Public Employees Retirement System of Ohio increased its position in FleetCor Technologies, Inc. (NYSE:FLT) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,549 shares of the business services provider’s stock after buying an additional 43 shares during the period. Public Employees Retirement System of Ohio’s holdings in FleetCor Technologies were worth $6,443,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in FLT. Tower Research Capital LLC TRC increased its stake in FleetCor Technologies by 1.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,059 shares of the business services provider’s stock worth $160,000 after buying an additional 12 shares during the last quarter. Point72 Asset Management L.P. increased its stake in FleetCor Technologies by 48.0% in the first quarter. Point72 Asset Management L.P. now owns 270,977 shares of the business services provider’s stock worth $41,034,000 after buying an additional 87,877 shares during the last quarter. HighTower Advisors LLC acquired a new stake in FleetCor Technologies during the first quarter worth approximately $248,000. Tudor Investment Corp ET AL acquired a new stake in FleetCor Technologies during the first quarter worth approximately $690,000. Finally, Jane Street Group LLC increased its stake in FleetCor Technologies by 172.3% in the first quarter. Jane Street Group LLC now owns 22,213 shares of the business services provider’s stock worth $3,364,000 after buying an additional 14,056 shares during the last quarter. Institutional investors own 95.32% of the company’s stock.
Shares of FleetCor Technologies, Inc. (NYSE:FLT) traded up 0.17% on Friday, reaching $152.05. 415,755 shares of the company were exchanged. FleetCor Technologies, Inc. has a 12 month low of $121.52 and a 12 month high of $176.42. The stock has a 50 day moving average price of $146.07 and a 200-day moving average price of $149.58. The stock has a market capitalization of $14.03 billion, a P/E ratio of 31.10 and a beta of 1.44.
FleetCor Technologies (NYSE:FLT) last announced its earnings results on Monday, May 1st. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.87 by $0.09. The firm had revenue of $520.43 million for the quarter, compared to the consensus estimate of $514.56 million. FleetCor Technologies had a net margin of 23.89% and a return on equity of 20.20%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the company posted $1.53 EPS. On average, equities analysts expect that FleetCor Technologies, Inc. will post $8.34 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/07/28/public-employees-retirement-system-of-ohio-acquires-43-shares-of-fleetcor-technologies-inc-flt-updated-updated-updated.html.
A number of research firms recently commented on FLT. Citigroup Inc. reiterated a “buy” rating and issued a $180.00 target price (up from $165.00) on shares of FleetCor Technologies in a report on Thursday, July 13th. William Blair reiterated an “outperform” rating on shares of FleetCor Technologies in a report on Wednesday, July 12th. BidaskClub downgraded shares of FleetCor Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $197.00 target price on shares of FleetCor Technologies in a report on Wednesday, May 24th. Finally, Zacks Investment Research upgraded shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. FleetCor Technologies has a consensus rating of “Buy” and an average price target of $178.07.
In related news, Director Mark A. Johnson bought 1,000 shares of the company’s stock in a transaction on Friday, May 5th. The shares were purchased at an average cost of $134.15 per share, for a total transaction of $134,150.00. Following the acquisition, the director now owns 102,491 shares of the company’s stock, valued at approximately $13,749,167.65. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Armando Lins Netto bought 750 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were bought at an average price of $133.44 per share, for a total transaction of $100,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,710 shares in the company, valued at approximately $628,502.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,850 shares of company stock worth $1,208,985 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.
About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
Receive News & Ratings for FleetCor Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.