CIBC Asset Management Inc Raises Position in Corpay, Inc. $CPAY

CIBC Asset Management Inc increased its holdings in Corpay, Inc. (NYSE:CPAY) by 66.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,512 shares of the company’s stock after purchasing an additional 6,601 shares during the quarter. CIBC Asset Management Inc’s holdings in Corpay were worth $4,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CPAY. Integrated Wealth Concepts LLC purchased a new position in Corpay in the 1st quarter worth $207,000. Woodline Partners LP raised its position in Corpay by 39.3% in the 1st quarter. Woodline Partners LP now owns 5,890 shares of the company’s stock worth $2,054,000 after purchasing an additional 1,661 shares during the period. Intech Investment Management LLC raised its position in Corpay by 30.4% in the 1st quarter. Intech Investment Management LLC now owns 3,341 shares of the company’s stock worth $1,165,000 after purchasing an additional 778 shares during the period. Marshall Wace LLP raised its position in Corpay by 128.6% in the 2nd quarter. Marshall Wace LLP now owns 1,600 shares of the company’s stock worth $531,000 after purchasing an additional 900 shares during the period. Finally, Brown Advisory Inc. grew its holdings in Corpay by 16.0% in the 2nd quarter. Brown Advisory Inc. now owns 1,670 shares of the company’s stock worth $554,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CPAY. Raymond James Financial reissued an “outperform” rating and issued a $361.00 price target on shares of Corpay in a report on Thursday, March 5th. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Robert W. Baird cut their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Loop Capital began coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 price target on the stock. Finally, Cantor Fitzgerald raised their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.07.

Corpay Trading Down 2.5%

Shares of CPAY opened at $348.12 on Friday. The firm’s 50-day moving average price is $324.90 and its 200-day moving average price is $318.18. The firm has a market capitalization of $22.75 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 0.95 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $367.43.

Corpay (NYSE:CPAY) last announced its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.30. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Sell-side analysts anticipate that Corpay, Inc. will post 25.49 EPS for the current year.

Insider Buying and Selling at Corpay

In other news, insider Armando Lins Netto sold 2,694 shares of Corpay stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $357.01, for a total transaction of $961,784.94. Following the sale, the insider owned 15,834 shares of the company’s stock, valued at approximately $5,652,896.34. The trade was a 14.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 17,201 shares of company stock worth $6,126,597. Insiders own 5.19% of the company’s stock.

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.