Violich Capital Management Inc. boosted its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 47.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,250 shares of the business services provider’s stock after purchasing an additional 2,000 shares during the quarter. Violich Capital Management Inc.’s holdings in FleetCor Technologies were worth $1,541,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in FleetCor Technologies during the 4th quarter worth $146,695,000. Ackerman Capital Advisors LLC boosted its holdings in shares of FleetCor Technologies by 18,472.0% in the 4th quarter. Ackerman Capital Advisors LLC now owns 278,580 shares of the business services provider’s stock worth $1,500,000 after buying an additional 277,080 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of FleetCor Technologies by 213.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 308,196 shares of the business services provider’s stock worth $70,220,000 after buying an additional 209,806 shares during the last quarter. Millennium Management LLC purchased a new position in shares of FleetCor Technologies in the 4th quarter worth about $27,507,000. Finally, First Trust Advisors LP boosted its holdings in shares of FleetCor Technologies by 104.8% in the 4th quarter. First Trust Advisors LP now owns 216,014 shares of the business services provider’s stock worth $40,118,000 after buying an additional 110,541 shares during the last quarter. 94.65% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on FLT shares. Mizuho reissued a “neutral” rating and issued a $230.00 price target on shares of FleetCor Technologies in a report on Wednesday, February 20th. Oppenheimer boosted their price target on shares of FleetCor Technologies from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. BTIG Research started coverage on shares of FleetCor Technologies in a report on Thursday, January 17th. They issued a “buy” rating and a $253.00 price target on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $238.00 price target on shares of FleetCor Technologies in a report on Wednesday, February 20th. Finally, SunTrust Banks boosted their price target on shares of FleetCor Technologies from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $255.33.
Shares of NYSE:FLT traded down $1.89 during midday trading on Friday, reaching $269.24. The company had a trading volume of 8,589 shares, compared to its average volume of 484,343. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.86 and a current ratio of 0.91. The company has a market capitalization of $23.37 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. FleetCor Technologies, Inc. has a 52-week low of $172.18 and a 52-week high of $271.70.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $2.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.46 by $0.10. FleetCor Technologies had a return on equity of 26.56% and a net margin of 32.74%. The business had revenue of $621.80 million for the quarter, compared to analysts’ expectations of $608.40 million. During the same period in the previous year, the business posted $2.50 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, research analysts predict that FleetCor Technologies, Inc. will post 11.11 earnings per share for the current year.
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FleetCor Technologies Company Profile
FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.
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