Corpay, Inc $CPAY Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its holdings in Corpay, Inc (NYSE:CPAY) by 26.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,449 shares of the corporate payments company’s stock after purchasing an additional 1,963 shares during the period. PNC Financial Services Group Inc.’s holdings in Corpay were worth $2,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new position in Corpay in the fourth quarter worth approximately $25,000. Leonteq Securities AG acquired a new stake in shares of Corpay during the 4th quarter valued at $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 worth $28,000 after acquiring an additional 94 shares in the last quarter. Torren Management LLC bought a new stake in shares of Corpay during the 4th quarter worth $29,000. Finally, DV Equities LLC acquired a new position in shares of Corpay in the 4th quarter worth $30,000. 98.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Corpay news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the transaction, the insider owned 11,274 shares in the company, valued at $3,969,913.62. This represents a 86.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 88,677 shares of company stock worth $31,304,091. Company insiders own 5.19% of the company’s stock.

Corpay Price Performance

CPAY opened at $384.54 on Wednesday. The stock has a fifty day moving average of $351.77 and a 200-day moving average of $334.78. The firm has a market capitalization of $25.13 billion, a P/E ratio of 23.01, a PEG ratio of 1.03 and a beta of 0.88. Corpay, Inc has a 12-month low of $252.84 and a 12-month high of $389.25. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

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 business had revenue of $5.63 million for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. Equities analysts forecast that Corpay, Inc will post 25.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Corpay from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Tuesday. Robert W. Baird decreased their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Corpay in a research note on Friday. Wolfe Research restated an “outperform” rating and set a $450.00 price objective on shares of Corpay in a report on Wednesday, June 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $388.00 price objective on shares of Corpay in a research note 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $383.69.

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.