Crossmark Global Holdings Inc. Lowers Stock Holdings in Corpay, Inc. $CPAY

Crossmark Global Holdings Inc. reduced its holdings in Corpay, Inc. (NYSE:CPAY) by 83.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,280 shares of the company’s stock after selling 6,637 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Corpay were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Corpay by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,182,672 shares of the company’s stock worth $2,357,100,000 after buying an additional 58,235 shares during the last quarter. Orbis Allan Gray Ltd increased its stake 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 last quarter. Boston Partners lifted its holdings in shares of Corpay by 5.8% during 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 during the period. Invesco Ltd. boosted its position in shares of 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 acquiring an additional 84,198 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Corpay by 3.5% in the second quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock worth $619,643,000 after acquiring an additional 63,287 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Stock Performance

Shares of CPAY stock opened at $330.55 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $327.05 and its two-hundred day moving average price is $307.02. The firm has a market capitalization of $23.12 billion, a P/E ratio of 21.98, a P/E/G ratio of 0.95 and a beta of 0.80. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $361.99.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 4th. The company reported $6.04 earnings per share for the quarter, beating 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 firm earned $5.36 earnings per share. The company’s revenue 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. On average, research analysts anticipate that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Corpay in a report on Monday, December 29th. Morgan Stanley lifted their price target on shares of Corpay from $379.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Raymond James Financial reissued an “outperform” rating and set a $361.00 price objective on shares of Corpay in a research note on Thursday, March 5th. Scotiabank upgraded Corpay to a “sector outperform” rating in a report on Monday, January 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $378.00 target price on shares of Corpay in a research report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.57.

Insider Buying and Selling

In other Corpay news, CAO Alissa B. Vickery sold 1,701 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $358.65, for a total transaction of $610,063.65. Following the completion of the sale, the chief accounting officer owned 2,180 shares in the company, valued at $781,857. This trade represents a 43.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven T. Stull acquired 8,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were acquired at an average price of $314.98 per share, for a total transaction of $2,519,840.00. Following the completion of the acquisition, the director directly 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 SEC filing for this purchase provides additional information. 5.04% of the stock is owned by company insiders.

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.