Corpay, Inc $CPAY Shares Sold by Azimuth Capital Investment Management LLC

Key Points

• Azimuth Capital Investment Management reduced its Corpay position by 8.2% in the second quarter, selling 4,260 shares and retaining 47,932 shares worth approximately $15.97 million. Institutional investors collectively own 98.84% of the company.
• Analyst sentiment remains favorable, with 12 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $438.93.
• Corpay exceeded quarterly expectations, reporting $7.00 in EPS and $1.34 billion in revenue, up 21.5% year over year. However, insiders sold 291,336 shares worth roughly $116.2 million over the past quarter.

Azimuth Capital Investment Management LLC lessened its holdings in Corpay, Inc (NYSE:CPAY - Free Report) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,932 shares of the corporate payments company's stock after selling 4,260 shares during the period. Azimuth Capital Investment Management LLC owned approximately 0.07% of Corpay worth $15,974,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC increased its position in Corpay by 141.3% during the 1st quarter. Empowered Funds LLC now owns 5,490 shares of the corporate payments company's stock worth $1,598,000 after purchasing an additional 3,215 shares during the period. Moran Wealth Management LLC increased its holdings in Corpay by 77.9% during the 1st quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company's stock valued at $11,020,000 after acquiring an additional 16,586 shares in the last quarter. Procyon Advisors LLC lifted its position in shares of Corpay by 78.0% in the first quarter. Procyon Advisors LLC now owns 6,357 shares of the corporate payments company's stock valued at $1,850,000 after acquiring an additional 2,786 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Corpay in the 1st quarter valued at about $1,048,000. Finally, Anchor Capital Advisors LLC lifted its stake in shares of Corpay by 6.9% during the 4th quarter. Anchor Capital Advisors LLC now owns 124,731 shares of the corporate payments company's stock worth $37,535,000 after purchasing an additional 8,094 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Corpay from a "hold" rating to a "buy" rating in a research report on Sunday. Royal Bank Of Canada raised their price objective on Corpay from $423.00 to $438.00 and gave the company a "sector perform" rating in a research note on Monday, August 31st. Scotiabank set a $536.00 target price on Corpay and gave the company an "outperform" rating in a research report on Wednesday. Robert W. Baird set a $475.00 price target on shares of Corpay in a research report on Thursday, August 6th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $442.00 price target on shares of Corpay in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Corpay presently has an average rating of "Moderate Buy" and a consensus price target of $438.93.

Corpay Trading Down 0.9%

Corpay stock opened at $416.09 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70. The firm has a 50-day moving average price of $386.15 and a two-hundred day moving average price of $349.07. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.14 and a beta of 0.87. Corpay, Inc has a 52-week low of $252.84 and a 52-week high of $427.46.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.58 by $0.42. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%.The business's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Sell-side analysts expect that Corpay, Inc will post 25.75 earnings per share for the current year.

Insider Activity at Corpay

In related news, CEO Ronald Clarke sold 119,486 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the transaction, the chief executive officer owned 2,354,330 shares in the company, valued at $970,925,692. This trade represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Armando Netto sold 70,476 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of the sale, the insider owned 11,274 shares of the company's stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 291,336 shares of company stock worth $116,212,228 over the last quarter. 5.19% of the stock is currently owned by company insiders.

Corpay Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.

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