FleetCor Technologies, Inc. (NYSE:FLT) saw some unusual options trading on Wednesday. Stock traders acquired 10,872 call options on the stock. This is an increase of approximately 4,130% compared to the typical daily volume of 257 call options.

Several research firms have weighed in on FLT. Zacks Investment Research raised FleetCor Technologies from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $236.00 target price on shares of FleetCor Technologies in a research note on Thursday, February 8th. SunTrust Banks set a $240.00 target price on FleetCor Technologies and gave the company a “buy” rating in a research note on Monday, February 5th. Oppenheimer lifted their target price on FleetCor Technologies from $194.00 to $247.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $235.00 target price (up previously from $232.00) on shares of FleetCor Technologies in a research note on Wednesday, March 14th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $222.09.

Shares of FleetCor Technologies opened at $199.35 on Friday, MarketBeat reports. The stock has a market cap of $17.92 billion, a PE ratio of 25.30, a PEG ratio of 1.24 and a beta of 1.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. FleetCor Technologies has a 52-week low of $138.43 and a 52-week high of $213.74.

FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings results on Thursday, May 3rd. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.13. The business had revenue of $585.50 million during the quarter, compared to analyst estimates of $602.46 million. FleetCor Technologies had a return on equity of 21.87% and a net margin of 34.19%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 EPS. equities analysts expect that FleetCor Technologies will post 9.78 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in FleetCor Technologies by 1.5% in the 1st quarter. BlackRock Inc. now owns 6,210,100 shares of the business services provider’s stock worth $1,257,546,000 after purchasing an additional 91,045 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in FleetCor Technologies by 16.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,689,805 shares of the business services provider’s stock worth $342,185,000 after purchasing an additional 240,357 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in FleetCor Technologies by 13.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 834,770 shares of the business services provider’s stock worth $160,635,000 after purchasing an additional 101,130 shares during the last quarter. Echo Street Capital Management LLC lifted its holdings in FleetCor Technologies by 0.6% in the 1st quarter. Echo Street Capital Management LLC now owns 660,247 shares of the business services provider’s stock worth $133,700,000 after purchasing an additional 3,638 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in FleetCor Technologies in the 1st quarter worth approximately $105,328,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

FleetCor Technologies Company Profile

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

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