Corpay (NYSE:CPAY) Insider Armando Lins Netto Sells 70,476 Shares

Corpay, Inc. (NYSE:CPAY) insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the transaction, the insider directly owned 11,274 shares in the company, valued at $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was 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.
• On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The stock was sold at an average price of $355.08, for a total transaction of $148,423.44.

Corpay Trading Up 2.1%

Shares of Corpay stock opened at $360.86 on Wednesday. The company has a market capitalization of $23.59 billion, a P/E ratio of 21.60, a PEG ratio of 0.97 and a beta of 0.86. The company’s fifty day moving average is $333.73 and its two-hundred day moving average is $321.95. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $367.43.

Corpay (NYSE:CPAY) last issued its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.30. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.51 earnings per share. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Analysts forecast that Corpay, Inc. will post 25.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CPAY shares. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 target price on shares of Corpay in a report on Friday, May 8th. Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Corpay in a report on Wednesday, June 3rd. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 target price on shares of Corpay in a report on Sunday, May 10th. Finally, Robert W. Baird lowered their target price 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. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $383.07.

Hedge Funds Weigh In On Corpay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Corpay by 0.7% during the third quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock worth $2,357,100,000 after acquiring an additional 58,235 shares during the last quarter. Orbis Allan Gray Ltd raised its position in Corpay by 20.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the company’s stock worth $1,501,029,000 after acquiring an additional 859,854 shares during the last quarter. JPMorgan Chase & Co. raised its position in Corpay by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the company’s stock worth $1,424,882,000 after acquiring an additional 307,355 shares during the last quarter. State Street Corp raised its position in Corpay by 0.8% during the third quarter. State Street Corp now owns 2,956,744 shares of the company’s stock worth $851,720,000 after acquiring an additional 23,470 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Corpay by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,905,526 shares of the company’s stock worth $571,346,000 after acquiring an additional 19,281 shares during the last quarter. Institutional investors and hedge funds own 98.84% 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.