Academy Capital Management Inc. TX reduced its stake in shares of FleetCor Technologies Inc. (NYSE:FLT) by 43.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,429 shares of the company’s stock after selling 44,421 shares during the period. FleetCor Technologies makes up 2.7% of Academy Capital Management Inc. TX’s portfolio, making the stock its 19th largest position. Academy Capital Management Inc. TX owned 0.06% of FleetCor Technologies worth $10,150,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Investment Services of America Inc. increased its stake in shares of FleetCor Technologies by 2.9% in the second quarter. Capital Investment Services of America Inc. now owns 47,827 shares of the company’s stock valued at $6,845,000 after buying an additional 1,350 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of FleetCor Technologies during the first quarter valued at about $545,000. BlueMountain Capital Management LLC acquired a new stake in shares of FleetCor Technologies during the first quarter valued at about $423,000. First Republic Investment Management Inc. increased its stake in shares of FleetCor Technologies by 29.0% in the first quarter. First Republic Investment Management Inc. now owns 4,478 shares of the company’s stock valued at $666,000 after buying an additional 1,008 shares during the period. Finally, Avalon Advisors LLC increased its stake in shares of FleetCor Technologies by 13.0% in the first quarter. Avalon Advisors LLC now owns 9,166 shares of the company’s stock valued at $1,363,000 after buying an additional 1,056 shares during the period. 94.09% of the stock is currently owned by institutional investors.

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

FleetCor Technologies Inc. (NYSE:FLT) traded down 0.33% on Friday, reaching $150.20. 1,647,337 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $164.52 and a 200 day moving average of $157.36. The stock has a market capitalization of $13.90 billion, a PE ratio of 36.01 and a beta of 1.40. FleetCor Technologies Inc. has a 12 month low of $107.56 and a 12 month high of $176.42.

FleetCor Technologies (NYSE:FLT) last posted its earnings results on Tuesday, November 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.06. The firm earned $484.40 million during the quarter, compared to analysts’ expectations of $491.45 million. FleetCor Technologies had a net margin of 23.27% and a return on equity of 18.53%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. Equities analysts predict that FleetCor Technologies Inc. will post $6.88 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. Jefferies Group upped their price target on shares of FleetCor Technologies from $175.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Barclays PLC upped their price target on shares of FleetCor Technologies from $170.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 21st. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “strong-buy” rating and set a $197.00 price target for the company in a research report on Tuesday, October 4th. Oppenheimer Holdings Inc. raised shares of FleetCor Technologies from a “market perform” rating to an “outperform” rating and set a $180.00 price target for the company in a research report on Friday, August 5th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $150.00 price target on shares of FleetCor Technologies in a research report on Friday, August 5th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $175.43.

In other news, insider Todd House sold 8,000 shares of FleetCor Technologies stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $172.26, for a total value of $1,378,080.00. Following the transaction, the insider now owns 19,637 shares of the company’s stock, valued at $3,382,669.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ronald Clarke sold 243,617 shares of FleetCor Technologies stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $167.37, for a total transaction of $40,774,177.29. Following the completion of the transaction, the chief executive officer now directly owns 349,283 shares in the company, valued at approximately $58,459,495.71. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

About FleetCor Technologies

FleetCor Technologies, Inc is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand.

5 Day Chart for NYSE:FLT

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