Corpay (NYSE:CPAY) Sets New 12-Month High – What’s Next?

Corpay, Inc (NYSE:CPAY) shares reached a new 52-week high on Monday . The stock traded as high as $377.43 and last traded at $377.08, with a volume of 10524 shares traded. The stock had previously closed at $370.58.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPAY. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 target price on shares of Corpay in a research report on Sunday, May 10th. Loop Capital assumed coverage on shares of Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective for the company. Wolfe Research reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd. Robert W. Baird decreased their price objective 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 reiterated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and an average target price of $382.54.

Corpay Stock Performance

The firm has a 50 day moving average of $350.52 and a two-hundred day moving average of $333.88. The stock has a market cap of $24.71 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.01 and a beta of 0.88. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98.

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

Insider Activity at Corpay

In related news, Director Steven T. Stull sold 1,000 shares of the business’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 transaction, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction 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 owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 88,677 shares of company stock valued at $31,304,091 over the last three months. 5.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPAY. MV Capital Management Inc. bought a new stake in shares of Corpay in the fourth quarter valued at about $25,000. Leonteq Securities AG bought a new position in Corpay during the fourth quarter valued at about $27,000. Axiom Investment Management LLC bought a new position in Corpay during the first quarter valued at about $27,000. BOKF NA raised its holdings in Corpay by 4,700.0% in the 3rd 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. Finally, Torren Management LLC acquired a new position in Corpay in the 4th quarter valued at approximately $29,000. Institutional investors own 98.84% 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.