Corpay, Inc $CPAY Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Corpay, Inc (NYSE:CPAY) by 3.1% in the first quarter, HoldingsChannel reports. The firm owned 782,500 shares of the corporate payments company’s stock after purchasing an additional 23,646 shares during the period. Dimensional Fund Advisors LP’s holdings in Corpay were worth $227,695,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new stake in Corpay during the 4th quarter worth approximately $25,000. Leonteq Securities AG acquired a new position in shares of Corpay in the 4th quarter valued at approximately $27,000. BOKF NA boosted 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 valued at $28,000 after buying an additional 94 shares during the last quarter. Torren Management LLC purchased a new position in shares of Corpay during the 4th quarter valued at approximately $29,000. Finally, DV Equities LLC acquired a new stake in shares of Corpay during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Price Performance

Shares of CPAY opened at $364.63 on Friday. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 0.98 and a beta of 0.88. The stock has a 50 day moving average of $350.25 and a 200-day moving average of $333.33. 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 52 week low of $252.84 and a 52 week high of $374.09.

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

Insiders Place Their Bets

In other Corpay news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction 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 of the company’s stock, valued at $10,188,787.98. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Armando Lins Netto sold 70,476 shares of the business’s 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 sale, the insider 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPAY. Robert W. Baird dropped their price target on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Loop Capital started coverage on shares of Corpay in a research note on Monday, May 18th. They set a “buy” rating and a $406.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and set a $400.00 price objective on shares of Corpay in a report on Sunday, May 10th. Wolfe Research reissued an “outperform” rating and set a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $382.54.

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.