Swiss National Bank trimmed its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 0.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 338,700 shares of the business services provider’s stock after selling 800 shares during the quarter. Swiss National Bank’s holdings in FleetCor Technologies were worth $65,176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FLT. FNY Partners Fund LP acquired a new stake in shares of FleetCor Technologies in the third quarter valued at about $125,000. Toronto Dominion Bank raised its position in shares of 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 buying an additional 113 shares during the last quarter. First Personal Financial Services raised its position in shares of 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 buying an additional 244 shares during the last quarter. IBM Retirement Fund acquired a new stake in shares of FleetCor Technologies in the third quarter valued at about $211,000. Finally, SG Americas Securities LLC acquired a new stake in shares of FleetCor Technologies in the fourth quarter valued at about $216,000. Institutional investors and hedge funds own 95.38% of the company’s stock.

FleetCor Technologies, Inc. (NYSE:FLT) opened at $194.77 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $17,439.93, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52. FleetCor Technologies, Inc. has a 12 month low of $121.52 and a 12 month high of $213.74.

FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.09. The company 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%. FleetCor Technologies’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 earnings per share. equities analysts forecast that FleetCor Technologies, Inc. will post 9.59 EPS for the current year.

A number of brokerages have recently commented on FLT. Wells Fargo & Co set a $225.00 target price on shares of FleetCor Technologies and gave the company a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research cut shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Credit Suisse Group raised their price objective on shares of FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Oppenheimer raised their price objective on shares of FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Deutsche Bank raised their price objective on shares of FleetCor Technologies from $185.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $209.21.

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

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