FourThought Financial LLC cut its holdings in FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 31.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308 shares of the business services provider’s stock after selling 140 shares during the period. FourThought Financial LLC’s holdings in FLEETCOR Technologies were worth $54,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in shares of FLEETCOR Technologies by 3.1% during the first quarter. Cetera Investment Advisers now owns 1,832 shares of the business services provider’s stock worth $456,000 after purchasing an additional 55 shares in the last quarter. Advisory Services Network LLC increased its position in shares of FLEETCOR Technologies by 6.8% during the first quarter. Advisory Services Network LLC now owns 1,112 shares of the business services provider’s stock worth $276,000 after purchasing an additional 71 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of FLEETCOR Technologies by 7.9% during the second quarter. Checchi Capital Advisers LLC now owns 1,012 shares of the business services provider’s stock worth $223,000 after purchasing an additional 74 shares in the last quarter. Covestor Ltd increased its position in shares of FLEETCOR Technologies by 253.1% during the first quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock worth $28,000 after purchasing an additional 81 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of FLEETCOR Technologies by 1.7% during the third quarter. Daiwa Securities Group Inc. now owns 5,021 shares of the business services provider’s stock worth $885,000 after purchasing an additional 83 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. StockNews.com assumed coverage on FLEETCOR Technologies in a research report on Thursday. They set a “hold” rating on the stock. Bank of America raised FLEETCOR Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $208.00 to $240.00 in a research report on Tuesday, January 31st. Truist Financial boosted their target price on FLEETCOR Technologies from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, January 20th. Credit Suisse Group upped their price target on FLEETCOR Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, February 10th. Finally, Wells Fargo & Company upped their price target on FLEETCOR Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, February 9th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, FLEETCOR Technologies has an average rating of “Moderate Buy” and an average price target of $249.50.
FLEETCOR Technologies Stock Down 2.5 %
FLEETCOR Technologies (NYSE:FLT – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The business services provider reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.11. The company had revenue of $883.60 million for the quarter, compared to the consensus estimate of $874.44 million. FLEETCOR Technologies had a return on equity of 44.21% and a net margin of 27.85%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $3.47 EPS. As a group, equities research analysts anticipate that FLEETCOR Technologies, Inc. will post 15.78 EPS for the current fiscal year.
FLEETCOR Technologies Company 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.
- Get a free copy of the StockNews.com research report on FLEETCOR Technologies (FLT)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding FLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating).
Receive News & Ratings for FLEETCOR Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLEETCOR Technologies and related companies with MarketBeat.com's FREE daily email newsletter.