FleetCor Technologies, Inc. (FLT) Position Decreased by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA reduced its stake in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 7.5% during the fourth quarter, HoldingsChannel reports. The firm owned 7,355 shares of the business services provider’s stock after selling 600 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in FleetCor Technologies were worth $1,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Bank of Australia raised its position in FleetCor Technologies by 13.0% in the second quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock worth $105,000 after acquiring an additional 85 shares in the last quarter. Fiduciary Trust Co. bought a new stake in FleetCor Technologies in the second quarter worth about $115,000. FNY Partners Fund LP bought a new stake in FleetCor Technologies in the third quarter worth about $125,000. Toronto Dominion Bank raised its position in FleetCor Technologies by 11.1% in the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after acquiring an additional 113 shares in the last quarter. Finally, IBM Retirement Fund bought a new stake in FleetCor Technologies in the third quarter worth about $211,000. Institutional investors and hedge funds own 95.20% of the company’s stock.

FleetCor Technologies, Inc. (NYSE FLT) traded up $1.67 during midday trading on Thursday, reaching $202.58. The company’s stock had a trading volume of 471,134 shares, compared to its average volume of 667,504. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86. The firm has a market cap of $18,150.00, a P/E ratio of 34.45, a PEG ratio of 1.23 and a beta of 1.53. FleetCor Technologies, Inc. has a 12-month low of $121.52 and a 12-month high of $203.59.

FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.04. The firm had revenue of $577.90 million for the quarter, compared to the consensus estimate of $576.78 million. FleetCor Technologies had a return on equity of 20.99% and a net margin of 25.66%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 EPS. research analysts forecast that FleetCor Technologies, Inc. will post 7.76 earnings per share for the current fiscal year.

Several brokerages have commented on FLT. Zacks Investment Research upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $221.00 price target on the stock in a research report on Wednesday. Wells Fargo & Co set a $225.00 price target on shares of FleetCor Technologies and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank boosted their price target on shares of FleetCor Technologies from $185.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Barclays boosted their price target on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley boosted their price target on shares of FleetCor Technologies from $189.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. FleetCor Technologies presently has an average rating of “Buy” and a consensus price target of $194.31.

In other FleetCor Technologies news, insider Kurt Patrick Adams sold 7,099 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the sale, the insider now owns 9,246 shares in the company, valued at approximately $1,571,820. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.60% of the stock is currently owned by insiders.

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FleetCor Technologies Company 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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Institutional Ownership by Quarter for FleetCor Technologies (NYSE:FLT)

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