Wetherby Asset Management Inc. purchased a new stake in FleetCor Technologies, Inc. (NYSE:FLT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 726 shares of the business services provider’s stock, valued at approximately $208,000.
Other institutional investors have also recently bought and sold shares of the company. Bray Capital Advisors acquired a new position in FleetCor Technologies in the 2nd quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new position in FleetCor Technologies in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. bought a new position in FleetCor Technologies in the 2nd quarter valued at $30,000. Signaturefd LLC boosted its position in FleetCor Technologies by 50.7% in the 3rd quarter. Signaturefd LLC now owns 110 shares of the business services provider’s stock valued at $32,000 after buying an additional 37 shares during the last quarter. Finally, Motco bought a new position in FleetCor Technologies in the 2nd quarter valued at $33,000. 93.87% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:FLT traded down $3.13 during trading on Friday, reaching $293.45. 473,911 shares of the stock were exchanged, compared to its average volume of 573,419. FleetCor Technologies, Inc. has a 12 month low of $172.18 and a 12 month high of $304.65. The firm has a market cap of $25.25 billion, a PE ratio of 29.55, a PEG ratio of 1.68 and a beta of 1.11. The stock has a 50-day moving average price of $290.99 and a 200-day moving average price of $282.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.70.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.20. The business had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $679.68 million. FleetCor Technologies had a return on equity of 26.37% and a net margin of 35.29%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 earnings per share. On average, sell-side analysts expect that FleetCor Technologies, Inc. will post 11.17 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on FLT shares. ValuEngine lowered FleetCor Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James started coverage on FleetCor Technologies in a research report on Monday, September 30th. They issued a “market perform” rating and a $314.00 price target on the stock. Royal Bank of Canada started coverage on FleetCor Technologies in a research report on Monday, October 7th. They issued a “sector perform” rating and a $324.00 price target on the stock. Robert W. Baird raised their price target on FleetCor Technologies from $302.00 to $316.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Finally, Zacks Investment Research lowered FleetCor Technologies from a “hold” rating to a “sell” rating and set a $311.00 price target on the stock. in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. FleetCor Technologies currently has an average rating of “Hold” and an average price target of $286.22.
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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