Principal Financial Group Inc. Reduces Stock Holdings in Corpay, Inc. $CPAY

Principal Financial Group Inc. lowered its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,970 shares of the company’s stock after selling 4,617 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Corpay worth $22,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Corpay by 3.2% during the second quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock valued at $2,695,851,000 after buying an additional 251,651 shares during the last quarter. Orbis Allan Gray Ltd grew its position in shares of Corpay by 3.3% during the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock valued at $1,279,362,000 after acquiring an additional 124,368 shares during the period. Boston Partners increased its stake in shares of Corpay by 5.8% in the 2nd quarter. Boston Partners now owns 2,289,271 shares of the company’s stock worth $758,536,000 after purchasing an additional 125,331 shares in the last quarter. Invesco Ltd. raised its holdings in Corpay by 4.4% in the 2nd quarter. Invesco Ltd. now owns 1,978,930 shares of the company’s stock worth $656,649,000 after purchasing an additional 84,198 shares during the period. Finally, Geode Capital Management LLC lifted its position in Corpay by 3.5% during the second quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock valued at $619,643,000 after purchasing an additional 63,287 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Stock Up 5.4%

Shares of CPAY stock opened at $352.98 on Friday. The company’s fifty day simple moving average is $313.85 and its two-hundred day simple moving average is $304.61. Corpay, Inc. has a 52 week low of $252.84 and a 52 week high of $391.28. The stock has a market cap of $24.69 billion, a P/E ratio of 23.47, a PEG ratio of 1.08 and a beta of 0.82. The company has a quick ratio of 1.13, a current ratio of 0.98 and a debt-to-equity ratio of 1.70.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.11. Corpay had a return on equity of 37.13% and a net margin of 23.62%.The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $5.36 earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. Analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Corpay news, Director Steven T. Stull purchased 8,000 shares of Corpay stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of $314.98 per share, for a total transaction of $2,519,840.00. Following the completion of the transaction, the director owned 29,241 shares of the company’s stock, valued at approximately $9,210,330.18. This trade represents a 37.66% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.04% of the company’s stock.

Key Stories Impacting Corpay

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Q4 beat — Corpay reported Q4 EPS of $6.04 and revenue of ~$1.25B, topping consensus and showing ~20.7% revenue growth year-over-year; earnings strength and margin expansion were cited on the call. Corpay’s Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Big-bank upgrades — JPMorgan raised its price target to $390 and keeps an overweight stance, signaling confidence in the company’s growth trajectory and upside potential. Corpay Price Target Raised to $390 at JPMorgan Chase & Co.
• Positive Sentiment: Morgan Stanley lift — Morgan Stanley also bumped its target to $390 and maintains an overweight rating, reinforcing the bullish analyst tone. Corpay price target raised by Morgan Stanley
• Positive Sentiment: Portfolio focus — Corpay agreed to sell PayByPhone (non-core vehicle payments asset), underscoring a strategic shift toward higher-growth corporate payments and cleaner portfolio mix. Investors view the move as sharpening the company’s corporate-payments focus. Corpay Refines Portfolio As PayByPhone Sale Highlights Corporate Payments Focus
• Positive Sentiment: Operational momentum — Coverage pieces and a deep-dive note highlight acquisitions and corporate-payments growth as drivers of positive momentum and re-rating potential. CPAY Q4 Deep Dive: Acquisitions and Corporate Payments Drive Positive Momentum
• Positive Sentiment: Investor theses — Independent bullish commentary argues Corpay is underappreciated as a payments infrastructure business rather than a commodity payments provider, supporting a longer-term upside case. Corpay, Inc. (CPAY): A Bull Case Theory
• Neutral Sentiment: RBC raised its target to $363 with a sector-perform rating — another upward revision but less bullish than the $390 targets, reflecting some analyst dispersion on valuation. Corpay price target raised by RBC Capital
• Negative Sentiment: Mizuho’s take is more cautious — Mizuho raised its target to $340 but kept a neutral rating; that target sits below current levels, implying limited near-term upside from that shop. Corpay price target raised by Mizuho
• Negative Sentiment: Near-term guidance miss — Corpay set Q1 FY2026 EPS guidance of $5.38–$5.52, below the consensus (~$5.82), which introduces some short-term uncertainty despite a stronger FY outlook. (Guidance disclosed in earnings release)

Analyst Ratings Changes

A number of analysts have commented on the company. Mizuho upped their price target on Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday. Scotiabank raised shares of Corpay to a “sector outperform” rating in a report on Monday, January 26th. Jefferies Financial Group reiterated a “buy” rating on shares of Corpay in a research report on Monday, November 3rd. JPMorgan Chase & Co. raised their price objective on shares of Corpay from $350.00 to $390.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Oppenheimer restated an “outperform” rating and set a $378.00 target price on shares of Corpay in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $373.00.

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.