CorpayCPAY
CPAY
About: Corpay Inc is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Its suite of modern payment solutions helps its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings), and payables (e.g. paying vendors). This results in its customers saving time and ultimately spending less.
Employees: 10,500
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
619% more call options, than puts
Call options by funds: $45.7M | Put options by funds: $6.35M
33% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 67
22% more funds holding in top 10
Funds holding in top 10: 9 [Q2] → 11 (+2) [Q3]
14% more capital invested
Capital invested by funds: $17.5B [Q2] → $19.9B (+$2.42B) [Q3]
4% more funds holding
Funds holding: 576 [Q2] → 598 (+22) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 221 | Existing positions reduced: 208
1.62% less ownership
Funds ownership: 93.43% [Q2] → 91.81% (-1.62%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$320
7%
downside
Avg. target
$398
16%
upside
High target
$440
28%
upside
8 analyst ratings
6 positive
75%
2 neutral
25%
0 negative
0%
BMO Capital Rufus Hone 91% 1-year accuracy 21 / 23 met price target | 28%upside $440 | Outperform Maintained | 13 Dec 2024 |
Keefe, Bruyette & Woods Sanjay Sakhrani 55% 1-year accuracy 18 / 33 met price target | 24%upside $425 | Outperform Maintained | 9 Dec 2024 |
Citigroup Peter Christiansen 58% 1-year accuracy 7 / 12 met price target | 25%upside $430 | Buy Maintained | 14 Nov 2024 |
Morgan Stanley James Faucette 77% 1-year accuracy 20 / 26 met price target | 2%upside $350 | Equal-Weight Maintained | 11 Nov 2024 |
Barclays Ramsey El-Assal 69% 1-year accuracy 37 / 54 met price target | 21%upside $415 | Overweight Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 4 articles about CPAY published over the past 30 days
Neutral
Business Wire
1 week ago
Corpay Cross-Border Named the Global FX Partner of UFC
TORONTO--(BUSINESS WIRE)--Corpay, Inc.* (NYSE: CPAY), a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with UFC, the world's premier mixed martial arts (MMA) organization, to become their official and exclusive Global Foreign Exchange (FX) Partner. "UFC has revolutionized the sport of mixed martial arts, and the team at Corpay Cross-Border is excited to be named their exclusive Global FX Partner,” said Brad Loder, Ch.
Neutral
Business Wire
2 weeks ago
Corpay Announces Chief Financial Officer Leaving March 2025 With Plans to Join a Not-For-Profit Organization
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a global S&P 500 corporate payments company announced today its Chief Financial Officer (“CFO”), Tom Panther, will be leaving effective March 15, 2025, to become the CFO of the National Christian Foundation. The company has initiated an executive search to identify a new CFO. “I'd like to thank Tom for his many contributions to Corpay. We wish him the very best as he makes the career pivot to a Christian ministry vocation, and we will wor.
Neutral
Business Wire
2 weeks ago
Corpay Completes Cross-Border Payments Acquisition
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a global S&P 500 corporate payments company, completed the acquisition of GPS Capital Markets, LLC, a business-to-business cross-border solutions provider to upper middle market companies, primarily in the U.S. “We're thrilled to officially welcome GPS to the Corpay family. With the addition of Paymerang and now GPS, we expect our Corporate Payments business to exceed $1.5 billion in revenue in 2025. Our integration planning is well under.
Neutral
PRNewsWire
2 weeks ago
Investment and Growth Planned for Point of Sale at Truck Stops as PDI Technologies Acquires Comdata Merchant Solutions
Comdata retains fuel card and payment acceptance business serving commercial fleets ATLANTA , Dec. 2, 2024 /PRNewswire/ -- PDI Technologies, a global leader delivering powerful solutions and insights that serve as the backbone of the convenience retail and petroleum wholesale ecosystem, today announced its acquisition of the Comdata Merchant Solutions business from Comdata's parent company, Corpay Inc. (NYSE: CPAY). This includes the Point of Sale (POS) hardware, software, and systems that enable transactions at the site level for truck stops and unattended commercial fueling locations.
Positive
Zacks Investment Research
1 month ago
Corpay Stock Gains 58% in a Year: Here's What You Should Know
CPAY has been consistently pursuing acquisitions and investments to increase its customer base, workforce and operational capabilities.
Neutral
Business Wire
1 month ago
Corpay Cross-Border Extends Partnership with World Aquatics
TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into a multi-year agreement to extend their successful collaboration with World Aquatics as their Official FX Payments Supplier. Corpay Cross-Border has provided a range of corporate foreign exchange payments solutions for World Aquatics, the global governing body of six aquatic disciplines – Swimming, Water Polo, Diving, High Diving.
Positive
Zacks Investment Research
1 month ago
Corpay Earnings & Revenues Surpass Estimates in Q3, Rise Y/Y
CPAY's third-quarter 2024 top line gains from the significant rise in Corporate payments.
Neutral
Business Wire
1 month ago
Corpay to Participate in Upcoming Investor Conferences
ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a corporate payments company, today announced that the Company will participate in the following investor conferences: On Wednesday, November 13, 2024, Tom Panther, Chief Financial Officer, and Jim Eglseder, SVP, Global Investor Relations, will be attending the KBW Fintech Conference in New York, NY. Mr. Panther will participate in a fireside chat beginning at 3:15 PM ET. On Tuesday, December 3, 2024, Tom Panther, Chief Financial Officer, and.
Neutral
Seeking Alpha
1 month ago
Corpay, Inc. (CPAY) Q3 2024 Earnings Call Transcript
Corpay, Inc. (NYSE:CPAY ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Jim Eglseder - Head, Investor Relations Ron Clarke - Chairman & Chief Executive Officer Tom Panther - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Nate Svensson - Deutsche Bank Dave Koning - Baird Sanjay Sakhrani - KBW Peter Christiansen - Citi Rufus Hone - BMO Capital Markets Operator Good day, everyone, and welcome to today's Corpay Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, Corpay (CPAY) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Corpay (CPAY) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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