Corpay, Inc $CPAY Shares Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC raised its stake in Corpay, Inc (NYSE:CPAY) by 15,566.7% during the third quarter, Holdings Channel reports. The fund owned 2,350 shares of the corporate payments company’s stock after buying an additional 2,335 shares during the period. Provenance Wealth Advisors LLC’s holdings in Corpay were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hiddenite Capital Partners LP purchased a new stake in shares of Corpay during the 3rd quarter worth approximately $17,098,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Corpay in the 3rd quarter worth approximately $6,461,000. Aviance Capital Partners LLC lifted its stake in Corpay by 2.2% in the third quarter. Aviance Capital Partners LLC now owns 15,171 shares of the corporate payments company’s stock valued at $5,895,000 after purchasing an additional 321 shares during the last quarter. Profund Advisors LLC purchased a new position in Corpay in the third quarter valued at approximately $238,000. Finally, ProShare Advisors LLC lifted its stake in Corpay by 3.0% in the third quarter. ProShare Advisors LLC now owns 14,862 shares of the corporate payments company’s stock valued at $5,775,000 after purchasing an additional 433 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay News Roundup

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Corpay reported adjusted earnings of $7.54 per share, above analyst expectations of about $7.19–$7.20 and up from $5.70 a year earlier. Revenue rose to $1.38 billion, topping the $1.36 billion consensus. Corpay Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company raised its fiscal 2026 outlook, forecasting revenue of $5.34 billion to $5.36 billion—above FactSet’s $5.32 billion estimate. Higher guidance suggests management sees continued strength in the business. Corpay 2026 Revenue Outlook
• Neutral Sentiment: Corpay completed the sale of its vehicle maintenance business. The articles provided no sale price or details on the financial impact, so the effect on earnings and valuation is unclear. Corpay Completes Sale of Vehicle Maintenance Business

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CPAY. Weiss Ratings raised Corpay from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods boosted their target price on Corpay from $400.00 to $470.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Morgan Stanley upped their price target on Corpay from $455.00 to $460.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Wall Street Zen downgraded Corpay from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, Royal Bank Of Canada lifted their price objective on Corpay from $423.00 to $438.00 and gave the stock a “sector perform” rating in a report on Monday, August 31st. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $450.00.

Corpay Stock Performance

NYSE CPAY opened at $418.79 on Thursday. The company’s 50 day moving average is $403.19 and its 200-day moving average is $359.03. Corpay, Inc has a 12-month low of $256.38 and a 12-month high of $427.46. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70. The firm has a market cap of $27.50 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 1.11 and a beta of 0.94.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, November 4th. The corporate payments company reported $7.54 EPS for the quarter, topping the consensus estimate of $7.20 by $0.34. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $5.70 EPS. Corpay’s revenue for the quarter was up 17.9% on a year-over-year basis. Sell-side analysts predict that Corpay, Inc will post 25.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Ronald Clarke sold 119,486 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the transaction, the chief executive officer directly owned 2,354,330 shares of the company’s stock, valued at $970,925,692. This trade represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven T. Stull sold 2,357 shares of Corpay stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the transaction, the director owned 21,241 shares of the company’s stock, valued at approximately $8,785,702.42. This trade represents a 9.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 220,860 shares of company stock worth $91,395,514 in the last three months. Insiders own 5.19% of the company’s stock.

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.