Corpay, Inc $CPAY Shares Sold by Graphene Investments SAS

Graphene Investments SAS cut its holdings in shares of Corpay, Inc (NYSE:CPAY) by 13.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,500 shares of the corporate payments company’s stock after selling 1,500 shares during the period. Graphene Investments SAS’s holdings in Corpay were worth $2,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in Corpay during the 4th quarter worth approximately $25,000. Leonteq Securities AG purchased a new stake in shares of Corpay during the fourth quarter worth $27,000. BOKF NA raised its stake in shares of Corpay by 4,700.0% in the third 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 acquired a new stake in shares of Corpay in the fourth quarter valued at $29,000. Finally, DV Equities LLC purchased a new position in Corpay in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Stock Performance

Shares of Corpay stock opened at $372.21 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The firm’s 50 day moving average is $349.08 and its two-hundred day moving average is $331.71. The firm has a market capitalization of $24.33 billion, a P/E ratio of 22.27, a P/E/G ratio of 0.99 and a beta of 0.88. Corpay, Inc has a 52 week low of $252.84 and a 52 week high of $373.91.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share 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%. Research analysts forecast that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Armando Lins Netto sold 70,476 shares of the firm’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 transaction, the insider directly owned 11,274 shares in the company, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,677 shares of company stock worth $31,304,091 in the last 90 days. 5.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPAY shares. Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Robert W. Baird lowered their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Finally, Oppenheimer reissued an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research 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. According to data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and a consensus target price of $382.54.

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.