Great West Life Assurance Co. Can increased its position in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,275 shares of the business services provider’s stock after purchasing an additional 941 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.06% of FleetCor Technologies worth $7,610,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of FLT. Commonwealth Bank of Australia raised its position in shares of FleetCor Technologies by 13.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 85 shares during the period. First Personal Financial Services raised its holdings in shares of FleetCor Technologies by 49.9% in the second quarter. First Personal Financial Services now owns 790 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 263 shares during the last quarter. Fiduciary Trust Co. bought a new position in shares of FleetCor Technologies in the second quarter valued at $115,000. Toronto Dominion Bank grew its stake in shares of FleetCor Technologies by 11.1% in the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock valued at $163,000 after buying an additional 113 shares in the last quarter. Finally, IBM Retirement Fund bought a new position in shares of FleetCor Technologies in the third quarter valued at $211,000. 95.76% of the stock is currently owned by hedge funds and other institutional investors.
FLT has been the subject of a number of research analyst reports. Oppenheimer lifted their price objective on shares of FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Credit Suisse Group reissued an “outperform” rating on shares of FleetCor Technologies in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Monday, October 9th. Citigroup boosted their target price on shares of FleetCor Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley boosted their price target on FleetCor Technologies from $184.00 to $189.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. FleetCor Technologies has an average rating of “Buy” and an average price target of $187.31.
FleetCor Technologies, Inc. (FLT) opened at $184.48 on Thursday. FleetCor Technologies, Inc. has a 52 week low of $121.52 and a 52 week high of $186.04. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $16,467.54, a P/E ratio of 24.88, a PEG ratio of 1.34 and a beta of 1.53.
FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $2.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.04. FleetCor Technologies had a return on equity of 20.99% and a net margin of 25.66%. The company had revenue of $577.90 million during the quarter, compared to the consensus estimate of $576.78 million. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. analysts expect that FleetCor Technologies, Inc. will post 7.75 EPS for the current fiscal year.
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FleetCor Technologies Profile
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.
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