Citigroup Inc. Purchases 22,401 Shares of Corpay, Inc. $CPAY

Citigroup Inc. grew its position in Corpay, Inc. (NYSE:CPAY) by 35.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,004 shares of the company’s stock after buying an additional 22,401 shares during the period. Citigroup Inc. owned approximately 0.12% of Corpay worth $24,774,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Corpay during the third quarter worth about $40,000. Mather Group LLC. acquired a new stake in shares of Corpay during the third quarter worth about $49,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Corpay during the second quarter worth about $63,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Corpay by 100.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 200 shares of the company’s stock valued at $58,000 after purchasing an additional 100 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Corpay in the 2nd quarter valued at approximately $68,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling

In other Corpay news, CAO Alissa B. Vickery sold 1,701 shares of the company’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 value of $610,063.65. Following the sale, the chief accounting officer owned 2,180 shares in the company, valued at $781,857. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven T. Stull acquired 8,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was acquired at an average cost of $314.98 per share, with a total value 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. 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 insiders.

Analyst Ratings Changes

Several brokerages have commented on CPAY. Weiss Ratings restated a “hold (c+)” rating on shares of Corpay in a report on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Scotiabank raised Corpay to a “sector outperform” rating in a research report on Monday, January 26th. Cantor Fitzgerald increased their price objective on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, Royal Bank Of Canada boosted their target price on Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $379.79.

Corpay Price Performance

NYSE:CPAY opened at $330.78 on Thursday. The stock has a market capitalization of $23.14 billion, a PE ratio of 21.99, a P/E/G ratio of 0.98 and a beta of 0.82. Corpay, Inc. has a 1-year low of $252.84 and a 1-year high of $377.56. The firm has a fifty day simple moving average of $323.22 and a 200 day simple moving average of $306.25. 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 (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $6.04 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.11. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Corpay had a net margin of 23.62% and a return on equity of 37.13%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $5.36 earnings per share. 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 expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Corpay Company 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.