FLEETCOR Technologies, Inc. (NYSE:FLT) Receives Average Rating of “Moderate Buy” from Brokerages

FLEETCOR Technologies, Inc. (NYSE:FLT) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $299.67.

Several analysts recently weighed in on FLT shares. StockNews.com started coverage on shares of FLEETCOR Technologies in a report on Friday. They issued a “buy” rating for the company. JPMorgan Chase & Co. lifted their target price on shares of FLEETCOR Technologies from $285.00 to $337.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. William Blair reiterated an “outperform” rating on shares of FLEETCOR Technologies in a report on Thursday, February 8th. Robert W. Baird upgraded shares of FLEETCOR Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $325.00 to $330.00 in a report on Monday, March 4th. Finally, TheStreet raised shares of FLEETCOR Technologies from a “c+” rating to a “b-” rating in a research report on Friday, January 12th.

Insider Transactions at FLEETCOR Technologies

In other news, CEO Ronald Clarke sold 118,428 shares of FLEETCOR Technologies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $281.84, for a total transaction of $33,377,747.52. Following the completion of the sale, the chief executive officer now directly owns 2,023,491 shares of the company’s stock, valued at approximately $570,300,703.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FLEETCOR Technologies news, CEO Ronald Clarke sold 118,428 shares of FLEETCOR Technologies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $281.84, for a total value of $33,377,747.52. Following the transaction, the chief executive officer now directly owns 2,023,491 shares in the company, valued at $570,300,703.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Alissa B. Vickery sold 2,794 shares of FLEETCOR Technologies stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $290.31, for a total transaction of $811,126.14. Following the completion of the transaction, the chief accounting officer now owns 1,885 shares in the company, valued at $547,234.35. The disclosure for this sale can be found here. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of FLEETCOR Technologies by 208.8% during the fourth quarter. Blue Trust Inc. now owns 105 shares of the business services provider’s stock worth $27,000 after acquiring an additional 71 shares during the period. Covestor Ltd increased its stake in shares of FLEETCOR Technologies by 253.1% during the first quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock worth $28,000 after acquiring an additional 81 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of FLEETCOR Technologies during the second quarter worth about $33,000. Sunbelt Securities Inc. acquired a new position in shares of FLEETCOR Technologies during the first quarter worth about $28,000. Finally, Lazard Asset Management LLC acquired a new position in shares of FLEETCOR Technologies during the first quarter worth about $35,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

FLEETCOR Technologies Price Performance

The business’s 50-day moving average price is $287.25 and its 200 day moving average price is $267.25. The firm has a market cap of $21.90 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.04 and a quick ratio of 1.04. FLEETCOR Technologies has a 1-year low of $194.60 and a 1-year high of $309.39.

FLEETCOR Technologies (NYSE:FLT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $4.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.04). The firm had revenue of $937.32 million for the quarter, compared to analyst estimates of $967.01 million. FLEETCOR Technologies had a return on equity of 37.56% and a net margin of 26.13%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.83 EPS. As a group, research analysts expect that FLEETCOR Technologies will post 18.2 EPS for the current year.

About FLEETCOR Technologies

FLEETCOR Technologies, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. It operates through Vehicle Payments, Corporate Payments, Lodging Payments, and Other segments.