Corpay, Inc $CPAY Shares Acquired by Sellaronda Global Management LP

by · The Markets Daily

Sellaronda Global Management LP increased its stake in shares of Corpay, Inc (NYSE:CPAY – Free Report) by 19.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 75,000 shares of the corporate payments company’s stock after buying an additional 12,000 shares during the quarter. Corpay accounts for about 14.3% of Sellaronda Global Management LP’s investment portfolio, making the stock its 2nd biggest holding. Sellaronda Global Management LP’s holdings in Corpay were worth $21,824,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. HB Wealth Management LLC lifted its position in Corpay by 1.9% during the 4th quarter. HB Wealth Management LLC now owns 1,741 shares of the corporate payments company’s stock worth $524,000 after acquiring an additional 33 shares during the period. KBC Group NV raised its stake in shares of Corpay by 0.4% in the fourth quarter. KBC Group NV now owns 9,318 shares of the corporate payments company’s stock worth $2,804,000 after purchasing an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Corpay by 4.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock worth $254,000 after purchasing an additional 37 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Corpay by 35.5% during the fourth quarter. Harbour Investments Inc. now owns 149 shares of the corporate payments company’s stock worth $45,000 after purchasing an additional 39 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Corpay by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after buying an additional 39 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPAY has been the topic of several research reports. Wolfe Research reiterated an “outperform” rating and issued a $450.00 price target on shares of Corpay in a report on Wednesday, June 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a report on Sunday, May 10th. Oppenheimer reiterated an “outperform” rating and issued a $388.00 price objective on shares of Corpay in a research note on Friday, May 8th. Weiss Ratings raised shares of Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 27th. Finally, Robert W. Baird decreased their target price on shares of Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $382.54.

Get Our Latest Stock Report on Corpay

Corpay Stock Up 1.6%

Shares of CPAY stock opened at $364.63 on Friday. 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. The stock has a market cap of $23.83 billion, a P/E ratio of 21.82, a P/E/G ratio of 0.98 and a beta of 0.88. Corpay, Inc has a twelve month low of $252.84 and a twelve month high of $374.09.

Corpay (NYSE:CPAY – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. The company had revenue of $5.63 million during the quarter. Corpay had a return on equity of 38.68% and a net margin of 24.60%. As a group, sell-side analysts expect that Corpay, Inc will post 25.49 EPS for the current year.

Insider Buying and Selling at Corpay

In related news, Director Steven T. Stull sold 1,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the sale, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Armando Lins Netto sold 70,476 shares of the firm’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 in the company, valued at approximately $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. Over the last quarter, insiders sold 88,677 shares of company stock valued at $31,304,091. Company insiders own 5.19% of the company’s stock.

Corpay Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CPAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corpay, Inc (NYSE:CPAY – Free Report).