CorpayCPAY
Market Cap: $21B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
316% more call options, than puts
Call options by funds: $54.9M | Put options by funds: $13.2M
19% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 73
3% more funds holding
Funds holding: 556 [Q1] → 570 (+14) [Q2]
1.52% more ownership
Funds ownership: 91.19% [Q1] → 92.71% (+1.52%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 216
10% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 9 (-1) [Q2]
14% less capital invested
Capital invested by funds: $20.2B [Q1] → $17.4B (-$2.86B) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 17%upside $353 | Overweight Maintained | 20 Aug 2024 |
RBC Capital Daniel Perlin 70% 1-year accuracy 38 / 54 met price target | 2%upside $310 | Sector Perform Reiterated | 8 Aug 2024 |
B of A Securities | 2%upside $310 | Buy Maintained | 8 Aug 2024 |
Raymond James | 3%upside $311 | Outperform Maintained | 8 Aug 2024 |
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 8%upside $327 | Overweight Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 9 articles about CPAY published over the past 30 days