CorpayCPAY
Market Cap: $21.3B
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
21% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 73
3% more funds holding
Funds holding: 557 [Q1] → 572 (+15) [Q2]
1.53% more ownership
Funds ownership: 91.19% [Q1] → 92.72% (+1.53%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 197 | 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 (-$2.85B) [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 64% 1-year accuracy 32 / 50 met price target | 15%upside $353 | Overweight Maintained | 20 Aug 2024 |
RBC Capital Daniel Perlin 70% 1-year accuracy 38 / 54 met price target | 1%upside $310 | Sector Perform Reiterated | 8 Aug 2024 |
B of A Securities | 1%upside $310 | Buy Maintained | 8 Aug 2024 |
Raymond James | 1%upside $311 | Outperform Maintained | 8 Aug 2024 |
JP Morgan Tien-Tsin Huang 64% 1-year accuracy 32 / 50 met price target | 6%upside $327 | Overweight Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 8 articles about CPAY published over the past 30 days