Corpay (NYSE:CPAY) Hits New 12-Month High – Here’s Why

Corpay, Inc (NYSE:CPAY) hit a new 52-week high on Wednesday . The company traded as high as $367.61 and last traded at $368.9760, with a volume of 30914 shares. The stock had previously closed at $356.16.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CPAY shares. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Corpay from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Robert W. Baird decreased their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Wolfe Research restated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research report on Wednesday, June 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price objective on shares of Corpay in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and a consensus target price of $382.54.

Corpay Stock Up 2.5%

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 50 day simple moving average of $349.08 and a 200 day simple moving average of $331.71. The firm has a market capitalization of $24.33 billion, a PE ratio of 22.27, a PEG ratio of 0.99 and a beta of 0.88.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The company had revenue of $5.63 million for the quarter. As a group, sell-side analysts forecast that Corpay, Inc will post 25.49 earnings per share for the current year.

Insiders Place Their Bets

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the completion of the sale, the insider owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This represents a 86.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the sale, the director directly owned 28,241 shares of the company’s stock, valued at $10,188,787.98. The trade was a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 over the last quarter. 5.19% of the stock is currently owned by company insiders.

Institutional Trading of Corpay

Several large investors have recently modified their holdings of CPAY. MV Capital Management Inc. purchased a new position in Corpay during the 4th quarter valued at about $25,000. Leonteq Securities AG purchased a new stake in Corpay in the 4th quarter worth approximately $27,000. Axiom Investment Management LLC bought a new stake in shares of Corpay in the 1st quarter worth approximately $27,000. BOKF NA grew its position in shares of Corpay by 4,700.0% in 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 during the last quarter. Finally, Torren Management LLC purchased a new position in shares of Corpay during the fourth quarter valued at approximately $29,000. 98.84% of the stock is owned by institutional investors.

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.