FLEETCOR Technologies, Inc. (NYSE:FLT) Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC trimmed its position in FLEETCOR Technologies, Inc. (NYSE:FLT) by 14.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 849 shares of the business services provider’s stock after selling 148 shares during the period. Curated Wealth Partners LLC’s holdings in FLEETCOR Technologies were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of FLEETCOR Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 8,624,531 shares of the business services provider’s stock worth $2,148,025,000 after purchasing an additional 111,367 shares during the last quarter. BlackRock Inc. lifted its holdings in FLEETCOR Technologies by 0.3% in the first quarter. BlackRock Inc. now owns 5,374,603 shares of the business services provider’s stock valued at $1,133,235,000 after acquiring an additional 17,207 shares during the last quarter. Orbis Allan Gray Ltd lifted its holdings in FLEETCOR Technologies by 5.6% in the first quarter. Orbis Allan Gray Ltd now owns 5,089,978 shares of the business services provider’s stock valued at $1,073,222,000 after acquiring an additional 268,052 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in FLEETCOR Technologies by 4.3% in the first quarter. JPMorgan Chase & Co. now owns 3,723,307 shares of the business services provider’s stock valued at $785,058,000 after acquiring an additional 152,349 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in FLEETCOR Technologies by 89.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,290,599 shares of the business services provider’s stock valued at $693,824,000 after acquiring an additional 1,551,830 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

FLEETCOR Technologies Stock Performance

Shares of FLT stock opened at $272.86 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.43. The firm has a fifty day moving average price of $261.26 and a 200 day moving average price of $236.46. The company has a market cap of $20.19 billion, a P/E ratio of 22.00, a PEG ratio of 1.38 and a beta of 1.20. FLEETCOR Technologies, Inc. has a 12 month low of $161.69 and a 12 month high of $275.82.

FLEETCOR Technologies (NYSE:FLT) last issued its earnings results on Tuesday, August 8th. The business services provider reported $3.85 EPS for the quarter, missing analysts’ consensus estimates of $3.87 by ($0.02). The firm had revenue of $948.17 million for the quarter, compared to analyst estimates of $945.21 million. FLEETCOR Technologies had a return on equity of 41.53% and a net margin of 25.61%. Sell-side analysts predict that FLEETCOR Technologies, Inc. will post 15.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on FLT. Citigroup upped their price objective on FLEETCOR Technologies from $250.00 to $285.00 and gave the company a “buy” rating in a report on Monday, August 7th. Truist Financial upped their price objective on FLEETCOR Technologies from $305.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on FLEETCOR Technologies from $275.00 to $326.00 and gave the company an “overweight” rating in a research report on Tuesday, August 22nd. Robert W. Baird boosted their target price on FLEETCOR Technologies from $256.00 to $275.00 in a research report on Wednesday, July 19th. Finally, Jefferies Financial Group boosted their target price on FLEETCOR Technologies from $255.00 to $300.00 in a research report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, FLEETCOR Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $277.67.

FLEETCOR Technologies Profile

FLEETCOR Technologies, Inc, a business payments company that helps businesses spend less by enabling them to manage their expense-related purchasing and vendor payments processes. 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.