UBS Group AG Boosts Stock Holdings in FLEETCOR Technologies, Inc. (NYSE:FLT)

UBS Group AG boosted its position in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 213.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,046 shares of the business services provider’s stock after buying an additional 56,570 shares during the period. UBS Group AG’s holdings in FLEETCOR Technologies were worth $15,254,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers grew its position in shares of FLEETCOR Technologies by 3.1% in the first quarter. Cetera Investment Advisers now owns 1,832 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 55 shares in the last quarter. ProShare Advisors LLC grew its position in FLEETCOR Technologies by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 14,314 shares of the business services provider’s stock worth $2,629,000 after acquiring an additional 66 shares during the period. Advisory Services Network LLC grew its position in FLEETCOR Technologies by 6.8% in the first quarter. Advisory Services Network LLC now owns 1,112 shares of the business services provider’s stock worth $276,000 after acquiring an additional 71 shares during the period. IFP Advisors Inc grew its position in FLEETCOR Technologies by 19.6% in the fourth quarter. IFP Advisors Inc now owns 488 shares of the business services provider’s stock worth $141,000 after acquiring an additional 80 shares during the period. Finally, Covestor Ltd grew its position in FLEETCOR Technologies by 253.1% in the first quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock worth $28,000 after acquiring an additional 81 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FLT. Royal Bank of Canada increased their price objective on FLEETCOR Technologies from $226.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 9th. Morgan Stanley increased their price objective on FLEETCOR Technologies from $188.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 9th. TheStreet upgraded FLEETCOR Technologies from a “c+” rating to a “b-” rating in a research report on Friday, April 14th. Wells Fargo & Company increased their price objective on FLEETCOR Technologies from $240.00 to $245.00 in a research report on Thursday, May 4th. Finally, Bank of America upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $208.00 to $240.00 in a research note on Tuesday, January 31st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, FLEETCOR Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $253.07.

FLEETCOR Technologies Stock Down 0.5 %

Shares of NYSE FLT opened at $233.65 on Friday. The stock has a market cap of $17.25 billion, a P/E ratio of 18.62, a PEG ratio of 1.21 and a beta of 1.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.63. FLEETCOR Technologies, Inc. has a 12-month low of $161.69 and a 12-month high of $251.61. The business’s fifty day simple moving average is $213.17 and its 200-day simple moving average is $201.75.

FLEETCOR Technologies (NYSE:FLT – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.11. The business had revenue of $901.30 million for the quarter, compared to analysts’ expectations of $881.03 million. FLEETCOR Technologies had a return on equity of 44.25% and a net margin of 26.88%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $3.35 earnings per share. As a group, equities analysts predict that FLEETCOR Technologies, Inc. will post 15.9 EPS for the current fiscal year.

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.