FleetCor Technologies, Inc. (FLT) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its position in FleetCor Technologies, Inc. (NYSE:FLT) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,180 shares of the business services provider’s stock after selling 8,166 shares during the period. Gateway Investment Advisers LLC’s holdings in FleetCor Technologies were worth $6,770,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in shares of FleetCor Technologies by 207.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,708 shares of the business services provider’s stock worth $967,000 after buying an additional 4,525 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new position in shares of FleetCor Technologies in the 3rd quarter worth approximately $11,608,000. California Public Employees Retirement System grew its position in FleetCor Technologies by 4.5% during the 3rd quarter. California Public Employees Retirement System now owns 170,177 shares of the business services provider’s stock worth $26,338,000 after purchasing an additional 7,377 shares during the last quarter. Ameriprise Financial Inc. grew its position in FleetCor Technologies by 31.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,701,521 shares of the business services provider’s stock worth $263,344,000 after purchasing an additional 404,670 shares during the last quarter. Finally, Kensico Capital Management Corp grew its position in FleetCor Technologies by 52.5% during the 3rd quarter. Kensico Capital Management Corp now owns 450,000 shares of the business services provider’s stock worth $69,647,000 after purchasing an additional 155,000 shares during the last quarter. 95.38% of the stock is currently owned by hedge funds and other institutional investors.

FleetCor Technologies, Inc. (NYSE:FLT) traded up $2.77 during mid-day trading on Monday, hitting $192.69. 813,378 shares of the stock traded hands, compared to its average volume of 613,879. The stock has a market cap of $17,090.00, a P/E ratio of 24.30, a P/E/G ratio of 1.23 and a beta of 1.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84. FleetCor Technologies, Inc. has a fifty-two week low of $121.52 and a fifty-two week high of $213.74.

FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, beating the consensus estimate of $2.33 by $0.09. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.59%. The business had revenue of $610.00 million for the quarter, compared to the consensus estimate of $605.87 million. During the same period in the prior year, the firm earned $1.90 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. equities analysts forecast that FleetCor Technologies, Inc. will post 9.39 earnings per share for the current year.

Several research firms have weighed in on FLT. Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Morgan Stanley boosted their target price on shares of FleetCor Technologies from $194.00 to $232.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. SunTrust Banks set a $240.00 target price on shares of FleetCor Technologies and gave the stock a “buy” rating in a research report on Monday, February 5th. Credit Suisse Group boosted their target price on shares of FleetCor Technologies from $186.00 to $206.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Finally, Oppenheimer boosted their target price on shares of FleetCor Technologies from $194.00 to $247.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $209.21.

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FleetCor Technologies Company Profile

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.

Institutional Ownership by Quarter for FleetCor Technologies (NYSE:FLT)

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