Investment Analysts’ Recent Ratings Updates for FLEETCOR Technologies (FLT)

A number of research firms have changed their ratings and price targets for FLEETCOR Technologies (NYSE: FLT):

• 1/25/2023 – FLEETCOR Technologies had its price target raised by analysts at Robert W. Baird from $220.00 to $230.00.
• 1/23/2023 – FLEETCOR Technologies had its price target lowered by analysts at Barclays PLC from $266.00 to $235.00. They now have an “overweight” rating on the stock.
• 1/20/2023 – FLEETCOR Technologies had its price target raised by analysts at Truist Financial Co. from $225.00 to $245.00. They now have a “buy” rating on the stock.
• 1/9/2023 – FLEETCOR Technologies had its price target lowered by analysts at Wells Fargo & Company from $240.00 to $225.00. They now have an “overweight” rating on the stock.

FLEETCOR Technologies Trading Up 0.4 %

Shares of FLT traded up $0.73 on Wednesday, hitting $200.30. 307,528 shares of the stock traded hands, compared to its average volume of 396,333. FLEETCOR Technologies, Inc. has a 1 year low of $161.69 and a 1 year high of $265.30. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 2.13. The stock’s 50 day moving average is $188.54 and its two-hundred day moving average is $197.31. The firm has a market capitalization of $14.77 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.76 and a beta of 1.20.

FLEETCOR Technologies (NYSE:FLT – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $3.91 EPS for the quarter, topping the consensus estimate of $3.86 by $0.05. FLEETCOR Technologies had a net margin of 28.51% and a return on equity of 42.85%. The firm had revenue of $893.00 million during the quarter, compared to analyst estimates of $877.61 million. During the same quarter in the prior year, the business posted $3.37 earnings per share. As a group, sell-side analysts predict that FLEETCOR Technologies, Inc. will post 14.71 earnings per share for the current year.

Institutional Investors Weigh In On FLEETCOR Technologies

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in FLEETCOR Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 8,624,531 shares of the business services provider’s stock valued at $2,148,025,000 after purchasing an additional 111,367 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in FLEETCOR Technologies by 16.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,528,923 shares of the business services provider’s stock valued at $1,161,682,000 after acquiring an additional 775,047 shares during the last quarter. Boston Partners boosted its stake in FLEETCOR Technologies by 6.6% during the 3rd quarter. Boston Partners now owns 2,376,266 shares of the business services provider’s stock valued at $418,767,000 after acquiring an additional 146,518 shares during the last quarter. Sustainable Growth Advisers LP boosted its stake in FLEETCOR Technologies by 2.9% during the 3rd quarter. Sustainable Growth Advisers LP now owns 2,290,506 shares of the business services provider’s stock valued at $403,519,000 after acquiring an additional 64,827 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in FLEETCOR Technologies by 3.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 878,573 shares of the business services provider’s stock valued at $154,778,000 after acquiring an additional 28,938 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

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.