FLEETCOR Technologies, Inc. (NYSE:FLT) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in FLEETCOR Technologies, Inc. (NYSE:FLT) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,375 shares of the business services provider’s stock after buying an additional 389 shares during the quarter. Daiwa Securities Group Inc.’s holdings in FLEETCOR Technologies were worth $1,802,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of FLEETCOR Technologies by 64.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 859 shares of the business services provider’s stock valued at $219,000 after buying an additional 337 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of FLEETCOR Technologies by 223.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,621 shares of the business services provider’s stock valued at $5,545,000 after buying an additional 13,562 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of FLEETCOR Technologies in the third quarter valued at $746,000. Fifth Third Bancorp lifted its holdings in shares of FLEETCOR Technologies by 5.2% in the third quarter. Fifth Third Bancorp now owns 2,308 shares of the business services provider’s stock valued at $589,000 after buying an additional 114 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of FLEETCOR Technologies by 16.7% in the third quarter. Invesco Ltd. now owns 903,513 shares of the business services provider’s stock valued at $230,703,000 after buying an additional 129,552 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

FLEETCOR Technologies Stock Performance

Shares of FLT stock opened at $303.26 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.04 and a quick ratio of 1.04. FLEETCOR Technologies, Inc. has a fifty-two week low of $194.60 and a fifty-two week high of $309.39. The stock’s 50-day moving average is $287.77 and its two-hundred day moving average is $267.50. The firm has a market cap of $21.90 billion, a P/E ratio of 22.97, a PEG ratio of 1.15 and a beta of 1.22.

FLEETCOR Technologies (NYSE:FLT) last issued its earnings results 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). FLEETCOR Technologies had a return on equity of 37.56% and a net margin of 26.13%. The firm had revenue of $937.32 million during the quarter, compared to analyst estimates of $967.01 million. During the same period in the previous year, the company earned $3.83 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts predict that FLEETCOR Technologies, Inc. will post 18.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com assumed coverage on FLEETCOR Technologies in a report on Friday. They set a “buy” rating for the company. William Blair reaffirmed an “outperform” rating on shares of FLEETCOR Technologies in a report on Thursday, February 8th. Mizuho upped their target price on FLEETCOR Technologies from $235.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Royal Bank of Canada upped their target price on FLEETCOR Technologies from $270.00 to $302.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Finally, UBS Group upped their target price on FLEETCOR Technologies from $280.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $299.67.

Insiders Place Their Bets

In other FLEETCOR Technologies news, CEO Ronald Clarke sold 118,428 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $281.84, for a total value of $33,377,747.52. Following the transaction, the chief executive officer now directly owns 2,023,491 shares of the company’s stock, valued at approximately $570,300,703.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Ronald Clarke sold 118,428 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $281.84, for a total transaction of $33,377,747.52. Following the transaction, the chief executive officer now owns 2,023,491 shares of the company’s stock, valued at approximately $570,300,703.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Alissa B. Vickery sold 2,794 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $290.31, for a total value of $811,126.14. Following the transaction, the chief accounting officer now directly owns 1,885 shares in the company, valued at approximately $547,234.35. The disclosure for this sale can be found here. Insiders own 6.50% of the company’s stock.

About FLEETCOR Technologies

FLEETCOR Technologies, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. It operates through Vehicle Payments, Corporate Payments, Lodging Payments, and Other segments.