EP Wealth Advisors LLC Takes Position in Corpay, Inc. (NYSE:CPAY)

EP Wealth Advisors LLC acquired a new stake in Corpay, Inc. (NYSE:CPAY) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 3,075 shares of the company’s stock, valued at approximately $949,000.

Several other institutional investors have also modified their holdings of CPAY. Vident Advisory LLC acquired a new stake in shares of Corpay during the first quarter worth $14,780,000. Natixis acquired a new position in Corpay during the first quarter valued at $30,778,000. Pitcairn Co. acquired a new position in Corpay during the first quarter valued at $204,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Corpay during the first quarter valued at $123,000. Finally, American International Group Inc. acquired a new position in Corpay during the first quarter valued at $6,208,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Up 2.3 %

NYSE:CPAY traded up $6.61 during mid-day trading on Friday, hitting $292.17. 316,001 shares of the company’s stock traded hands, compared to its average volume of 470,555. The firm’s 50 day moving average price is $270.19. Corpay, Inc. has a 12 month low of $220.39 and a 12 month high of $319.94. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.10 and a beta of 1.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.48.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.04. The firm had revenue of $935.25 million during the quarter, compared to the consensus estimate of $936.25 million. Corpay had a return on equity of 36.97% and a net margin of 26.29%. As a group, equities research analysts expect that Corpay, Inc. will post 17.82 earnings per share for the current year.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of recent research reports. Evercore ISI lowered their target price on Corpay from $350.00 to $345.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Wolfe Research downgraded Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 target price on the stock. in a research note on Friday, May 17th. Bank of America boosted their target price on Corpay from $326.00 to $331.00 and gave the company a “buy” rating in a research note on Friday, June 21st. BMO Capital Markets lowered their target price on Corpay from $360.00 to $350.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. decreased their price target on Corpay from $330.00 to $326.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $333.91.

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.