SEB Asset Management AB Invests $4.33 Million in Corpay, Inc $CPAY

SEB Asset Management AB purchased a new stake in Corpay, Inc (NYSE:CPAY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,873 shares of the corporate payments company’s stock, valued at approximately $4,328,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Generate Investment Management Ltd increased its position in Corpay by 60.0% during the fourth quarter. Generate Investment Management Ltd now owns 120,000 shares of the corporate payments company’s stock worth $36,112,000 after purchasing an additional 45,000 shares during the last quarter. Pensionfund Sabic purchased a new position in Corpay during the fourth quarter worth approximately $1,113,000. Louisiana State Employees Retirement System acquired a new position in shares of Corpay in the 1st quarter valued at $1,048,000. Moran Wealth Management LLC boosted its holdings in shares of Corpay by 77.9% in the 1st quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company’s stock valued at $11,020,000 after purchasing an additional 16,586 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Corpay by 4,657.7% during the 4th quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock valued at $314,193,000 after buying an additional 1,022,129 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CPAY shares. Morgan Stanley restated an “overweight” rating and set a $400.00 price objective on shares of Corpay in a report on Sunday, May 10th. Robert W. Baird reduced their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Loop Capital assumed coverage on Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 price target for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Corpay has an average rating of “Moderate Buy” and an average price target of $382.54.

Corpay Price Performance

CPAY opened at $359.12 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $374.09. The company has a 50 day moving average of $349.93 and a two-hundred day moving average of $333.11. The company has a market cap of $23.47 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.00 and a beta of 0.88.

Corpay (NYSE:CPAY) last issued its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The business 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%. On average, analysts expect that Corpay, Inc will post 25.49 earnings per share for the current year.

Insider Buying and Selling at Corpay

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. This trade represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is owned by insiders.

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.