Fox Run Management L.L.C. Takes Position in Corpay, Inc. $CPAY

Fox Run Management L.L.C. purchased a new stake in Corpay, Inc. (NYSE:CPAY) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,260 shares of the company’s stock, valued at approximately $1,515,000.

A number of other hedge funds have also added to or reduced their stakes in CPAY. Norges Bank purchased a new stake in shares of Corpay in the 2nd quarter worth about $266,246,000. Vanguard Group Inc. lifted its holdings in Corpay by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock worth $2,695,851,000 after buying an additional 251,651 shares during the period. Boston Partners raised its position 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 acquiring an additional 125,331 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in Corpay by 3.3% in the second quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock worth $1,279,362,000 after purchasing an additional 124,368 shares during the period. Finally, Invesco Ltd. grew its stake in Corpay by 4.4% in the second 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. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Stock Up 1.9%

Corpay stock opened at $338.94 on Wednesday. The firm has a market cap of $23.71 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 0.96 and a beta of 0.82. The company has a current ratio of 0.98, a quick ratio of 1.13 and a debt-to-equity ratio of 1.70. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $377.56. The stock has a fifty day simple moving average of $322.78 and a two-hundred day simple moving average of $306.08.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, February 4th. The company reported $6.04 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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $5.36 EPS. Corpay’s revenue for the quarter was up 20.7% on a year-over-year basis. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. Equities analysts predict that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CPAY shares. Cantor Fitzgerald upped their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. boosted their price target on Corpay from $350.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Corpay in a research note on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Finally, Mizuho lifted their price target on Corpay from $320.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Corpay has an average rating of “Moderate Buy” and a consensus price target of $379.79.

Insider Buying and Selling

In other news, Director Steven T. Stull acquired 8,000 shares of Corpay stock in a transaction that occurred on Friday, December 12th. The stock was 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 in the company, valued at $9,210,330.18. The trade was a 37.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Alissa B. Vickery sold 1,701 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $358.65, for a total value of $610,063.65. Following the sale, the chief accounting officer owned 2,180 shares of the company’s stock, valued at approximately $781,857. This represents a 43.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.04% of the company’s stock.

Corpay Profile

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.