Corpay, Inc $CPAY Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Corpay, Inc (NYSE:CPAY) by 13.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,922 shares of the corporate payments company’s stock after acquiring an additional 1,207 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Corpay were worth $3,815,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Fairvoy Private Wealth LLC acquired a new position in shares of Corpay during the 3rd quarter worth about $201,000. Banque Pictet & Cie SA purchased a new position in Corpay in the 3rd quarter valued at about $296,000. CX Institutional lifted its stake in Corpay by 15.2% in the 3rd quarter. CX Institutional now owns 1,059 shares of the corporate payments company’s stock valued at $412,000 after buying an additional 140 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Corpay by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 258 shares of the corporate payments company’s stock worth $100,000 after buying an additional 97 shares during the last quarter. Finally, Burkett Financial Services LLC acquired a new stake in Corpay in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Up 1.9%

CPAY opened at $415.17 on Friday. The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.12 and a beta of 0.89. The company’s 50 day simple moving average is $404.78 and its two-hundred day simple moving average is $371.28. Corpay, Inc has a 1-year low of $252.84 and a 1-year high of $427.46. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97.

Corpay (NYSE:CPAY) last posted its quarterly 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. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Analysts expect that Corpay, Inc will post 25.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other Corpay news, Director Steven Stull sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the transaction, the director owned 23,598 shares of the company’s stock, valued at approximately $9,690,754.68. The trade was a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ronald Clarke sold 119,486 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the sale, the chief executive officer owned 2,354,330 shares of the company’s stock, valued at approximately $970,925,692. The trade was a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 220,860 shares of company stock worth $91,395,514 in the last three months. 5.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Weiss Ratings upgraded Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Scotiabank initiated coverage on Corpay in a research report on Wednesday, September 2nd. They issued an “outperform” rating and a $536.00 target price on the stock. Royal Bank Of Canada lifted their price target on Corpay from $423.00 to $438.00 and gave the stock a “sector perform” rating in a research note on Monday, August 31st. UBS Group boosted their price target on Corpay from $385.00 to $415.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods increased their price objective on Corpay from $400.00 to $470.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $438.93.

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.