Azimuth Capital Investment Management LLC Has $19.19 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Azimuth Capital Investment Management LLC grew its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 51.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,701 shares of the company's stock after purchasing an additional 19,285 shares during the period. Azimuth Capital Investment Management LLC owned about 0.08% of Corpay worth $19,189,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Avion Wealth raised its stake in shares of Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc lifted its stake in Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 60 shares during the last quarter. Quarry LP bought a new position in shares of Corpay in the 3rd quarter valued at about $42,000. Spire Wealth Management acquired a new position in shares of Corpay during the 4th quarter worth about $42,000. Finally, Assetmark Inc. raised its holdings in shares of Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 60 shares during the period. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Corpay from $340.00 to $375.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their price target on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Raymond James cut their target price on shares of Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, Citigroup initiated coverage on shares of Corpay in a research note on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target on the stock. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Corpay currently has a consensus rating of "Moderate Buy" and a consensus price target of $400.38.

Corpay Price Performance

Shares of NYSE:CPAY traded up $2.21 during trading on Monday, reaching $307.69. 60,027 shares of the company traded hands, compared to its average volume of 491,820. 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 52 week low of $247.10 and a 52 week high of $400.81. The firm has a market capitalization of $21.62 billion, a PE ratio of 22.01, a PEG ratio of 1.32 and a beta of 1.11. The company's 50 day moving average is $348.19 and its two-hundred day moving average is $352.36.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. As a group, sell-side analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the transaction, the director now owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.10% of the company's stock.

Corpay Company Profile

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.