Evolution Wealth Advisors LLC lowered its stake in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 69.7% in the third quarter, Holdings Channel reports. The institutional investor owned 207 shares of the business services provider’s stock after selling 477 shares during the period. Evolution Wealth Advisors LLC’s holdings in FleetCor Technologies were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Rosenberg Matthew Hamilton acquired a new stake in shares of FleetCor Technologies during the 2nd quarter valued at about $34,000. Ninety One SA PTY Ltd acquired a new stake in FleetCor Technologies in the 2nd quarter valued at approximately $43,000. Signaturefd LLC increased its holdings in FleetCor Technologies by 56.7% in the 2nd quarter. Signaturefd LLC now owns 199 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 72 shares during the last quarter. Private Advisor Group LLC acquired a new stake in FleetCor Technologies in the 2nd quarter valued at approximately $58,000. Finally, Orion Portfolio Solutions LLC increased its holdings in FleetCor Technologies by 107.0% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 236 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 95.51% of the company’s stock.

Shares of FLT stock opened at $249.59 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.08. The firm has a fifty day moving average price of $240.71 and a 200 day moving average price of $240.71. The company has a market cap of $20.98 billion, a P/E ratio of 29.06, a PEG ratio of 2.15 and a beta of 1.42. FleetCor Technologies, Inc. has a 12 month low of $168.51 and a 12 month high of $329.85.

FleetCor Technologies (NYSE:FLT) last issued its earnings results on Thursday, August 6th. The business services provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.11. The firm had revenue of $525.15 million during the quarter, compared to the consensus estimate of $527.51 million. FleetCor Technologies had a net margin of 29.88% and a return on equity of 29.52%. The company’s revenue was down 18.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 earnings per share. On average, equities analysts forecast that FleetCor Technologies, Inc. will post 10.39 EPS for the current year.

Several analysts recently weighed in on FLT shares. 140166 dropped their target price on shares of FleetCor Technologies from $300.00 to $285.00 in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of FleetCor Technologies from $273.00 to $305.00 and gave the company a “buy” rating in a report on Monday, August 31st. Citigroup dropped their target price on shares of FleetCor Technologies from $275.00 to $255.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Cfra upgraded shares of FleetCor Technologies to a “buy” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of FleetCor Technologies from $278.00 to $282.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $283.11.

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

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