JPMorgan Chase & Co. Purchases 307,355 Shares of Corpay, Inc. $CPAY

JPMorgan Chase & Co. raised its position in shares of Corpay, Inc. (NYSE:CPAY) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,734,927 shares of the company’s stock after acquiring an additional 307,355 shares during the period. JPMorgan Chase & Co. owned approximately 6.77% of Corpay worth $1,424,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the company’s stock valued at $448,282,000 after purchasing an additional 1,488,772 shares during the period. M&T Bank Corp boosted its stake in shares of Corpay by 4,657.7% during the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the company’s stock valued at $314,193,000 after purchasing an additional 1,022,129 shares during the period. Norges Bank purchased a new stake in shares of Corpay during the fourth quarter valued at $266,190,000. Hawk Ridge Capital Management LP purchased a new stake in shares of Corpay during the third quarter valued at $106,381,000. Finally, Wellington Management Group LLP boosted its stake in shares of Corpay by 54.9% during the third quarter. Wellington Management Group LLP now owns 631,496 shares of the company’s stock valued at $181,909,000 after purchasing an additional 223,704 shares during the period. Institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Armando Lins Netto sold 2,694 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $357.01, for a total value of $961,784.94. Following the completion of the sale, the insider directly owned 15,834 shares of the company’s stock, valued at $5,652,896.34. This represents a 14.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 17,201 shares of company stock valued at $6,126,597 over the last ninety days. 5.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CPAY has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on shares of Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 target price for the company. Cantor Fitzgerald boosted their target price on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Oppenheimer reissued an “outperform” rating and set a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. UBS Group boosted their target price on shares of Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $383.07.

Corpay Stock Up 0.4%

NYSE:CPAY opened at $348.74 on Tuesday. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $367.43. The company has a 50-day moving average of $326.02 and a 200 day moving average of $319.03. The firm has a market cap of $22.79 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 0.95 and a beta of 0.86. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, May 7th. The company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $4.51 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. As a group, research analysts anticipate that Corpay, Inc. will post 25.49 EPS for the current fiscal year.

About Corpay

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.