Daiwa Securities Group Inc. decreased its position in FleetCor Technologies, Inc. (NYSE:FLT) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,600 shares of the business services provider’s stock after selling 4,857 shares during the quarter. Daiwa Securities Group Inc.’s holdings in FleetCor Technologies were worth $6,081,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in FleetCor Technologies by 207.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,708 shares of the business services provider’s stock valued at $967,000 after purchasing an additional 4,525 shares during the period. Davidson Kempner Capital Management LP purchased a new stake in FleetCor Technologies in the third quarter valued at approximately $11,608,000. California Public Employees Retirement System raised its position in FleetCor Technologies by 4.5% in the third quarter. California Public Employees Retirement System now owns 170,177 shares of the business services provider’s stock valued at $26,338,000 after purchasing an additional 7,377 shares during the period. Ameriprise Financial Inc. raised its position in FleetCor Technologies by 31.2% in the third quarter. Ameriprise Financial Inc. now owns 1,701,521 shares of the business services provider’s stock valued at $263,344,000 after purchasing an additional 404,670 shares during the period. Finally, Kensico Capital Management Corp raised its position in FleetCor Technologies by 52.5% in the third quarter. Kensico Capital Management Corp now owns 450,000 shares of the business services provider’s stock valued at $69,647,000 after purchasing an additional 155,000 shares during the period. 95.38% of the stock is currently owned by institutional investors.
FleetCor Technologies, Inc. (NYSE:FLT) opened at $189.92 on Monday. The company has a market cap of $17,055.57, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84. FleetCor Technologies, Inc. has a 12 month low of $121.52 and a 12 month high of $213.74.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.09. The business had revenue of $610.00 million during the quarter, compared to the consensus estimate of $605.87 million. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.59%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 earnings per share. sell-side analysts forecast that FleetCor Technologies, Inc. will post 9.39 EPS for the current year.
A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $236.00 target price on shares of FleetCor Technologies in a research report on Thursday. SunTrust Banks set a $240.00 target price on FleetCor Technologies and gave the company a “buy” rating in a research report on Monday, February 5th. Oppenheimer boosted their target price on FleetCor Technologies from $194.00 to $247.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Credit Suisse Group boosted their target price on FleetCor Technologies from $209.00 to $211.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Wells Fargo & Co set a $225.00 target price on FleetCor Technologies and gave the company a “buy” rating in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $209.21.
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FleetCor Technologies Company Profile
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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