13,765 Shares in Corpay, Inc $CPAY Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new position in shares of Corpay, Inc (NYSE:CPAY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,765 shares of the corporate payments company’s stock, valued at approximately $5,349,000.

A number of other institutional investors have also recently added to or reduced their stakes in CPAY. Axiom Investment Management LLC bought a new position in Corpay during the 1st quarter valued at $27,000. Burkett Financial Services LLC bought a new stake in shares of Corpay in the 3rd quarter worth $30,000. Strive Financial Group LLC bought a new stake in shares of Corpay in the 2nd quarter worth $35,000. Western Wealth Management LLC bought a new stake in shares of Corpay in the 1st quarter worth $36,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Corpay by 1,246.2% in the second quarter. CoreCap Advisors LLC now owns 175 shares of the corporate payments company’s stock valued at $58,000 after buying an additional 162 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Performance

Corpay stock opened at $460.40 on Wednesday. The firm’s 50 day simple moving average is $407.13 and its 200-day simple moving average is $361.33. The company has a market cap of $29.45 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.07 and a beta of 0.94. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.95 and a quick ratio of 0.95. Corpay, Inc has a fifty-two week low of $271.22 and a fifty-two week high of $479.53.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, November 4th. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.20 by $0.34. Corpay had a net margin of 23.73% and a return on equity of 46.94%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business earned $5.70 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. As a group, equities research analysts predict that Corpay, Inc will post 25.90 EPS for the current year.

Insider Buying and Selling at Corpay

In other Corpay news, Director Steven Stull sold 2,357 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the sale, the director directly owned 21,241 shares of the company’s stock, valued at $8,785,702.42. The trade was a 9.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of the 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 $970,925,692. The trade was a 4.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 220,860 shares of company stock worth $91,395,514. Company insiders own 5.19% of the company’s stock.

Analyst Upgrades and Downgrades

CPAY has been the subject of several research reports. Wolfe Research raised their target price on Corpay from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Morgan Stanley lifted their target price on Corpay from $455.00 to $460.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Robert W. Baird set a $475.00 price target on shares of Corpay in a research report on Thursday, August 6th. Scotiabank upped their price target on shares of Corpay from $536.00 to $539.00 and gave the company a “sector outperform” rating in a report on Thursday, November 5th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Corpay from $470.00 to $525.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.38.

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.