Corpay, Inc. $CPAY Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in Corpay, Inc. (NYSE:CPAY) by 6.9% during the second quarter, Holdings Channel reports. The institutional investor owned 31,076 shares of the company’s stock after selling 2,309 shares during the period. Cerity Partners LLC’s holdings in Corpay were worth $10,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CVA Family Office LLC lifted its holdings in shares of Corpay by 56.7% during the 2nd quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after acquiring an additional 34 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in shares of Corpay in the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new stake in shares of Corpay during the 2nd quarter valued at $37,000. Zions Bancorporation National Association UT purchased a new stake in shares of Corpay during the 1st quarter valued at $41,000. Finally, Allworth Financial LP increased its holdings in shares of Corpay by 37.4% during the 2nd quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $79,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CPAY has been the topic of a number of research analyst reports. Williams Trading set a $300.00 target price on Corpay in a report on Monday, November 3rd. Oppenheimer upgraded Corpay from a “market perform” rating to an “outperform” rating and set a $380.00 price objective on the stock in a report on Friday, December 5th. Keefe, Bruyette & Woods reduced their price objective on Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. decreased their target price on Corpay from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research report on Monday, November 3rd. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $379.73.

Corpay Stock Performance

Shares of NYSE:CPAY opened at $311.69 on Thursday. The business’s 50-day simple moving average is $284.87 and its 200 day simple moving average is $308.88. The company has a market cap of $21.81 billion, a P/E ratio of 21.16, a PEG ratio of 1.06 and a beta of 0.85. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.13 and a current ratio of 1.13. Corpay, Inc. has a one year low of $252.84 and a one year high of $400.81.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.07. Corpay had a return on equity of 37.83% and a net margin of 24.37%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $5.00 EPS. Corpay’s quarterly revenue was up 13.9% compared to the same quarter last year. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. On average, sell-side analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

About Corpay

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.