FLEETCOR Technologies, Inc. (NYSE:FLT) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLTGet Rating) by 32.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 230 shares of the business services provider’s stock after selling 112 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in FLEETCOR Technologies were worth $57,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd raised its stake in FLEETCOR Technologies by 253.1% during the 1st quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock worth $28,000 after acquiring an additional 81 shares in the last quarter. Allworth Financial LP acquired a new position in FLEETCOR Technologies in the first quarter valued at $29,000. Lazard Asset Management LLC acquired a new position in FLEETCOR Technologies in the first quarter valued at $35,000. CVA Family Office LLC acquired a new position in FLEETCOR Technologies in the first quarter valued at $42,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in FLEETCOR Technologies in the fourth quarter valued at $45,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Alan King sold 1,379 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $223.38, for a total transaction of $308,041.02. Following the sale, the insider now owns 9,250 shares of the company’s stock, valued at $2,066,265. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on FLT. Royal Bank of Canada dropped their price objective on shares of FLEETCOR Technologies from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 4th. Barclays dropped their price objective on shares of FLEETCOR Technologies from $295.00 to $290.00 and set an “overweight” rating on the stock in a research note on Thursday. Truist Financial dropped their price target on shares of FLEETCOR Technologies from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Wells Fargo & Company dropped their price target on shares of FLEETCOR Technologies from $298.00 to $274.00 and set an “overweight” rating on the stock in a research note on Thursday, September 8th. Finally, Citigroup boosted their price target on shares of FLEETCOR Technologies from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Thursday, June 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $282.11.

FLEETCOR Technologies Stock Down 1.4 %

FLT stock opened at $202.56 on Friday. The company has a market cap of $15.19 billion, a P/E ratio of 17.40, a P/E/G ratio of 0.99 and a beta of 1.21. FLEETCOR Technologies, Inc. has a 52 week low of $198.91 and a 52 week high of $282.02. The company’s 50-day moving average price is $219.62 and its 200 day moving average price is $230.61. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.77.

About FLEETCOR Technologies

(Get Rating)

FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.

Featured Stories

Want to see what other hedge funds are holding FLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FLEETCOR Technologies, Inc. (NYSE:FLTGet Rating).

Institutional Ownership by Quarter for FLEETCOR Technologies (NYSE:FLT)

Receive News & Ratings for FLEETCOR Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLEETCOR Technologies and related companies with MarketBeat.com's FREE daily email newsletter.