SG Americas Securities LLC reduced its stake in FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 12.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,169 shares of the business services provider’s stock after selling 452 shares during the period. SG Americas Securities LLC’s holdings in FLEETCOR Technologies were worth $558,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in FLT. Price T Rowe Associates Inc. MD boosted its holdings in shares of FLEETCOR Technologies by 16.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,528,923 shares of the business services provider’s stock worth $1,161,682,000 after acquiring an additional 775,047 shares during the period. Korea Investment CORP boosted its stake in FLEETCOR Technologies by 174.9% during the second quarter. Korea Investment CORP now owns 183,611 shares of the business services provider’s stock valued at $38,579,000 after buying an additional 116,811 shares during the period. Vanguard Group Inc. boosted its stake in FLEETCOR Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 8,624,531 shares of the business services provider’s stock valued at $2,148,025,000 after buying an additional 111,367 shares during the period. Azimuth Capital Investment Management LLC bought a new stake in FLEETCOR Technologies during the second quarter valued at $18,458,000. Finally, Cubist Systematic Strategies LLC boosted its stake in FLEETCOR Technologies by 550.8% during the second quarter. Cubist Systematic Strategies LLC now owns 101,269 shares of the business services provider’s stock valued at $21,278,000 after buying an additional 85,708 shares during the period. 90.49% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
FLT has been the subject of several research analyst reports. Robert W. Baird dropped their price objective on FLEETCOR Technologies from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, September 26th. Truist Financial lifted their price objective on FLEETCOR Technologies from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com began coverage on FLEETCOR Technologies in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada dropped their price target on FLEETCOR Technologies from $265.00 to $226.00 and set a “sector perform” rating for the company in a research note on Thursday, November 3rd. Finally, Bank of America lowered FLEETCOR Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $278.00 to $203.00 in a research note on Thursday, October 20th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, FLEETCOR Technologies presently has a consensus rating of “Hold” and a consensus price target of $238.08.
FLEETCOR Technologies Stock Up 0.9 %
FLEETCOR Technologies (NYSE:FLT – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $3.91 EPS for the quarter, topping the consensus estimate of $3.86 by $0.05. The firm had revenue of $893.00 million for the quarter, compared to the consensus estimate of $877.61 million. FLEETCOR Technologies had a return on equity of 42.85% and a net margin of 28.51%. During the same quarter in the previous year, the business earned $3.37 earnings per share. On average, equities analysts expect that FLEETCOR Technologies, Inc. will post 14.71 EPS for the current year.
FLEETCOR Technologies Profile
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.
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