Sumitomo Mitsui Trust Group Inc. Has $40.38 Million Stock Holdings in Corpay, Inc $CPAY

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Corpay, Inc (NYSE:CPAY) by 6.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 138,782 shares of the corporate payments company’s stock after selling 9,459 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Corpay were worth $40,384,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CPAY. MV Capital Management Inc. acquired a new stake in Corpay during the fourth quarter worth approximately $25,000. Leonteq Securities AG acquired a new position in shares of Corpay in the fourth quarter valued at approximately $27,000. BOKF NA grew its position 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 valued at $28,000 after purchasing an additional 94 shares during the last quarter. Torren Management LLC bought a new position in shares of Corpay during the fourth quarter worth approximately $29,000. Finally, DV Equities LLC bought a new position in shares of Corpay during the fourth quarter worth approximately $30,000. 98.84% of the stock is owned by institutional investors.

Insider Transactions at Corpay

In related news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the transaction, the director directly owned 28,241 shares of the company’s stock, valued at $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the sale, the insider 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 88,677 shares of company stock worth $31,304,091 in the last quarter. Corporate insiders own 5.19% of the company’s stock.

Corpay Trading Up 0.1%

Shares of CPAY opened at $353.86 on Monday. The business’s fifty day moving average is $348.23 and its 200-day moving average is $330.31. The firm has a market cap of $23.13 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 0.97 and a beta of 0.88. 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 52-week low of $252.84 and a 52-week high of $367.43.

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

Analyst Ratings Changes

Several analysts recently issued reports on CPAY shares. Robert W. Baird reduced their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Loop Capital started coverage on shares of Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price for the company. Wolfe Research restated an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus 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.