Tealwood Asset Management Inc. increased its stake in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,869 shares of the business services provider’s stock after buying an additional 115 shares during the period. Tealwood Asset Management Inc.’s holdings in FleetCor Technologies were worth $1,856,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of FLT. CWM LLC acquired a new stake in shares of FleetCor Technologies during the first quarter valued at $4,155,000. Russell Investments Group Ltd. increased its stake in FleetCor Technologies by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 390,775 shares of the business services provider’s stock worth $59,173,000 after buying an additional 21,727 shares during the period. US Bancorp DE boosted its position in shares of FleetCor Technologies by 4.6% in the first quarter. US Bancorp DE now owns 12,267 shares of the business services provider’s stock valued at $1,858,000 after buying an additional 540 shares in the last quarter. Morgan Stanley boosted its position in shares of FleetCor Technologies by 522.4% in the first quarter. Morgan Stanley now owns 517,598 shares of the business services provider’s stock valued at $78,381,000 after buying an additional 434,443 shares in the last quarter. Finally, Delta Lloyd NV boosted its position in shares of FleetCor Technologies by 48.1% in the first quarter. Delta Lloyd NV now owns 9,049 shares of the business services provider’s stock valued at $1,277,000 after buying an additional 2,940 shares in the last quarter. Institutional investors own 95.32% of the company’s stock.
Shares of FleetCor Technologies, Inc. (NYSE FLT) traded up 0.17% during mid-day trading on Friday, hitting $152.05. The stock had a trading volume of 415,755 shares. The firm’s 50 day moving average price is $146.07 and its 200-day moving average price is $149.58. FleetCor Technologies, Inc. has a one year low of $121.52 and a one year high of $176.42. The company has a market cap of $14.03 billion, a PE ratio of 31.10 and a beta of 1.44.
FleetCor Technologies (NYSE:FLT) last released its quarterly earnings results on Monday, May 1st. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $520.43 million during the quarter, compared to analysts’ expectations of $514.56 million. During the same period in the prior year, the company earned $1.53 earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, equities research analysts anticipate that FleetCor Technologies, Inc. will post $8.34 earnings per share for the current fiscal year.
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A number of analysts have recently commented on FLT shares. Morgan Stanley restated an “overweight” rating and issued a $184.00 price objective on shares of FleetCor Technologies in a research report on Monday, April 3rd. Jefferies Group LLC reissued a “buy” rating and set a $197.00 price objective on shares of FleetCor Technologies in a research note on Tuesday, April 4th. Wells Fargo & Company set a $175.00 price target on FleetCor Technologies and gave the company a “buy” rating in a research note on Wednesday, April 5th. Deutsche Bank AG reissued a “buy” rating and set a $185.00 target price on shares of FleetCor Technologies in a research note on Monday, April 24th. Finally, Zacks Investment Research downgraded FleetCor Technologies from a “hold” rating to a “sell” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $178.07.
In other news, Director Mark A. Johnson purchased 1,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was bought at an average cost of $134.15 per share, for a total transaction of $134,150.00. Following the completion of the acquisition, the director now directly owns 102,491 shares of the company’s stock, valued at $13,749,167.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alexey Gavrilenya bought 5,000 shares of FleetCor Technologies stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average price of $138.50 per share, with a total value of $692,500.00. Following the purchase, the insider now owns 5,000 shares of the company’s stock, valued at approximately $692,500. The disclosure for this purchase can be found here. Insiders have acquired 8,850 shares of company stock valued at $1,208,985 over the last 90 days. Corporate 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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