratio of 21.39, a P/E/G ratio of 0.98 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. The business’s 50-day moving average price is $347.53 and its 200-day moving average price is $329.19.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) 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 for the quarter. On average, equities analysts forecast that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Morgan Stanley reissued an “overweight” rating and set a $400.00 target price on shares of Corpay in a research note on Sunday, May 10th. Wolfe Research reissued an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a research note on Wednesday, June 3rd. Robert W. Baird lowered their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Finally, Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.

Insiders Place Their Bets

In related news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the transaction, 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. The SEC filing for this sale provides additional information. Insiders sold 88,677 shares of company stock worth $31,304,091 in the last quarter. 5.19% of the stock is currently owned by company insiders.

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.