FleetCor Technologies, Inc. (FLT) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,264 shares of the business services provider’s stock after selling 638 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in FleetCor Technologies were worth $2,391,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. FNY Partners Fund LP purchased a new stake in FleetCor Technologies in the third quarter valued at $125,000. First Personal Financial Services raised its position in FleetCor Technologies by 31.4% in the fourth quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock valued at $196,000 after purchasing an additional 244 shares during the period. SG Americas Securities LLC purchased a new stake in FleetCor Technologies in the fourth quarter valued at $216,000. Toronto Dominion Bank raised its position in FleetCor Technologies by 11.1% in the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 113 shares during the period. Finally, Cigna Investments Inc. New purchased a new stake in FleetCor Technologies in the fourth quarter valued at $222,000. Institutional investors own 95.10% of the company’s stock.
FLT has been the topic of a number of research analyst reports. Citigroup lifted their target price on FleetCor Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. SunTrust Banks set a $180.00 price objective on FleetCor Technologies and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research upgraded FleetCor Technologies from a “hold” rating to a “buy” rating and set a $221.00 price objective on the stock in a report on Wednesday, January 10th. Wells Fargo & Co set a $225.00 price objective on FleetCor Technologies and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Deutsche Bank boosted their price objective on FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $209.21.
FleetCor Technologies (NYSE:FLT) last released its earnings results on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.09. FleetCor Technologies had a return on equity of 21.59% and a net margin of 32.90%. The firm had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $605.87 million. During the same period in the previous year, the firm posted $1.90 EPS. FleetCor Technologies’s revenue for the quarter was up 18.4% on a year-over-year basis. analysts anticipate that FleetCor Technologies, Inc. will post 9.39 earnings per share for the current fiscal year.
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About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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