Wolfe Research upgraded Corpay from Underperform to Peer Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/28/2025 | Perform | Oppenheimer | |
| 1/14/2025 | $430.00 | Buy | Citigroup |
| 1/8/2025 | $420.00 | Peer Perform → Outperform | Wolfe Research |
| 9/3/2024 | Underperform → Peer Perform | Wolfe Research | |
| 6/5/2024 | $285.00 | Equal Weight | Wells Fargo |
| 5/17/2024 | $295.00 | Peer Perform → Underperform | Wolfe Research |
Solid start to the year with over $1 billion in revenues Announced deals with Mastercard and AvidXchange Corpay, Inc. (NYSE:CPAY), a corporate payments company, today reported financial results for its first quarter ended March 31, 2025. "Our first quarter results were right in-line with our expectations. First quarter 2025 organic revenue growth was 9% and within that, our Corporate Payments segment grew 19%," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "Our fundamental trends: retention, same store sales and sales/new bookings, were very strong. Also, last week we announced an exciting investment and strategic partnership with Mastercard, and today we announced
CHARLOTTE, N.C., May 06, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX) ("AvidXchange" or the "Company"), a leading provider of accounts payable (AP) automation software and payment solutions, today announced that it has entered into a definitive agreement to be acquired by TPG (NASDAQ:TPG), a global alternative asset management firm, in partnership with Corpay, a global leader in corporate payments. TPG and Corpay will acquire AvidXchange for $10.00 per share in a cash transaction that values AvidXchange at $2.2 billion. TPG will acquire a majority interest in AvidXchange through TPG Capital, the firm's U.S. and European private equity platform. Corpay will acquire a mi
Corpay, Inc., (NYSE:CPAY) a global leader in corporate payments, today announced that the Company will host a conference call to discuss first quarter 2025 financial results on Tuesday, May 6, 2025 at 5:00 pm ET. Hosting the call will be Ron Clarke, Chief Executive Officer, Alissa Vickery, Interim Chief Financial Officer and Jim Eglseder, Investor Relations. A press release with first quarter financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.corpay.com/. The conference call can also be accessed live over the phone by dialing (800)-445-7795 or (785)-424-1699; the Conference I
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Corpay and MLS to Combine Efforts to Enhance Currency Risk Management and Cross-Border Payments Solutions Practices 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 with Major League Soccer (MLS) to become the league's Official Foreign Exchange (FX) Provider. Through this collaboration, MLS will have access to Corpay Cross Border's innovative solutions to help mitigate foreign exchange exposure from day-to-day business needs. Additionally, Corpay Cross-Border's award-winning platform will enable the league to manage global payments from a single point of access. "The Cor
Corpay Ranked as #39 Among the Top 100 Global Companies Recognized for Employee Sentiment and Satisfaction Newsweek Magazine recently announced the 2025 Top 100 Global Most Loved Workplaces®, developed in partnership with Most Loved Workplace®, a division of Best Practice Institute (BPI). – Corpay, Inc. (NYSE:CPAY), a leading corporate payments company, was ranked #39 on this prestigious list, which highlights companies across the globe where employees genuinely love to work. The Top 100 Global Most Loved Workplaces® list is based on research from BPI's Love of Workplace Index®, drawing on data from more than two million employees worldwide. Companies featured have demonstrated extraord
Longstanding partnership supports shared customer S.T. Wooten with seamless, secure payment workflows. ATLANTA and SCOTTSDALE, Ariz., May 19, 2025 /PRNewswire/ -- Corpay, a global leader in business payments, and Computer Guidance Corporation, a leading provider of construction enterprise resource planning (ERP) software, today announced the release of a new joint case study showcasing the impact of their integrated accounts payable (AP) automation solution for mutual customer, S.T. Wooten. For years, the two organizations have partnered to help construction firms modernize and streamline their back-office operations. Through the eCMS Connect for Corpay integration, customers gain the abili
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Oppenheimer initiated coverage of Corpay with a rating of Perform
Citigroup resumed coverage of Corpay with a rating of Buy and set a new price target of $430.00
Wolfe Research upgraded Corpay from Peer Perform to Outperform and set a new price target of $420.00
Veteran Technology Leader Brings Wealth of Experience to the Guidewire Board of Directors Guidewire (NYSE:GWRE) today announced that it appointed Jeff Sloan to its Board of Directors effective January 21, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250127535286/en/Jeff Sloan joins Guidewire Software's Board of Directors. (Photo: Business Wire) "We are very excited to welcome Jeff Sloan to the Guidewire Board of Directors. With Guidewire Cloud Platform now established as the trusted platform used by P&C insurers globally, we are uniquely positioned to partner with insurers to drive continued growth and innovation. Jeff
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 work closely together as part of the transition to his successor," said Ron Clarke, Chairman and CEO. "It has been a tremendous experience serving as Corpay's CFO along-side its talented employees. Corpay is well-positioned to cap
Corpay, Inc. (NYSE:CPAY), a corporate payments company, announced today the appointment of Mike Jeffrey, a former Paychex senior sales executive, to the newly established role of USA Chief Revenue Officer (CRO). This new CRO role, reporting to the CEO, will be responsible for new bookings in Corpay's core U.S. market, including the Fleet, Payables, and Workforce Lodging businesses. The CRO will also direct Corpay's cross-sell initiatives. A significant proportion of Corpay's customers already purchase products from multiple Corpay divisions. This new role is designed to create a more unified, single view of the customer across all Corpay segments and capture further cross-sell opportun