Mn Services Vermogensbeheer B.V. boosted its position in FleetCor Technologies, Inc. (NYSE:FLT) by 503.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,935 shares of the business services provider’s stock after buying an additional 12,460 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in FleetCor Technologies were worth $2,154,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of FleetCor Technologies during the first quarter worth about $104,000. Ropes Wealth Advisors LLC boosted its stake in shares of FleetCor Technologies by 112.9% in the first quarter. Ropes Wealth Advisors LLC now owns 745 shares of the business services provider’s stock worth $113,000 after buying an additional 395 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of FleetCor Technologies by 26.6% in the first quarter. Toronto Dominion Bank now owns 1,015 shares of the business services provider’s stock worth $154,000 after buying an additional 213 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of FleetCor Technologies by 1.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,059 shares of the business services provider’s stock worth $160,000 after buying an additional 12 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of FleetCor Technologies by 7.9% in the second quarter. Fulton Bank N.A. now owns 1,426 shares of the business services provider’s stock worth $206,000 after buying an additional 105 shares in the last quarter. Institutional investors own 95.32% of the company’s stock.
FleetCor Technologies, Inc. (NYSE:FLT) opened at 149.58 on Thursday. FleetCor Technologies, Inc. has a 12 month low of $121.52 and a 12 month high of $176.42. The firm’s 50-day moving average is $145.53 and its 200 day moving average is $149.47. The firm has a market capitalization of $13.80 billion, a P/E ratio of 30.60 and a beta of 1.44.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings results on Monday, May 1st. The business services provider reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.09. FleetCor Technologies had a net margin of 23.89% and a return on equity of 20.20%. The firm had revenue of $520.43 million during the quarter, compared to the consensus estimate of $514.56 million. During the same period last year, the firm earned $1.53 EPS. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, analysts expect that FleetCor Technologies, Inc. will post $8.34 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on FLT. William Blair restated an “outperform” rating on shares of FleetCor Technologies in a report on Wednesday, July 12th. J P Morgan Chase & Co restated an “overweight” rating and set a $138.00 price objective on shares of FleetCor Technologies in a report on Thursday, May 4th. Citigroup Inc. restated a “buy” rating and set a $180.00 price objective (up previously from $165.00) on shares of FleetCor Technologies in a report on Thursday, July 13th. BidaskClub cut FleetCor Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “buy” rating and set a $197.00 price objective on shares of FleetCor Technologies in a report on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $178.07.
In other news, Director Mark A. Johnson purchased 1,000 shares of the business’s stock in a transaction on Friday, May 5th. The stock was purchased at an average cost of $134.15 per share, with a total value of $134,150.00. Following the acquisition, the director now directly owns 102,491 shares in the company, valued at $13,749,167.65. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Armando Lins Netto purchased 750 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was purchased at an average cost of $133.44 per share, with a total value of $100,080.00. Following the completion of the acquisition, the chief executive officer now owns 4,710 shares in the company, valued at $628,502.40. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 8,850 shares of company stock valued at $1,208,985. Insiders own 4.30% of the company’s stock.
About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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