Wealth Enhancement Advisory Services LLC Purchases 1,343 Shares of Corpay, Inc. (NYSE:CPAY)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,277 shares of the company's stock after buying an additional 1,343 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Corpay were worth $1,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Corpay by 17.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company's stock valued at $8,067,000 after acquiring an additional 3,504 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Corpay in the fourth quarter valued at approximately $28,632,000. Aviso Financial Inc. bought a new stake in Corpay during the fourth quarter valued at approximately $151,000. Sanctuary Advisors LLC lifted its position in Corpay by 20.5% during the fourth quarter. Sanctuary Advisors LLC now owns 1,796 shares of the company's stock valued at $608,000 after purchasing an additional 305 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Corpay in the 4th quarter worth $350,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Corpay Trading Up 1.6%

Shares of NYSE:CPAY traded up $5.40 during midday trading on Monday, hitting $342.86. 341,285 shares of the stock traded hands, compared to its average volume of 478,859. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $24.17 billion, a PE ratio of 24.52, a P/E/G ratio of 1.32 and a beta of 0.96. Corpay, Inc. has a one year low of $247.10 and a one year high of $400.81. The business's 50 day moving average is $322.77 and its two-hundred day moving average is $347.52.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.01. Corpay had a return on equity of 41.46% and a net margin of 25.25%. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the business posted $4.10 EPS. The business's revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CPAY shares. Barclays dropped their price objective on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. UBS Group reduced their price objective on Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Raymond James restated an "outperform" rating and issued a $414.00 target price (down previously from $417.00) on shares of Corpay in a research report on Wednesday, May 7th. Oppenheimer started coverage on shares of Corpay in a research report on Monday, April 28th. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company lowered their price objective on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Corpay currently has an average rating of "Moderate Buy" and a consensus price target of $395.07.

Corpay 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.