Thrivent Financial for Lutherans Sells 70,256 Shares of FLEETCOR Technologies, Inc. (NYSE:FLT)

Thrivent Financial for Lutherans lowered its stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 95.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,159 shares of the business services provider’s stock after selling 70,256 shares during the quarter. Thrivent Financial for Lutherans’ holdings in FLEETCOR Technologies were worth $580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Investment Advisers grew its stake in shares of FLEETCOR Technologies by 3.1% in the 1st quarter. Cetera Investment Advisers now owns 1,832 shares of the business services provider’s stock worth $456,000 after acquiring an additional 55 shares in the last quarter. ProShare Advisors LLC increased its stake in FLEETCOR Technologies by 0.5% in the 4th quarter. ProShare Advisors LLC now owns 14,314 shares of the business services provider’s stock valued at $2,629,000 after buying an additional 66 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of FLEETCOR Technologies by 6.8% in the 1st quarter. Advisory Services Network LLC now owns 1,112 shares of the business services provider’s stock worth $276,000 after buying an additional 71 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of FLEETCOR Technologies by 19.6% in the fourth quarter. IFP Advisors Inc now owns 488 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 80 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of FLEETCOR Technologies by 253.1% in the first quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 81 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on FLT. Jefferies Financial Group boosted their price objective on FLEETCOR Technologies from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, April 14th. Morgan Stanley increased their price target on shares of FLEETCOR Technologies from $188.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, February 9th. Raymond James raised shares of FLEETCOR Technologies from a “market perform” rating to an “outperform” rating and set a $254.00 price objective on the stock in a research report on Tuesday, March 21st. Credit Suisse Group increased their target price on shares of FLEETCOR Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, February 10th. Finally, Barclays raised their price target on shares of FLEETCOR Technologies from $245.00 to $270.00 in a research note on Sunday, May 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.07.

FLEETCOR Technologies Stock Up 0.2 %

Shares of NYSE:FLT opened at $232.82 on Friday. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.22 and a beta of 1.20. FLEETCOR Technologies, Inc. has a one year low of $161.69 and a one year high of $251.61. The firm has a fifty day moving average price of $216.65 and a two-hundred day moving average price of $203.20. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.03 and a quick ratio of 1.03.

FLEETCOR Technologies (NYSE:FLT – Get Rating) last posted its earnings results on Wednesday, May 3rd. The business services provider reported $3.80 EPS for the quarter, topping the consensus estimate of $3.69 by $0.11. FLEETCOR Technologies had a return on equity of 44.25% and a net margin of 26.88%. The business had revenue of $901.30 million during the quarter, compared to analysts’ expectations of $881.03 million. During the same period in the previous year, the business earned $3.35 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Analysts anticipate 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.