Corpay (NYSE:CPAY) Insider Sells $24,816,713.88 in Stock

by · The Cerbat Gem

Corpay, Inc. (NYSE:CPAY – Get Free Report) 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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Armando Lins Netto also recently made the following trade(s):

  • On Friday, May 29th, Armando Lins Netto sold 2,694 shares of Corpay stock. The stock was sold at an average price of $357.01, for a total value of $961,784.94.
  • On Thursday, May 28th, Armando Lins Netto sold 14,089 shares of Corpay stock. The shares were sold at an average price of $356.05, for a total value of $5,016,388.45.
  • On Wednesday, May 27th, Armando Lins Netto sold 418 shares of Corpay stock. The shares were sold at an average price of $355.08, for a total value of $148,423.44.

Corpay Trading Up 2.1%

Shares of CPAY traded up $7.39 during trading hours on Tuesday, reaching $360.86. The stock had a trading volume of 543,302 shares, compared to its average volume of 526,056. The firm has a 50-day moving average of $333.73 and a 200 day moving average of $321.95. The company has a market cap of $23.59 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.97 and a beta of 0.86. 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, Inc. has a 52 week low of $252.84 and a 52 week high of $367.43.

Corpay (NYSE:CPAY – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.50 by $0.30. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the firm earned $4.51 earnings per share. Corpay has set its FY 2026 guidance at 26.300-27.100 EPS and its Q2 2026 guidance at 6.450-6.650 EPS. On average, sell-side analysts expect that Corpay, Inc. will post 25.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPAY shares. Wall Street Zen upgraded shares of Corpay from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of Corpay in a research report on Sunday, May 10th. Robert W. Baird lowered their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Wolfe Research reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Corpay in a report on Wednesday, June 3rd. Finally, Oppenheimer restated an “outperform” rating and issued a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Corpay currently has an average rating of “Moderate Buy” and an average target price of $383.07.

Get Our Latest Research Report on Corpay

Hedge Funds Weigh In On Corpay

A number of hedge funds and other institutional investors have recently made changes to their positions in CPAY. Glenmede Trust Co. NA increased its position in Corpay by 39.7% during the first quarter. Glenmede Trust Co. NA now owns 80,048 shares of the company’s stock valued at $23,293,000 after acquiring an additional 22,767 shares during the last quarter. Axiom Investment Management LLC purchased a new position in Corpay in the 1st quarter worth $27,000. Western Wealth Management LLC purchased a new position in Corpay in the first quarter valued at $36,000. Bank of America Corp DE boosted its stake in Corpay by 0.6% in the first quarter. Bank of America Corp DE now owns 364,102 shares of the company’s stock valued at $105,950,000 after acquiring an additional 2,131 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Corpay by 2.3% during the 1st quarter. Janus Henderson Group PLC now owns 8,784 shares of the company’s stock worth $2,559,000 after purchasing an additional 199 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

About Corpay

(Get Free Report)

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.

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