Wall Street Zen Upgrades Corpay (NYSE:CPAY) to “Buy”

Corpay (NYSE:CPAY) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. Raymond James Financial reiterated an “outperform” rating and set a $442.00 target price on shares of Corpay in a research report on Thursday, August 6th. Robert W. Baird set a $475.00 price target on shares of Corpay in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods raised their price objective on shares of Corpay from $400.00 to $470.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of Corpay from $423.00 to $438.00 and gave the company a “sector perform” rating in a research note on Monday, August 31st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $438.93.

Corpay Stock Down 0.1%

Shares of NYSE CPAY opened at $416.09 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $27.32 billion, a PE ratio of 25.33, a P/E/G ratio of 1.14 and a beta of 0.87. Corpay has a one year low of $252.84 and a one year high of $427.46. The business’s fifty day moving average price is $387.32 and its 200-day moving average price is $349.87.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.58 by $0.42. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm posted $5.13 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. On average, equities research analysts anticipate that Corpay will post 25.75 EPS for the current year.

Insider Activity

In related news, Director Steven T. Stull sold 2,357 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $413.62, for a total transaction of $974,902.34. Following the transaction, the director directly owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. This trade represents a 9.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Armando Netto sold 70,476 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 291,336 shares of company stock worth $116,212,228. 5.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corpay

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in shares of Corpay by 36,046.6% during the 2nd quarter. California State Teachers Retirement System now owns 30,244,919 shares of the corporate payments company’s stock valued at $10,079,724,000 after purchasing an additional 30,161,246 shares during the last quarter. Orbis Allan Gray Ltd boosted its position in Corpay by 20.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock valued at $1,501,029,000 after buying an additional 859,854 shares during the period. JPMorgan Chase & Co. boosted its position in Corpay by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock valued at $1,424,882,000 after buying an additional 307,355 shares during the period. State Street Corp boosted its position in Corpay by 0.8% during the third quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock valued at $851,720,000 after buying an additional 23,470 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Corpay by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock valued at $571,346,000 after buying an additional 19,281 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.