Vestcor Inc Has $3.77 Million Position in Corpay, Inc. $CPAY

Vestcor Inc lessened its stake in shares of Corpay, Inc. (NYSE:CPAY) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,097 shares of the company’s stock after selling 1,671 shares during the quarter. Vestcor Inc’s holdings in Corpay were worth $3,773,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Corpay during the 2nd quarter worth about $266,246,000. Vanguard Group Inc. increased its position in shares of Corpay by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock valued at $2,695,851,000 after acquiring an additional 251,651 shares during the last quarter. Boston Partners increased its position in shares of Corpay by 5.8% in the second quarter. Boston Partners now owns 2,289,271 shares of the company’s stock valued at $758,536,000 after acquiring an additional 125,331 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in Corpay by 3.3% during the second quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock worth $1,279,362,000 after acquiring an additional 124,368 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Corpay by 4.4% during the second quarter. Invesco Ltd. now owns 1,978,930 shares of the company’s stock valued at $656,649,000 after purchasing an additional 84,198 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Price Performance

Shares of NYSE CPAY opened at $329.36 on Wednesday. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $361.99. The company has a market capitalization of $23.04 billion, a PE ratio of 21.90, a PEG ratio of 0.94 and a beta of 0.80. The stock’s 50 day moving average price is $326.46 and its 200-day moving average price is $306.86. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.70.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $6.04 EPS for the quarter, beating the consensus estimate of $5.93 by $0.11. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Corpay had a return on equity of 37.13% and a net margin of 23.62%.Corpay’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.36 earnings per share. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. On average, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Insider Buying and Selling

In related news, CAO Alissa B. Vickery sold 1,701 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $358.65, for a total transaction of $610,063.65. Following the transaction, the chief accounting officer directly owned 2,180 shares of the company’s stock, valued at approximately $781,857. This trade represents a 43.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven T. Stull purchased 8,000 shares of the stock in a transaction on Friday, December 12th. The stock was acquired at an average cost of $314.98 per share, with a total value of $2,519,840.00. Following the completion of the purchase, the director directly owned 29,241 shares of the company’s stock, valued at $9,210,330.18. The trade was a 37.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CPAY. Wall Street Zen raised Corpay from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley raised their price target on shares of Corpay from $379.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Mizuho lifted their price objective on Corpay from $320.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Cantor Fitzgerald increased their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada boosted their target price on Corpay from $344.00 to $363.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.57.

Corpay Profile

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.