1,363 Shares in FLEETCOR Technologies, Inc. (NYSE:FLT) Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new position in shares of FLEETCOR Technologies, Inc. (NYSE:FLT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,363 shares of the business services provider’s stock, valued at approximately $349,000.

Other hedge funds also recently modified their holdings of the company. Certified Advisory Corp acquired a new stake in shares of FLEETCOR Technologies in the first quarter worth $27,000. PNC Managed Account Solutions Inc. purchased a new position in shares of FLEETCOR Technologies in the second quarter valued at $33,000. Exchange Traded Concepts LLC purchased a new position in shares of FLEETCOR Technologies in the second quarter valued at $46,000. Berman Capital Advisors LLC boosted its stake in shares of FLEETCOR Technologies by 36.2% in the second quarter. Berman Capital Advisors LLC now owns 203 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 54 shares during the period. Finally, Huntington National Bank boosted its stake in shares of FLEETCOR Technologies by 145.5% in the second quarter. Huntington National Bank now owns 270 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 160 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

Shares of FLT opened at $267.11 on Friday. The firm’s 50 day moving average is $259.01 and its 200-day moving average is $269.09. The stock has a market capitalization of $22.06 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.41 and a beta of 1.44. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.05 and a quick ratio of 1.05. FLEETCOR Technologies, Inc. has a 12-month low of $214.88 and a 12-month high of $295.36.

FLEETCOR Technologies (NYSE:FLT) last announced its earnings results on Wednesday, August 4th. The business services provider reported $3.15 EPS for the quarter, topping the consensus estimate of $2.94 by $0.21. FLEETCOR Technologies had a net margin of 31.43% and a return on equity of 29.53%. The company had revenue of $667.38 million during the quarter, compared to analysts’ expectations of $637.45 million. During the same period last year, the company posted $2.28 earnings per share. The business’s revenue for the quarter was up 27.1% on a year-over-year basis. As a group, equities research analysts forecast that FLEETCOR Technologies, Inc. will post 12.31 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. TheStreet upgraded shares of FLEETCOR Technologies from a “c+” rating to a “b” rating in a research note on Friday, August 6th. Morgan Stanley increased their price objective on shares of FLEETCOR Technologies from $275.00 to $285.00 and gave the company an “equal weight” rating in a research note on Thursday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of FLEETCOR Technologies from $305.00 to $319.00 and gave the company an “overweight” rating in a research note on Tuesday, August 17th. Finally, Credit Suisse Group increased their price objective on shares of FLEETCOR Technologies from $270.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $318.00.

FLEETCOR Technologies Profile

FLEETCOR Technologies, Inc engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F.

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Institutional Ownership by Quarter for FLEETCOR Technologies (NYSE:FLT)

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