AMP Capital Investors Ltd lessened its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,857 shares of the business services provider’s stock after selling 2,619 shares during the period. AMP Capital Investors Ltd’s holdings in FleetCor Technologies were worth $4,592,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new position in FleetCor Technologies during the 3rd quarter worth about $380,000. New York State Common Retirement Fund lifted its stake in FleetCor Technologies by 2.1% during the 3rd quarter. New York State Common Retirement Fund now owns 206,500 shares of the business services provider’s stock worth $31,960,000 after acquiring an additional 4,300 shares in the last quarter. Toronto Dominion Bank lifted its stake in FleetCor Technologies by 245.4% during the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the business services provider’s stock worth $603,000 after acquiring an additional 2,768 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in FleetCor Technologies by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 353,654 shares of the business services provider’s stock worth $54,735,000 after acquiring an additional 14,721 shares in the last quarter. Finally, Comerica Bank lifted its stake in FleetCor Technologies by 6.4% during the 3rd quarter. Comerica Bank now owns 51,666 shares of the business services provider’s stock worth $8,458,000 after acquiring an additional 3,098 shares in the last quarter. 94.36% of the stock is currently owned by institutional investors and hedge funds.
FLT has been the topic of several research reports. Zacks Investment Research raised FleetCor Technologies from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research note on Thursday, February 8th. Credit Suisse Group increased their target price on FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Deutsche Bank increased their target price on FleetCor Technologies from $185.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $240.00 target price on FleetCor Technologies and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Morgan Stanley increased their target price on FleetCor Technologies from $194.00 to $232.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. FleetCor Technologies has a consensus rating of “Buy” and an average target price of $209.43.
Shares of FleetCor Technologies stock opened at $209.01 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.79. FleetCor Technologies, Inc. has a 1-year low of $121.52 and a 1-year high of $213.74. The firm has a market capitalization of $18,770.98, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.32 and a beta of 1.52.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.09. FleetCor Technologies had a return on equity of 21.15% and a net margin of 32.90%. The company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $605.87 million. During the same quarter in the prior year, the business earned $1.90 EPS. FleetCor Technologies’s revenue was up 18.4% on a year-over-year basis. equities analysts expect that FleetCor Technologies, Inc. will post 9.6 earnings per share for the current year.
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FleetCor Technologies 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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