Commonwealth Equity Services LLC Boosts Stake in FLEETCOR Technologies, Inc. (NYSE:FLT)

Commonwealth Equity Services LLC raised its position in FLEETCOR Technologies, Inc. (NYSE:FLT) by 27.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,425 shares of the business services provider’s stock after buying an additional 309 shares during the period. Commonwealth Equity Services LLC’s holdings in FLEETCOR Technologies were worth $372,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC boosted its holdings in FLEETCOR Technologies by 73.2% in the 3rd quarter. Global Retirement Partners LLC now owns 97 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 41 shares during the period. Clearstead Advisors LLC purchased a new position in FLEETCOR Technologies in the 2nd quarter worth $35,000. Berman Capital Advisors LLC raised its position in FLEETCOR Technologies by 36.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 203 shares of the business services provider’s stock worth $51,000 after purchasing an additional 54 shares during the period. Strategic Blueprint LLC purchased a new position in FLEETCOR Technologies in the 2nd quarter worth $52,000. Finally, Koshinski Asset Management Inc. purchased a new position in FLEETCOR Technologies in the 3rd quarter worth $57,000. Institutional investors own 92.33% of the company’s stock.

Shares of NYSE FLT opened at $244.00 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.19. FLEETCOR Technologies, Inc. has a 12 month low of $200.78 and a 12 month high of $295.36. The company has a 50 day simple moving average of $227.04 and a two-hundred day simple moving average of $248.15. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 0.94 and a beta of 1.43.

FLEETCOR Technologies (NYSE:FLT) last issued its quarterly earnings results on Wednesday, November 3rd. The business services provider reported $3.52 EPS for the quarter, topping the consensus estimate of $3.32 by $0.20. The company had revenue of $755.48 million during the quarter, compared to analyst estimates of $738.56 million. FLEETCOR Technologies had a net margin of 31.12% and a return on equity of 30.48%. During the same quarter in the previous year, the firm earned $2.70 EPS. Analysts forecast that FLEETCOR Technologies, Inc. will post 12.3 EPS for the current year.

FLT has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of FLEETCOR Technologies from $285.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 4th. Barclays reiterated a “buy” rating on shares of FLEETCOR Technologies in a research note on Thursday, December 16th. Credit Suisse Group boosted their price objective on shares of FLEETCOR Technologies from $275.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, November 5th. Finally, Mizuho upped their target price on shares of FLEETCOR Technologies from $285.00 to $310.00 and gave the company a “neutral” rating in a report on Friday, October 22nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $318.73.

About FLEETCOR Technologies

FLEETCOR Technologies, Inc engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F.

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

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