Corpay, Inc $CPAY Shares Acquired by Hendershot Investments Inc.

Hendershot Investments Inc. increased its position in shares of Corpay, Inc (NYSE:CPAY) by 21.6% in the 1st quarter, HoldingsChannel reports. The firm owned 53,258 shares of the corporate payments company’s stock after purchasing an additional 9,446 shares during the period. Corpay comprises approximately 2.1% of Hendershot Investments Inc.’s holdings, making the stock its 17th largest position. Hendershot Investments Inc.’s holdings in Corpay were worth $15,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CPAY. MV Capital Management Inc. purchased a new stake in Corpay in the 4th quarter valued at approximately $25,000. Leonteq Securities AG purchased a new position in shares of Corpay during the 4th quarter worth approximately $27,000. BOKF NA raised its stake in shares of Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after buying an additional 94 shares in the last quarter. Torren Management LLC purchased a new position in shares of Corpay during the 4th quarter worth approximately $29,000. Finally, DV Equities LLC acquired a new stake in shares of Corpay in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction 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 completion of the transaction, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the sale, the director owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by insiders.

Corpay Trading Down 0.1%

Shares of Corpay stock opened at $352.24 on Friday. The company has a 50-day moving average of $345.80 and a two-hundred day moving average of $327.38. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $367.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. The stock has a market cap of $23.02 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 0.96 and a beta of 0.88.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The firm had revenue of $5.63 million for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. On average, research analysts anticipate that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Loop Capital started coverage on Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 price objective for the company. Oppenheimer reissued an “outperform” rating and issued a $388.00 target price on shares of Corpay in a report on Friday, May 8th. Robert W. Baird decreased their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price target on shares of Corpay in a research note on Sunday, May 10th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Corpay currently has an average rating of “Moderate Buy” and an average price target of $383.07.

Corpay Company 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.

Corpay operates as part of the broader financial technology and payment processing sector.