FleetCor Technologies, Inc. (FLT) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in FleetCor Technologies, Inc. (NYSE:FLT) by 27.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,786 shares of the business services provider’s stock after purchasing an additional 600 shares during the period. Commonwealth Equity Services LLC’s holdings in FleetCor Technologies were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLT. Hennessy Advisors Inc. boosted its stake in shares of FleetCor Technologies by 7.3% during the 1st quarter. Hennessy Advisors Inc. now owns 4,720 shares of the business services provider’s stock worth $956,000 after buying an additional 320 shares during the last quarter. IBM Retirement Fund boosted its stake in shares of FleetCor Technologies by 16.9% during the 1st quarter. IBM Retirement Fund now owns 2,625 shares of the business services provider’s stock worth $532,000 after buying an additional 380 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of FleetCor Technologies by 0.6% during the 4th quarter. Alliancebernstein L.P. now owns 61,216 shares of the business services provider’s stock worth $11,780,000 after buying an additional 381 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of FleetCor Technologies by 11.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,846 shares of the business services provider’s stock worth $933,000 after buying an additional 503 shares during the last quarter. Finally, ETRADE Capital Management LLC boosted its stake in shares of FleetCor Technologies by 32.4% during the 1st quarter. ETRADE Capital Management LLC now owns 2,201 shares of the business services provider’s stock worth $446,000 after buying an additional 538 shares during the last quarter. 91.29% of the stock is owned by hedge funds and other institutional investors.

Shares of FLT stock opened at $210.65 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $18.88 billion, a PE ratio of 26.73, a PEG ratio of 1.31 and a beta of 1.42. FleetCor Technologies, Inc. has a 52-week low of $138.43 and a 52-week high of $222.92.

FleetCor Technologies (NYSE:FLT) last issued its earnings results on Thursday, May 3rd. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.13. The company had revenue of $585.50 million for the quarter, compared to analysts’ expectations of $602.46 million. FleetCor Technologies had a net margin of 34.19% and a return on equity of 21.87%. FleetCor Technologies’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. equities analysts forecast that FleetCor Technologies, Inc. will post 9.77 earnings per share for the current year.

A number of research firms have recently commented on FLT. ValuEngine upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Morgan Stanley restated a “buy” rating and set a $235.00 price objective (up from $232.00) on shares of FleetCor Technologies in a research note on Wednesday, March 14th. Finally, Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. FleetCor Technologies currently has a consensus rating of “Buy” and a consensus price target of $222.09.

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

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