Prescott Group Capital Management L.L.C. bought a new stake in shares of FleetCor Technologies, Inc. (NYSE:FLT) in the fourth quarter, Holdings Channel reports. The fund bought 2,000 shares of the business services provider’s stock, valued at approximately $385,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of FleetCor Technologies by 11.1% during 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. First Personal Financial Services boosted its stake in shares of FleetCor Technologies by 31.4% during 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. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of FleetCor Technologies by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 15,400 shares of the business services provider’s stock valued at $2,393,000 after purchasing an additional 300 shares during the period. BB&T Securities LLC boosted its stake in shares of FleetCor Technologies by 5.4% during the third quarter. BB&T Securities LLC now owns 7,927 shares of the business services provider’s stock valued at $1,226,000 after purchasing an additional 408 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in FleetCor Technologies by 17.3% in the third quarter. Oppenheimer & Co. Inc. now owns 2,910 shares of the business services provider’s stock worth $450,000 after acquiring an additional 429 shares during the period. 95.38% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on FLT shares. Morgan Stanley upped their price objective on shares of 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 shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. SunTrust Banks set a $180.00 price objective on shares of FleetCor Technologies and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Deutsche Bank upped their price objective on shares of FleetCor Technologies from $185.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Finally, Oppenheimer upped their price objective on shares of FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. FleetCor Technologies currently has a consensus rating of “Buy” and a consensus target price of $209.21.

Shares of FleetCor Technologies, Inc. (NYSE FLT) opened at $189.92 on Monday. The company has a market cap of $17,055.57, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52. FleetCor Technologies, Inc. has a 1 year low of $121.52 and a 1 year high of $213.74. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86.

FleetCor Technologies (NYSE:FLT) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.09. The business had revenue of $610.00 million during the quarter, compared to analyst estimates of $605.87 million. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.59%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 earnings per share. equities research analysts predict that FleetCor Technologies, Inc. will post 9.39 EPS for the current year.

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FleetCor Technologies Company 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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Institutional Ownership by Quarter for FleetCor Technologies (NYSE:FLT)

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