Rhumbline Advisers Acquires 114 Shares of FLEETCOR Technologies, Inc. (NYSE:FLT)

Rhumbline Advisers raised its stake in FLEETCOR Technologies, Inc. (NYSE:FLTGet Rating) by 0.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 122,515 shares of the business services provider’s stock after acquiring an additional 114 shares during the period. Rhumbline Advisers’ holdings in FLEETCOR Technologies were worth $27,424,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Consolidated Planning Corp acquired a new stake in shares of FLEETCOR Technologies during the third quarter worth $28,000. Lindbrook Capital LLC raised its position in shares of FLEETCOR Technologies by 73.5% in the 4th quarter. Lindbrook Capital LLC now owns 144 shares of the business services provider’s stock worth $32,000 after acquiring an additional 61 shares in the last quarter. FourThought Financial LLC acquired a new stake in FLEETCOR Technologies in the fourth quarter worth $58,000. National Bank of Canada FI bought a new position in shares of FLEETCOR Technologies during the 4th quarter worth about $58,000. Finally, Aquire Wealth Advisors LLC bought a new stake in FLEETCOR Technologies in the 4th quarter valued at about $60,000. 97.44% of the stock is owned by institutional investors.

A number of brokerages have commented on FLT. Mizuho boosted their price target on shares of FLEETCOR Technologies from $255.00 to $275.00 and gave the company a “neutral” rating in a research note on Wednesday, February 16th. Wells Fargo & Company started coverage on shares of FLEETCOR Technologies in a research report on Monday, April 4th. They set an “overweight” rating and a $294.00 target price for the company. StockNews.com assumed coverage on FLEETCOR Technologies in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Barclays lifted their target price on FLEETCOR Technologies from $306.00 to $312.00 and gave the company an “overweight” rating in a research report on Thursday, April 14th. Finally, Morgan Stanley lowered their price target on FLEETCOR Technologies from $275.00 to $265.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $290.71.

Shares of FLT opened at $221.52 on Thursday. The business has a 50-day moving average of $244.08 and a 200 day moving average of $235.69. FLEETCOR Technologies, Inc. has a fifty-two week low of $200.78 and a fifty-two week high of $282.02. The firm has a market cap of $17.13 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.00 and a beta of 1.22. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.01 and a current ratio of 1.01.

FLEETCOR Technologies (NYSE:FLTGet Rating) last issued its earnings results on Thursday, May 5th. The business services provider reported $3.65 EPS for the quarter, topping the consensus estimate of $3.53 by $0.12. FLEETCOR Technologies had a return on equity of 34.88% and a net margin of 28.97%. The business had revenue of $789.20 million during the quarter, compared to the consensus estimate of $756.56 million. During the same quarter last year, the company earned $2.66 EPS. The firm’s revenue was up 29.7% compared to the same quarter last year. As a group, research analysts predict that FLEETCOR Technologies, Inc. will post 14.45 earnings per share for the current fiscal year.

FLEETCOR Technologies Profile (Get Rating)

FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.

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

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