Louisiana State Employees Retirement System Invests $1.05 Million in Corpay, Inc $CPAY

Louisiana State Employees Retirement System acquired a new stake in shares of Corpay, Inc (NYSE:CPAY) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 3,600 shares of the corporate payments company’s stock, valued at approximately $1,048,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MV Capital Management Inc. acquired a new stake in Corpay in the 4th quarter worth approximately $25,000. Leonteq Securities AG acquired a new position in Corpay during the 4th quarter valued at approximately $27,000. BOKF NA raised its holdings in shares of Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after buying an additional 94 shares during the last quarter. Torren Management LLC purchased a new position in shares of Corpay in the fourth quarter worth $29,000. Finally, DV Equities LLC acquired a new stake in shares of Corpay during the fourth quarter worth $30,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the transaction, the insider owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following the sale, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 88,677 shares of company stock valued at $31,304,091 over the last 90 days. Company insiders own 5.19% of the company’s stock.

Corpay Price Performance

Shares of Corpay stock opened at $352.24 on Friday. The stock has a market capitalization of $23.02 billion, a P/E ratio of 21.08, a PEG ratio of 0.96 and a beta of 0.88. The business has a 50 day simple moving average of $345.80 and a two-hundred day simple moving average of $327.50. Corpay, Inc has a 12 month low of $252.84 and a 12 month high of $367.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CPAY. Wolfe Research reissued an “outperform” rating and set a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd. Robert W. Baird lowered their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Morgan Stanley reiterated an “overweight” rating and set a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Finally, Loop Capital began coverage on Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $383.07.

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.