Robert W. Baird Cuts Corpay (NYSE:CPAY) Price Target to $380.00

Corpay (NYSE:CPAY) had its target price decreased by Robert W. Baird from $440.00 to $380.00 in a research note published on Tuesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. UBS Group increased their price objective on shares of Corpay from $315.00 to $380.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Morgan Stanley raised their price target on Corpay from $379.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price objective on Corpay from $350.00 to $390.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Finally, Scotiabank upgraded Corpay to a “sector outperform” rating in a report on Monday, January 26th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Corpay presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

Corpay Trading Up 1.4%

NYSE CPAY opened at $293.61 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $20.54 billion, a P/E ratio of 19.52, a PEG ratio of 0.84 and a beta of 0.85. The firm’s 50-day moving average is $319.13 and its two-hundred day moving average is $304.58. Corpay has a 12 month low of $252.84 and a 12 month high of $361.99.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.11. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Corpay had a net margin of 23.62% and a return on equity of 37.13%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the business earned $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, sell-side analysts anticipate that Corpay will post 19.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Alissa B. Vickery sold 1,701 shares of the stock in a transaction on 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 $781,857. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC increased its holdings in shares of Corpay by 4.7% in the 4th quarter. Hsbc Holdings PLC now owns 132,148 shares of the company’s stock valued at $39,864,000 after acquiring an additional 5,979 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Corpay during the 4th quarter worth about $25,000. Invesco Ltd. lifted its stake in Corpay by 0.5% during the fourth quarter. Invesco Ltd. now owns 1,751,048 shares of the company’s stock worth $526,943,000 after purchasing an additional 8,783 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in Corpay during the fourth quarter worth approximately $1,595,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Corpay by 34.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,902 shares of the company’s stock valued at $2,077,000 after purchasing an additional 1,766 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Company Profile

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.