10 Undervalued Tech Stocks Flying Under Wall Street’s Radar

2. Corpay, Inc. (NYSE:CPAY)

Analyst Upside Potential as of June 28: 19.45%

Forward P/E: 13.35

Number of Hedge Fund Holders: 40

Corpay, Inc. (NYSE:CPAY) is one of the 10 undervalued tech stocks flying under Wall Street’s radar. On June 17, the company signed a multi-year agreement to extend its exclusive collaboration with West Ham United. West Ham United is a London-based Premier League football club, and the deal allows Corpay to continue as its official foreign exchange (FX) and international payments partner.

The partnership began in 2018, making this an extension of a seven-year collaboration. Under the extended agreement, West Ham United and its network of corporate business partners will continue to have access to Corpay Cross-Border’s global payments and currency risk management solutions. On its part, Corpay will continue to host exclusive networking opportunities and events at London Stadium, the club’s home ground, to engage with the club’s business network.

West Ham’s Chief Financial Officer, Andy Mollett, stated that Corpay cross-border solutions have become a core part of their global payment operations, providing “exceptional support and expertise.” On the other hand, Nathan Thompson, the club’s Executive Director, highlighted the partnership as critical to the club’s international business requirements and global reach.

Corpay, Inc. (NYSE:CPAY) is a global corporate payments company. It helps hundreds of thousands of businesses in over 100 countries manage and pay for expenses, including fuel, lodging, vendor invoices, and international transactions. Its main segments include Vehicle Payments, Corporate Payments, and Lodging Payments.