First National Bank of Omaha lowered its position in FleetCor Technologies, Inc. (NYSE:FLT) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,463 shares of the business services provider’s stock after selling 983 shares during the quarter. First National Bank of Omaha’s holdings in FleetCor Technologies were worth $7,708,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in FLT. FNY Partners Fund LP purchased a new position in FleetCor Technologies in the 3rd quarter worth about $125,000. Toronto Dominion Bank increased its stake in FleetCor Technologies by 11.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after buying an additional 113 shares during the period. First Personal Financial Services increased its stake in FleetCor Technologies by 31.4% in the 4th quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock worth $196,000 after buying an additional 244 shares during the period. IBM Retirement Fund purchased a new position in FleetCor Technologies in the 3rd quarter worth about $211,000. Finally, SG Americas Securities LLC purchased a new position in FleetCor Technologies in the 4th quarter worth about $216,000. 95.38% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $236.00 price target on shares of FleetCor Technologies in a research note on Thursday, February 8th. Credit Suisse Group raised their price target on shares of FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Oppenheimer raised their price target on shares of FleetCor Technologies from $194.00 to $247.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. SunTrust Banks set a $240.00 price target on shares of FleetCor Technologies and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Wells Fargo & Co set a $225.00 target price on shares of FleetCor Technologies and gave the stock a “buy” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $209.21.
Shares of FleetCor Technologies, Inc. (NYSE:FLT) traded down $1.35 during trading on Wednesday, reaching $192.85. 230,562 shares of the company’s stock traded hands, compared to its average volume of 598,971. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86. FleetCor Technologies, Inc. has a one year low of $121.52 and a one year high of $213.74. The company has a market cap of $17,304.33, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.22 and a beta of 1.52.
FleetCor Technologies (NYSE:FLT) last issued its earnings results on Thursday, February 8th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $605.87 million. During the same period in the prior year, the business earned $1.90 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. research analysts predict that FleetCor Technologies, Inc. will post 9.59 earnings per share for the current year.
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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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