Wealth Enhancement Advisory Services LLC owns $545,000 in Corpoy, Inc. shares. (NYSE:CPAY)

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of Corpoy, Inc. (NYSE:CPAY – Free Report) by 36.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,046 shares of the company’s stock after selling 1,178 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Corpoy were worth $545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new stake in Corpoy in the 1st quarter worth $25,000. Headlands Technologies LLC bought a new stake in shares of Corpy in the 1st quarter worth $31,000. Sunbelt Securities Inc. purchased a new stake in shares of Corpy in the first quarter valued at approximately $34,000. RFP Financial Group LLC bought a new position in shares of Corpoy in the first quarter valued at about $35,000. Finally, Mather Group LLC. purchased a new position in Corpy in the second quarter valued at approximately $44,000. 98.84% of shares are owned by institutional investors.

Performance of Corpoy shares

Shares of NYSE CPAY opened at $297.43 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.07, and a current ratio of 1.07. Corpy, Inc. it has a fifty-two week low of $220.39 and a fifty-two week high of $319.94. The stock has a market cap of $20.90 billion, a PE ratio of 22.13, a PEG ratio of 1.09 and a beta of 1.20. The company has a fifty day moving average of $278.92.

Corpoay (NYSE:CPAY – Get Your Free Report ) last posted its earnings results on Wednesday, August 7th. The company reported $4.55 EPS for the quarter, topping the consensus estimate of $4.51 by $0.04. Corpoay had a return on equity of 36.97% and a net margin of 26.29%. The business had revenue of $975.70 million during the quarter, compared to the consensus estimate of $973.84 million. In the same quarter last year, the company earned $3.85 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Corpoay, Inc. will post 17.82 EPS for the current year.

Analyst upgrades and downgrades

Several research firms have commented on CPAY. Wolfe Research cut shares of Corpoy from a “peer perform” rating to an “underperform” rating and set a $295.00 price objective for the company. in a research note on Friday, May 17th. Wells Fargo & Company initiated coverage on Corpoy in a report on Wednesday, June 5th. They set an “equal weight” rating and a $285.00 price target on the stock. Raymond James reduced their price objective on Corpoy from $330.00 to $311.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. BMO Capital Markets cut their price target on Corpoy from $360.00 to $350.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Bank of America cut their price target on shares of Corpay from $331.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Corpy presently has an average rating of “Moderate Buy” and a consensus price target of $332.50, according to MarketBeat .

Check out the latest stock analysis on CPAY

Corpoy Company Profile

(Free report)

Corpoay, Inc operates as a payments company that helps businesses and consumers manage vehicle expenses, lodging expenses and corporate payments in the United States, Brazil, the United Kingdom and internationally. The company offers vehicle payment solutions that include fuel, tolls, parking, fleet maintenance and long-haul services, as well as vouchers and prepaid cards for food and transport.

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