Alta Capital Management LLC reduced its stake in shares of FleetCor Technologies Inc. (NYSE:FLT) by 9.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,624 shares of the company’s stock after selling 10,647 shares during the period. Alta Capital Management LLC owned approximately 0.11% of FleetCor Technologies worth $16,960,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FLT. Checchi Capital Advisers LLC increased its position in shares of FleetCor Technologies by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 776 shares of the company’s stock worth $111,000 after buying an additional 15 shares during the period. Telemus Capital LLC increased its position in shares of FleetCor Technologies by 0.5% in the second quarter. Telemus Capital LLC now owns 6,065 shares of the company’s stock worth $868,000 after buying an additional 28 shares during the period. Strs Ohio increased its position in shares of FleetCor Technologies by 0.5% in the second quarter. Strs Ohio now owns 6,786 shares of the company’s stock worth $971,000 after buying an additional 37 shares during the period. IBM Retirement Fund increased its position in shares of FleetCor Technologies by 0.4% in the second quarter. IBM Retirement Fund now owns 10,855 shares of the company’s stock worth $1,622,000 after buying an additional 39 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of FleetCor Technologies by 1.9% in the second quarter. Capstone Asset Management Co. now owns 2,172 shares of the company’s stock worth $311,000 after buying an additional 40 shares during the period. 93.42% 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 2.51% during mid-day trading on Monday, hitting $149.79. 515,916 shares of the stock traded hands. The firm’s 50-day moving average is $161.35 and its 200-day moving average is $157.38. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 34.71 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 announced its quarterly earnings data on Tuesday, November 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.06. The business had revenue of $484.40 million for the quarter, compared to the consensus estimate of $491.45 million. FleetCor Technologies had a net margin of 23.27% and a return on equity of 18.53%. FleetCor Technologies’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $1.67 earnings per share. Equities research analysts expect that FleetCor Technologies Inc. will post $6.88 EPS for the current year.

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A number of research analysts have weighed in on the stock. Barclays PLC upped their price objective on shares of FleetCor Technologies from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Deutsche Bank AG upped their price objective on shares of FleetCor Technologies from $161.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Morgan Stanley set a $170.00 price objective on shares of FleetCor Technologies and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, SunTrust Banks Inc. set a $200.00 price objective on shares of FleetCor Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $175.21.

In other news, CEO Ronald Clarke sold 243,617 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $167.37, for a total value of $40,774,177.29. Following the sale, the chief executive officer now owns 349,283 shares in the company, valued at $58,459,495.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph W. Farrelly sold 1,200 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $168.73, for a total transaction of $202,476.00. Following the completion of the sale, the director now owns 3,224 shares in the company, valued at approximately $543,985.52. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by insiders.

FleetCor Technologies Company Profile

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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