Glenmede Trust Co. NA Boosts Stake in Corpay, Inc $CPAY

Glenmede Trust Co. NA raised its holdings in Corpay, Inc (NYSE:CPAY) by 39.7% during the first quarter, Holdings Channel.com reports. The firm owned 80,048 shares of the corporate payments company’s stock after purchasing an additional 22,767 shares during the period. Glenmede Trust Co. NA’s holdings in Corpay were worth $23,293,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. MV Capital Management Inc. purchased a new position in shares of Corpay during the 4th quarter worth $25,000. Leonteq Securities AG purchased a new stake in Corpay in the 4th quarter valued at about $27,000. Axiom Investment Management LLC purchased a new stake in Corpay in the 1st quarter valued at about $27,000. BOKF NA lifted its position in 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 buying an additional 94 shares during the last quarter. Finally, Torren Management LLC acquired a new position in Corpay in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

CPAY has been the subject of several research analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corpay in a research note on Friday, July 24th. Morgan Stanley upped their price objective on shares of Corpay from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday. Wolfe Research reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research report on Wednesday, June 3rd. Finally, Loop Capital initiated coverage on shares of Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating and three have given 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 $383.69.

Insider Transactions at Corpay

In related news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the transaction, the director owned 28,241 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 $3,969,913.62. This trade represents a 86.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 88,677 shares of company stock valued at $31,304,091. Corporate insiders own 5.19% of the company’s stock.

Corpay Stock Down 1.7%

Shares of NYSE CPAY opened at $383.56 on Friday. The stock has a market cap of $25.07 billion, a P/E ratio of 22.95, a PEG ratio of 1.04 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $395.49. The business’s fifty day simple moving average is $353.70 and its 200-day simple moving average is $336.42.

Corpay (NYSE:CPAY) last released its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $5.63 million for the quarter. As a group, equities analysts predict that Corpay, Inc will post 25.48 EPS for the current fiscal year.

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.