Virginia Retirement Systems ET AL grew its position in FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,200 shares of the business services provider’s stock after purchasing an additional 2,000 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in FLEETCOR Technologies were worth $20,224,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. UMB Bank N A MO acquired a new position in shares of FLEETCOR Technologies in the fourth quarter valued at approximately $291,000. Fifth Third Bancorp grew its position in shares of FLEETCOR Technologies by 77.3% in the fourth quarter. Fifth Third Bancorp now owns 1,613 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 703 shares during the last quarter. Advisor Group Holdings Inc. grew its position in shares of FLEETCOR Technologies by 44.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 10,229 shares of the business services provider’s stock valued at $2,291,000 after purchasing an additional 3,155 shares during the last quarter. Ensign Peak Advisors Inc grew its position in shares of FLEETCOR Technologies by 355.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 26,633 shares of the business services provider’s stock valued at $5,961,000 after purchasing an additional 20,788 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of FLEETCOR Technologies in the fourth quarter valued at approximately $77,000. 97.44% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on FLT shares. Citigroup increased their price target on FLEETCOR Technologies from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Thursday, June 9th. Truist Financial reduced their price target on FLEETCOR Technologies from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday. TheStreet downgraded FLEETCOR Technologies from a “b-” rating to a “c” rating in a research report on Thursday, May 26th. StockNews.com started coverage on FLEETCOR Technologies in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Evercore ISI reissued an “outperform” rating and set a $300.00 price target on shares of FLEETCOR Technologies in a research report on Thursday, June 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FLEETCOR Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $296.11.
FLEETCOR Technologies (NYSE:FLT – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The business services provider reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.08. FLEETCOR Technologies had a return on equity of 34.88% and a net margin of 28.97%. The company had revenue of $789.20 million during the quarter, compared to analysts’ expectations of $756.56 million. During the same period in the prior year, the company earned $2.66 EPS. FLEETCOR Technologies’s revenue was up 29.7% compared to the same quarter last year. As a group, sell-side analysts expect that FLEETCOR Technologies, Inc. will post 14.47 earnings per share for the current year.
FLEETCOR Technologies Profile (Get Rating)
FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.
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