Siemens Fonds Invest GmbH Takes $221,000 Position in FLEETCOR Technologies, Inc. (NYSE:FLT)

Siemens Fonds Invest GmbH acquired a new position in shares of FLEETCOR Technologies, Inc. (NYSE:FLTGet Rating) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 886 shares of the business services provider’s stock, valued at approximately $221,000.

Other hedge funds have also recently made changes to their positions in the company. Covestor Ltd grew its stake 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 buying an additional 81 shares in the last quarter. Allworth Financial LP acquired a new position in FLEETCOR Technologies in the 1st quarter valued at about $29,000. Lazard Asset Management LLC purchased a new stake in FLEETCOR Technologies during the first quarter worth about $35,000. CVA Family Office LLC acquired a new stake in shares of FLEETCOR Technologies during the first quarter worth about $42,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of FLEETCOR Technologies in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of FLEETCOR Technologies from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Thursday, June 9th. Royal Bank of Canada lowered their target price on FLEETCOR Technologies from $300.00 to $265.00 and set a “sector perform” rating for the company in a research note on Thursday, August 4th. Mizuho increased their price target on FLEETCOR Technologies from $250.00 to $256.00 and gave the company a “neutral” rating in a research report on Tuesday, August 9th. Morgan Stanley lowered their price objective on FLEETCOR Technologies from $268.00 to $254.00 and set an “equal weight” rating for the company in a research report on Thursday, August 4th. Finally, Wells Fargo & Company reduced their target price on shares of FLEETCOR Technologies from $298.00 to $274.00 and set an “overweight” rating on the stock in a report on Thursday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $282.67.

FLEETCOR Technologies Stock Up 3.1 %

Shares of NYSE:FLT opened at $220.46 on Monday. The firm has a 50 day simple moving average of $220.13 and a 200-day simple moving average of $231.36. FLEETCOR Technologies, Inc. has a twelve month low of $200.78 and a twelve month high of $282.02. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $16.54 billion, a PE ratio of 18.94, a P/E/G ratio of 1.06 and a beta of 1.21.

About FLEETCOR Technologies

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FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. 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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