USS Investment Management Ltd Acquires 1,629 Shares of Corpay, Inc $CPAY

USS Investment Management Ltd lifted its holdings in shares of Corpay, Inc (NYSE:CPAY) by 13.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 14,169 shares of the corporate payments company’s stock after acquiring an additional 1,629 shares during the period. USS Investment Management Ltd’s holdings in Corpay were worth $4,126,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CPAY. Magnetar Financial LLC grew its stake in shares of Corpay by 546.2% in the 3rd quarter. Magnetar Financial LLC now owns 23,651 shares of the corporate payments company’s stock valued at $6,813,000 after purchasing an additional 19,991 shares during the period. Pensionfund Sabic bought a new stake in Corpay in the fourth quarter valued at $1,113,000. Generate Investment Management Ltd grew its position in Corpay by 60.0% in the fourth quarter. Generate Investment Management Ltd now owns 120,000 shares of the corporate payments company’s stock valued at $36,112,000 after acquiring an additional 45,000 shares during the period. Inceptionr LLC acquired a new position in Corpay during the third quarter worth $1,091,000. Finally, M&T Bank Corp raised its stake in Corpay by 4,657.7% during the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock worth $314,193,000 after acquiring an additional 1,022,129 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPAY has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $388.00 target price on shares of Corpay in a report on Friday, May 8th. Loop Capital began coverage on shares of Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 price objective on the stock. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Morgan Stanley reissued an “overweight” rating and issued a $400.00 target price on shares of Corpay in a report on Sunday, May 10th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $450.00 price target on shares of Corpay in a report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $383.07.

Insider Buying and Selling at Corpay

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the transaction, the insider directly owned 11,274 shares in the company, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the sale, the director directly owned 28,241 shares of the company’s stock, valued at $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 88,677 shares of company stock worth $31,304,091. Company insiders own 5.19% of the company’s stock.

Corpay Trading Down 0.1%

CPAY opened at $352.24 on Friday. Corpay, Inc has a 1-year low of $252.84 and a 1-year high of $367.43. The stock has a market capitalization of $23.02 billion, a PE ratio of 21.08, a PEG ratio of 0.96 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $345.80 and a two-hundred day moving average price of $327.38.

Corpay (NYSE:CPAY) last announced its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share (EPS) for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $5.63 million for the quarter. As a group, equities analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current fiscal year.

About Corpay

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.