Lyrical Asset Management LP Sells 30,189 Shares of Corpay, Inc. $CPAY

Lyrical Asset Management LP trimmed its stake in shares of Corpay, Inc. (NYSE:CPAY) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 675,704 shares of the company’s stock after selling 30,189 shares during the quarter. Corpay accounts for about 2.8% of Lyrical Asset Management LP’s holdings, making the stock its 16th largest position. Lyrical Asset Management LP owned about 0.97% of Corpay worth $203,340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPAY. Leonteq Securities AG bought a new position in shares of Corpay in the fourth quarter valued at approximately $27,000. BOKF NA boosted its position in shares of Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the company’s stock valued at $28,000 after acquiring an additional 94 shares during the period. Torren Management LLC bought a new position in shares of Corpay in the fourth quarter valued at approximately $29,000. Rothschild Investment LLC boosted its position in shares of Corpay by 202.1% in the fourth quarter. Rothschild Investment LLC now owns 145 shares of the company’s stock valued at $44,000 after acquiring an additional 97 shares during the period. Finally, Harbour Investments Inc. boosted its position in shares of Corpay by 35.5% in the fourth quarter. Harbour Investments Inc. now owns 149 shares of the company’s stock valued at $45,000 after acquiring an additional 39 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Insider Transactions at Corpay

In other Corpay news, insider Armando Lins Netto sold 2,694 shares of Corpay stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $357.01, for a total transaction of $961,784.94. Following the completion of the sale, the insider directly owned 15,834 shares in the company, valued at $5,652,896.34. The trade was a 14.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 17,201 shares of company stock worth $6,126,597 in the last three months. Insiders own 5.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CPAY. UBS Group raised their price objective on shares of Corpay from $315.00 to $380.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Weiss Ratings upgraded Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Morgan Stanley restated an “overweight” rating and issued a $400.00 target price on shares of Corpay in a research note on Sunday, May 10th. Robert W. Baird decreased their target price on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Finally, Raymond James Financial restated an “outperform” rating and issued a $361.00 target price on shares of Corpay in a research note on Thursday, March 5th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $383.07.

Corpay Trading Up 0.2%

Shares of Corpay stock opened at $348.12 on Monday. Corpay, Inc. has a 1 year low of $252.84 and a 1 year high of $367.43. The firm has a market cap of $22.75 billion, a PE ratio of 20.83, a PEG 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. The company has a 50 day simple moving average of $324.90 and a two-hundred day simple moving average of $318.50.

Corpay (NYSE:CPAY) last announced its earnings results on Thursday, May 7th. The company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.50 by $0.30. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business posted $4.51 earnings per share. Corpay’s revenue for the quarter was up 25.4% on a year-over-year basis. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. Analysts expect that Corpay, Inc. will post 25.49 earnings per share 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.