Steamboat Capital Partners LLC Trims Position in Corpay, Inc $CPAY

Steamboat Capital Partners LLC lowered its stake in Corpay, Inc (NYSE:CPAY) by 14.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,778 shares of the corporate payments company’s stock after selling 5,222 shares during the period. Corpay accounts for approximately 2.1% of Steamboat Capital Partners LLC’s holdings, making the stock its 15th biggest holding. Steamboat Capital Partners LLC’s holdings in Corpay were worth $9,924,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in shares of Corpay during the 4th quarter valued at about $25,000. Leonteq Securities AG bought a new stake in Corpay during the 4th quarter valued at approximately $27,000. Axiom Investment Management LLC bought a new stake in shares of Corpay during the first quarter valued at approximately $27,000. BOKF NA boosted its holdings 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 in the last quarter. Finally, DV Equities LLC bought a new stake in Corpay during the fourth quarter worth about $30,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Armando Netto sold 70,476 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven Stull sold 2,357 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $413.62, for a total transaction of $974,902.34. Following the transaction, the director owned 21,241 shares in the company, valued at $8,785,702.42. This trade represents a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 291,336 shares of company stock valued at $116,212,228 over the last ninety days. 5.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CPAY shares. Robert W. Baird set a $475.00 target price on Corpay in a research note on Thursday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Corpay in a research report on Friday, July 24th. UBS Group lifted their target price on shares of Corpay from $385.00 to $415.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods raised their price target on Corpay from $400.00 to $470.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $438.93.

Corpay Trading Down 2.3%

Shares of Corpay stock opened at $406.94 on Wednesday. Corpay, Inc has a fifty-two week low of $252.84 and a fifty-two week high of $427.46. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $26.72 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.14 and a beta of 0.87. The company has a fifty day moving average of $388.31 and a 200 day moving average of $350.49.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business posted $5.13 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. 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, sell-side analysts anticipate that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

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.