Bull Harbor Capital LLC Makes New Investment in Corpay, Inc $CPAY

Bull Harbor Capital LLC acquired a new position in shares of Corpay, Inc (NYSE:CPAY) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,346 shares of the corporate payments company’s stock, valued at approximately $392,000.

Other large investors also recently made changes to their positions in the company. MV Capital Management Inc. bought a new position in shares of Corpay in the fourth quarter valued at $25,000. Leonteq Securities AG bought a new stake in Corpay during the fourth quarter worth $27,000. BOKF NA raised its position in Corpay by 4,700.0% during the third 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 acquired a new stake in Corpay in the fourth quarter valued at $29,000. Finally, DV Equities LLC acquired a new stake in Corpay in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Transactions at Corpay

In related news, 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 transaction, the insider owned 11,274 shares in the company, valued at approximately $3,969,913.62. This represents a 86.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares in the company, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Morgan Stanley lifted their price objective on shares of Corpay from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corpay in a report on Friday, July 24th. Oppenheimer reiterated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Loop Capital started coverage on Corpay in a report on Monday, May 18th. They set a “buy” rating and a $406.00 price target for the company. Finally, Wolfe Research reissued an “outperform” rating and set a $450.00 price target on shares of Corpay in a research report on Wednesday, June 3rd. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Corpay currently has an average rating of “Moderate Buy” and a consensus price target of $383.69.

Corpay Trading Down 1.7%

Shares of Corpay stock opened at $383.56 on Friday. The business has a fifty day simple moving average of $353.70 and a two-hundred day simple moving average of $336.11. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $395.49. The company has a market capitalization of $25.07 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.06 and a beta of 0.88. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $5.63 million for the quarter. Research analysts forecast that Corpay, Inc will post 25.48 EPS for the current year.

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.