FleetCor Technologies, Inc. (FLT) Holdings Boosted by Strs Ohio
Strs Ohio lifted its position in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 129.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,719 shares of the business services provider’s stock after acquiring an additional 1,532 shares during the quarter. Strs Ohio’s holdings in FleetCor Technologies were worth $523,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in FLT. FNY Partners Fund LP purchased a new stake in shares of FleetCor Technologies during the 3rd quarter worth approximately $125,000. Toronto Dominion Bank boosted its stake in shares of FleetCor Technologies by 11.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after acquiring an additional 113 shares in the last quarter. IBM Retirement Fund purchased a new stake in shares of FleetCor Technologies during the 3rd quarter worth approximately $211,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of FleetCor Technologies during the 3rd quarter worth approximately $217,000. Finally, ZWJ Investment Counsel Inc. purchased a new stake in shares of FleetCor Technologies during the 3rd quarter worth approximately $225,000. 95.38% of the stock is currently owned by institutional investors and hedge funds.
FLT has been the topic of several research analyst reports. Morgan Stanley boosted their price target on FleetCor Technologies from $184.00 to $189.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. SunTrust Banks set a $180.00 target price on FleetCor Technologies and gave the company a “buy” rating in a research note on Tuesday, October 24th. Deutsche Bank upped their target price on FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Finally, Oppenheimer upped their target price on FleetCor Technologies from $185.00 to $194.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $209.21.
FleetCor Technologies (NYSE:FLT) last posted its earnings results on Thursday, February 8th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $605.87 million. During the same quarter in the prior year, the company earned $1.90 EPS. FleetCor Technologies’s revenue was up 18.4% on a year-over-year basis. equities analysts forecast that FleetCor Technologies, Inc. will post 9.39 earnings per share for the current year.
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FleetCor Technologies Profile
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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