Corpay (NYSE:CPAY) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Corpay (NYSE:CPAY) from a buy rating to a hold rating in a report published on Saturday morning.

CPAY has been the subject of a number of other reports. Weiss Ratings restated a “buy (b-)” rating on shares of Corpay in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on Corpay from $400.00 to $470.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Corpay from $363.00 to $423.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Robert W. Baird set a $475.00 price objective on Corpay in a report on Thursday, August 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corpay has an average rating of “Moderate Buy” and a consensus price target of $426.08.

Corpay Price Performance

Shares of NYSE CPAY opened at $407.95 on Friday. The stock has a market cap of $26.79 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.15 and a beta of 0.87. The firm’s 50-day simple moving average is $367.20 and its 200 day simple moving average is $341.30. Corpay has a fifty-two week low of $252.84 and a fifty-two week high of $425.95. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $5.13 EPS. Corpay’s revenue was up 21.5% compared to the same quarter last year. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Equities analysts expect that Corpay will post 25.75 EPS for the current year.

Insider Activity

In other news, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 in the company, 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 can be accessed 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 transaction of $24,816,713.88. Following the completion of the sale, the insider owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their position. 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. Corporate insiders own 5.19% of the company’s stock.

Hedge Funds Weigh In On Corpay

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPAY. MV Capital Management Inc. purchased a new stake in shares of Corpay in the fourth quarter valued at $25,000. Leonteq Securities AG purchased a new position in shares of Corpay during the fourth quarter valued at $27,000. Axiom Investment Management LLC purchased a new position in shares of Corpay during the first quarter valued at $27,000. BOKF NA raised its position in Corpay by 4,700.0% during the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after buying an additional 94 shares during the period. Finally, Torren Management LLC acquired a new position in Corpay during the fourth quarter valued at $29,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Company 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.