Raymond James Financial Services Advisors Inc. Has $922,000 Holdings in FLEETCOR Technologies, Inc. (NYSE:FLT)

Raymond James Financial Services Advisors Inc. increased its holdings in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 246.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,231 shares of the business services provider’s stock after acquiring an additional 3,722 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in FLEETCOR Technologies were worth $922,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FLT. American Century Companies Inc. raised its stake in FLEETCOR Technologies by 15.9% during the 1st quarter. American Century Companies Inc. now owns 2,798 shares of the business services provider’s stock worth $697,000 after buying an additional 384 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in FLEETCOR Technologies during the 1st quarter worth about $219,000. HighTower Advisors LLC increased its holdings in FLEETCOR Technologies by 9.5% during the 1st quarter. HighTower Advisors LLC now owns 4,524 shares of the business services provider’s stock worth $1,119,000 after purchasing an additional 392 shares in the last quarter. Private Advisor Group LLC increased its holdings in FLEETCOR Technologies by 123.0% during the 1st quarter. Private Advisor Group LLC now owns 2,355 shares of the business services provider’s stock worth $586,000 after purchasing an additional 1,299 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in FLEETCOR Technologies by 4.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,255 shares of the business services provider’s stock worth $1,059,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

FLEETCOR Technologies Trading Up 3.2 %

FLEETCOR Technologies stock opened at $198.71 on Friday. FLEETCOR Technologies, Inc. has a 52 week low of $161.69 and a 52 week high of $265.30. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $14.66 billion, a P/E ratio of 16.38, a PEG ratio of 0.73 and a beta of 1.20. The stock has a 50-day simple moving average of $188.15 and a 200 day simple moving average of $197.66.

FLEETCOR Technologies (NYSE:FLT – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.86 by $0.05. The firm had revenue of $893.00 million during the quarter, compared to the consensus estimate of $877.61 million. FLEETCOR Technologies had a net margin of 28.51% and a return on equity of 42.85%. During the same period last year, the business posted $3.37 earnings per share. Analysts expect that FLEETCOR Technologies, Inc. will post 14.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLT has been the subject of a number of research reports. Mizuho lowered their target price on FLEETCOR Technologies from $256.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, November 14th. Wells Fargo & Company lowered their target price on FLEETCOR Technologies from $240.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, January 9th. Barclays decreased their price objective on FLEETCOR Technologies from $290.00 to $266.00 and set an “overweight” rating for the company in a report on Sunday, November 6th. Bank of America cut FLEETCOR Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $278.00 to $203.00 in a report on Thursday, October 20th. Finally, Truist Financial raised their price objective on FLEETCOR Technologies from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, FLEETCOR Technologies presently has an average rating of “Hold” and an average price target of $240.67.

About FLEETCOR Technologies

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FLEETCOR Technologies, Inc engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F.