FLEETCOR Technologies (NYSE:FLT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of FLEETCOR Technologies (NYSE:FLT) in a research report report published on Friday morning. The firm issued a buy rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Citigroup raised their price target on FLEETCOR Technologies from $300.00 to $325.00 and gave the company a buy rating in a research report on Friday, January 12th. BMO Capital Markets decreased their price objective on FLEETCOR Technologies from $340.00 to $330.00 and set an outperform rating on the stock in a report on Wednesday, February 14th. Mizuho upped their target price on FLEETCOR Technologies from $235.00 to $265.00 and gave the stock a neutral rating in a research note on Thursday, January 18th. Jefferies Financial Group increased their price target on shares of FLEETCOR Technologies from $325.00 to $330.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Finally, UBS Group boosted their price objective on shares of FLEETCOR Technologies from $280.00 to $285.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $299.67.

FLEETCOR Technologies Stock Down 0.8 %

Shares of NYSE FLT opened at $303.26 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average of $287.77 and a 200-day moving average of $267.50. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.15 and a beta of 1.22. FLEETCOR Technologies has a 12 month low of $194.60 and a 12 month high of $309.39.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its stake in shares of FLEETCOR Technologies by 2.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,798 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 40 shares in the last quarter. CWM LLC increased its position in FLEETCOR Technologies by 3.8% during the 3rd quarter. CWM LLC now owns 1,344 shares of the business services provider’s stock valued at $343,000 after buying an additional 49 shares in the last quarter. Lindbrook Capital LLC raised its stake in FLEETCOR Technologies by 27.7% during the fourth quarter. Lindbrook Capital LLC now owns 240 shares of the business services provider’s stock valued at $68,000 after buying an additional 52 shares during the last quarter. Blair William & Co. IL raised its stake in FLEETCOR Technologies by 5.6% during the third quarter. Blair William & Co. IL now owns 1,078 shares of the business services provider’s stock valued at $275,000 after buying an additional 57 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of FLEETCOR Technologies by 26.3% in the third quarter. Signaturefd LLC now owns 293 shares of the business services provider’s stock worth $75,000 after acquiring an additional 61 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.