Waverly Advisors 13F: Adds $158K to Corpay (CPAY) Stake

Waverly Advisors Raises Stake in Corpay

Waverly Advisors reported a modest increase in its investment in Corpay, Inc. CPAY according to a Form 13F filing with the SEC covering the period ended May 15, 2026. The firm boosted its position by acquiring 473 additional shares, which worked out to a 1.3% increase from the prior quarter. This buying brought the firm's total ownership to 35,653 shares, with a reported value of about $11.88 million based on the filing disclosures.

Corpay Shares Trade Below Recent Averages

At publication on Saturday, Corpay shares traded near $333.27. That price places the stock well beneath its 50-day moving average of $396.28, though it remains comfortably above its 200-day moving average of $342.83. The company has moved within a 52-week range spanning from a low of $252.84 up to a high of $427.46. With a trailing price-to-earnings ratio of 24.18, the business continues to trade against a backdrop of varied technical signals.

Recent Earnings Highlight Steady Growth

Corpay posted robust fundamentals in its recent financial updates, reporting $5.02 billion in total revenue alongside a healthy revenue growth rate of 21.5%. The payments processor also achieved a net margin of 22.7% and a return on equity of 29.2%. Investors will look toward the company's next earnings report, scheduled for November 4, 2026, for further insight into operational performance.

Insider Buying and Selling at Corpay, Inc.

Corporate insiders have also been active in trading company shares. On June 15, 2026, Netto Armando Lins, Group President of Brazil & US Vehicle Payment, executed transactions involving 70,476 shares. One transaction recorded a purchase at an average price of $222.30 per share for a value of approximately $15.67 million, while another transaction reported a disposition of shares at zero dollars.

Wall Street Analysts Adjust Targets

Wall Street firms have actively reviewed their outlooks on the stock in recent weeks. On September 2, 2026, Scotiabank initiated coverage on the stock with a Sector Outperform rating and a $536.00 price target. Earlier, on August 31, 2026, RBC Capital maintained a Sector Perform rating while adjusting its price target to $438.00. Wolfe Research also maintained an Outperform rating with a $530.00 price target on August 25, 2026. Overall, the company holds a consensus buy rating with a mean price target of $461.00 derived from 15 analyst opinions.

Inside the Payments and Expenses Business

Corpay operates as a specialized payments company that helps businesses and consumers manage expenses across corporate payments, vehicle fuel, lodging, and other specialized segments. Formally known as FLEETCOR Technologies before changing its name, the Atlanta-based company serves commercial clients worldwide. Institutional adjustments like the one from Waverly Advisors reflect ongoing portfolio tweaks rather than immediate operational shifts.

What to Watch Next for Corpay

As 13F filings are backward-looking documents that reflect holdings at a specific historical date, they may not capture the investor's current position. Market participants will monitor upcoming earnings releases in November and watch how the stock behaves relative to its moving averages. No investment recommendation is implied by these regulatory disclosures.