Allstate Corp Takes $675,000 Position in Corpay, Inc. $CPAY

Allstate Corp bought a new position in Corpay, Inc. (NYSE:CPAY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,343 shares of the company’s stock, valued at approximately $675,000.

Other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its position in Corpay by 4.7% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 695 shares of the company’s stock worth $231,000 after acquiring an additional 31 shares during the period. CVA Family Office LLC lifted its position in shares of Corpay by 56.7% in the second quarter. CVA Family Office LLC now owns 94 shares of the company’s stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Corpay by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 846 shares of the company’s stock worth $281,000 after purchasing an additional 39 shares during the period. Thrivent Financial for Lutherans grew its position in Corpay by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the company’s stock valued at $919,000 after purchasing an additional 39 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Corpay by 19.4% during the second quarter. Blue Trust Inc. now owns 246 shares of the company’s stock valued at $82,000 after purchasing an additional 40 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group cut their target price on shares of Corpay from $340.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Oppenheimer cut their price objective on Corpay from $380.00 to $369.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Corpay in a research note on Monday, December 29th. JPMorgan Chase & Co. dropped their target price on Corpay from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Keefe, Bruyette & Woods reduced their price target on Corpay from $445.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Corpay has an average rating of “Moderate Buy” and a consensus price target of $366.25.

Insider Transactions at Corpay

In other news, Director Steven T. Stull bought 8,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average cost of $314.98 per share, for a total transaction of $2,519,840.00. Following the purchase, the director owned 29,241 shares of the company’s stock, valued at $9,210,330.18. This represents a 37.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.04% of the company’s stock.

Corpay Stock Up 3.3%

Shares of CPAY stock opened at $327.05 on Friday. The stock’s 50 day simple moving average is $306.40 and its 200 day simple moving average is $305.70. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $400.81. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.97 and a beta of 0.84.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.07. Corpay had a return on equity of 37.83% and a net margin of 24.37%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $5.00 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. As a group, research analysts predict that Corpay, Inc. will post 19.76 EPS for the current year.

About Corpay

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.