Corpay (NYSE:CPAY) Research Coverage Started at Scotiabank

Scotiabank assumed coverage on shares of Corpay (NYSE:CPAY) in a research report sent to investors on Wednesday morning, MarketBeat reports. The brokerage issued a sector outperform rating and a $536.00 price objective on the corporate payments company’s stock.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $442.00 target price on shares of Corpay in a report on Thursday, August 6th. Robert W. Baird set a $475.00 price objective on shares of Corpay in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Morgan Stanley set a $455.00 price objective on shares of Corpay in a research note on Friday, August 7th. Finally, Cantor Fitzgerald upped their target price on shares of Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $438.93.

Corpay Trading Down 0.9%

NYSE:CPAY opened at $416.09 on Wednesday. The stock’s 50 day moving average price is $386.15 and its 200 day moving average price is $348.93. The company has a market capitalization of $27.32 billion, a PE ratio of 25.33, a P/E/G ratio of 1.15 and a beta of 0.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70. Corpay has a 52-week low of $252.84 and a 52-week high of $427.46.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.58 by $0.42. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. On average, research analysts anticipate that Corpay will post 25.75 EPS for the current year.

Insider Transactions at Corpay

In related news, Director Steven T. Stull sold 2,357 shares of Corpay stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total value of $974,902.34. Following the transaction, the director directly owned 21,241 shares in the company, valued at $8,785,702.42. This trade represents a 9.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ronald Clarke sold 119,486 shares of Corpay stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the completion of the transaction, the chief executive officer owned 2,354,330 shares in the company, valued at approximately $970,925,692. This trade represents a 4.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 291,336 shares of company stock worth $116,212,228 over the last 90 days. 5.19% of the stock is currently owned by insiders.

Institutional Trading of Corpay

Hedge funds have recently made changes to their positions in the company. MV Capital Management Inc. acquired a new position in shares of Corpay during the fourth quarter worth about $25,000. Leonteq Securities AG acquired a new stake in Corpay in the fourth quarter valued at about $27,000. Axiom Investment Management LLC acquired a new stake in Corpay in the first quarter valued at about $27,000. BOKF NA boosted its holdings in Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after purchasing an additional 94 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in Corpay in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.