Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 1,993 Shares of FLEETCOR Technologies, Inc. (NYSE:FLT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLTFree Report) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,870 shares of the business services provider’s stock after purchasing an additional 1,993 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FLEETCOR Technologies were worth $3,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 acquiring an additional 111,367 shares during the period. BlackRock Inc. boosted its position in FLEETCOR Technologies by 0.3% during the first quarter. BlackRock Inc. now owns 5,374,603 shares of the business services provider’s stock worth $1,133,235,000 after purchasing an additional 17,207 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 152,349 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of FLEETCOR Technologies by 89.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,290,599 shares of the business services provider’s stock worth $693,824,000 after buying an additional 1,551,830 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of FLEETCOR Technologies by 0.9% during the 2nd quarter. State Street Corp now owns 2,908,025 shares of the business services provider’s stock worth $730,147,000 after buying an additional 26,042 shares during the period. Institutional investors own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FLT. Raymond James raised their price objective on shares of FLEETCOR Technologies from $277.00 to $281.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Robert W. Baird increased their price objective on FLEETCOR Technologies from $302.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Royal Bank of Canada boosted their target price on shares of FLEETCOR Technologies from $270.00 to $302.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Morgan Stanley dropped their price objective on shares of FLEETCOR Technologies from $244.00 to $240.00 and set an “equal weight” rating for the company in a research note on Thursday, November 9th. Finally, Citigroup increased their target price on shares of FLEETCOR Technologies from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $296.33.

Get Our Latest Stock Report on FLEETCOR Technologies

FLEETCOR Technologies Stock Down 0.9 %

Shares of NYSE FLT opened at $270.95 on Tuesday. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.19 and a beta of 1.26. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average price of $279.27 and a two-hundred day moving average price of $261.60. FLEETCOR Technologies, Inc. has a 12 month low of $185.04 and a 12 month high of $298.48.

FLEETCOR Technologies (NYSE:FLTGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $4.44 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.04). The firm had revenue of $937.32 million for the quarter, compared to analyst estimates of $967.01 million. FLEETCOR Technologies had a net margin of 26.13% and a return on equity of 37.56%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $3.83 EPS. As a group, analysts forecast that FLEETCOR Technologies, Inc. will post 18.11 earnings per share for the current fiscal year.

FLEETCOR Technologies Profile

(Free Report)

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.

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

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