D.A. Davidson & CO. Has $8.66 Million Stake in Corpay, Inc $CPAY

D.A. Davidson & CO. increased its holdings in shares of Corpay, Inc (NYSE:CPAY) by 19.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 29,758 shares of the corporate payments company’s stock after purchasing an additional 4,768 shares during the period. D.A. Davidson & CO.’s holdings in Corpay were worth $8,659,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in shares of Corpay in the 4th quarter valued at approximately $25,000. Leonteq Securities AG acquired a new position in Corpay during the 4th quarter worth approximately $27,000. BOKF NA lifted its position in Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after acquiring an additional 94 shares in the last quarter. Torren Management LLC bought a new stake in shares of Corpay in the 4th quarter worth $29,000. Finally, DV Equities LLC bought a new stake in shares of Corpay during the 4th quarter worth $30,000. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CPAY shares. Wolfe Research reiterated an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research report 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. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, Loop Capital assumed coverage on Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $382.54.

Corpay Price Performance

Corpay stock opened at $365.94 on Friday. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $374.09. 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 $349.20 and a 200-day moving average price of $332.02. The firm has a market capitalization of $23.92 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.02 and a beta of 0.88.

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

Insider Transactions at Corpay

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the business’s 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 completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction on 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 directly owned 11,274 shares in the company, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by insiders.

Corpay Profile

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.