Armando Lins Netto Sells 418 Shares of Corpay (NYSE:CPAY) Stock

Corpay, Inc. (NYSE:CPAY) insider Armando Lins Netto sold 418 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $355.08, for a total transaction of $148,423.44. Following the completion of the sale, the insider directly owned 32,617 shares of the company’s stock, valued at approximately $11,581,644.36. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Armando Lins Netto also recently made the following trade(s):

• On Friday, May 29th, Armando Lins Netto sold 2,694 shares of Corpay stock. The shares were sold at an average price of $357.01, for a total transaction of $961,784.94.
• On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The stock was sold at an average price of $356.05, for a total transaction of $5,016,388.45.

Corpay Trading Up 2.8%

Shares of NYSE:CPAY traded up $9.98 during mid-day trading on Friday, reaching $362.35. 769,367 shares of the company were exchanged, compared to its average volume of 631,793. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $23.68 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 0.97 and a beta of 0.81. The firm’s 50-day simple moving average is $316.75 and its 200 day simple moving average is $315.31. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $364.24.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $0.30. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company posted $4.51 EPS. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Equities research analysts forecast that Corpay, Inc. will post 25.49 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research report on Friday, May 8th. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Mizuho increased their price objective on shares of Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Loop Capital assumed coverage on shares of Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $377.92.

Institutional Investors Weigh In On Corpay

Hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Corpay by 5.6% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,858 shares of the company’s stock worth $39,999,000 after buying an additional 7,397 shares in the last quarter. Hendershot Investments Inc. lifted its holdings in Corpay by 37.5% during the 3rd quarter. Hendershot Investments Inc. now owns 51,779 shares of the company’s stock worth $14,915,000 after buying an additional 14,128 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Corpay by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock worth $2,357,100,000 after buying an additional 58,235 shares in the last quarter. Citigroup Inc. lifted its holdings in Corpay by 35.2% during the 3rd quarter. Citigroup Inc. now owns 86,004 shares of the company’s stock worth $24,774,000 after buying an additional 22,401 shares in the last quarter. Finally, Tredje AP fonden lifted its holdings in Corpay by 54.0% during the 3rd quarter. Tredje AP fonden now owns 8,877 shares of the company’s stock worth $2,557,000 after buying an additional 3,112 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.