KBC Group NV increased its position in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 151.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,704 shares of the business services provider’s stock after purchasing an additional 31,778 shares during the period. KBC Group NV’s holdings in FleetCor Technologies were worth $10,142,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FLT. Dimensional Fund Advisors LP boosted its stake in shares of FleetCor Technologies by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 342,724 shares of the business services provider’s stock worth $49,429,000 after purchasing an additional 10,283 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of FleetCor Technologies by 207.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,708 shares of the business services provider’s stock worth $967,000 after purchasing an additional 4,525 shares during the period. Bank of Nova Scotia purchased a new position in shares of FleetCor Technologies during the 2nd quarter worth about $1,009,000. Sterling Capital Management LLC purchased a new position in shares of FleetCor Technologies during the 2nd quarter worth about $1,133,000. Finally, Toronto Dominion Bank boosted its stake in shares of FleetCor Technologies by 11.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after purchasing an additional 113 shares during the period. 95.38% of the stock is owned by hedge funds and other institutional investors.

FLT has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target 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 cut 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 target on shares of FleetCor Technologies and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Deutsche Bank lifted their price target 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 boosted their price objective on shares of FleetCor Technologies from $185.00 to $194.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $209.21.

Shares of FleetCor Technologies, Inc. (NYSE:FLT) opened at $194.77 on Thursday. The stock has a market cap of $17,439.93, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84. FleetCor Technologies, Inc. has a 52-week low of $121.52 and a 52-week high of $213.74.

FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.09. The company had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $605.87 million. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.59%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. equities research analysts anticipate that FleetCor Technologies, Inc. will post 9.59 earnings per share 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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