Rep. April McClain Delaney Buys Corpay, Inc. (NYSE:CPAY) Shares

Representative April McClain Delaney (D-Maryland) recently bought shares of Corpay, Inc. NYSE: CPAY. In a filing disclosed on March 20th, the Representative disclosed that they had bought between $15,001 and $50,000 in Corpay stock on February 28th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Revvity NYSE: RVTY on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of CACI International NYSE: CACI on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 2/27/2025.
• Sold $15,001 - $50,000 in shares of Teledyne Technologies NYSE: TDY on 2/22/2025.
• Purchased $1,001 - $15,000 in shares of Corpay NYSE: CPAY on 2/22/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/22/2025.
• Sold $1,001 - $15,000 in shares of CACI International NYSE: CACI on 2/22/2025.

Corpay Trading Up 0.2 %

Shares of CPAY stock traded up $0.74 during mid-day trading on Tuesday, hitting $358.69. 300,512 shares of the company's stock were exchanged, compared to its average volume of 459,536. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.32 and a beta of 1.25. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The stock has a 50-day simple moving average of $364.61 and a two-hundred day simple moving average of $350.82.

Remove Ads

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Equities analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Institutional Trading of Corpay

Several hedge funds and other institutional investors have recently bought and sold shares of CPAY. Exchange Traded Concepts LLC raised its holdings in shares of Corpay by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock worth $69,000 after purchasing an additional 29 shares during the period. Tealwood Asset Management Inc. lifted its holdings in Corpay by 0.7% in the fourth quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock worth $1,420,000 after acquiring an additional 30 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Corpay by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company's stock valued at $2,018,000 after purchasing an additional 30 shares during the last quarter. IFP Advisors Inc raised its position in shares of Corpay by 2.7% during the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company's stock worth $390,000 after purchasing an additional 30 shares during the period. Finally, Lake Street Advisors Group LLC boosted its position in Corpay by 3.5% during the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company's stock valued at $318,000 after purchasing an additional 32 shares during the period. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CPAY shares. Keefe, Bruyette & Woods lifted their price target on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Morgan Stanley lifted their target price on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. BMO Capital Markets raised their price objective on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Wells Fargo & Company increased their target price on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Finally, Citigroup initiated coverage on shares of Corpay in a research report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $399.71.

Insiders Place Their Bets

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the sale, the director now owns 12,215 shares in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is owned by corporate insiders.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

About Corpay

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.