Ensign Peak Advisors Inc Trims Stake in FLEETCOR Technologies, Inc. (NYSE:FLT)

Ensign Peak Advisors Inc trimmed its holdings in shares of FLEETCOR Technologies, Inc. (NYSE:FLT) by 40.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,845 shares of the business services provider’s stock after selling 4,615 shares during the quarter. Ensign Peak Advisors Inc’s holdings in FLEETCOR Technologies were worth $1,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Certified Advisory Corp purchased a new position in FLEETCOR Technologies during the first quarter worth about $27,000. Wealthcare Advisory Partners LLC purchased a new position in shares of FLEETCOR Technologies in the 1st quarter worth about $34,000. Regent Peak Wealth Advisors LLC purchased a new position in shares of FLEETCOR Technologies in the 4th quarter worth about $41,000. Tompkins Financial Corp purchased a new position in shares of FLEETCOR Technologies in the 4th quarter worth about $29,000. Finally, Childress Capital Advisors LLC purchased a new position in shares of FLEETCOR Technologies in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

A number of equities analysts have recently issued reports on FLT shares. Barclays upped their price objective on FLEETCOR Technologies from $310.00 to $321.00 and gave the stock an “overweight” rating in a report on Monday, May 10th. Susquehanna Bancshares upped their price objective on FLEETCOR Technologies from $305.00 to $350.00 and gave the stock a “positive” rating in a report on Thursday, April 1st. Mizuho increased their target price on FLEETCOR Technologies from $245.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, May 10th. Citigroup increased their target price on FLEETCOR Technologies from $310.00 to $335.00 in a report on Friday, May 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on FLEETCOR Technologies from $305.00 to $328.00 and gave the company a “buy” rating in a report on Friday, February 26th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $308.07.

FLT opened at $256.63 on Friday. The firm’s 50 day simple moving average is $276.81. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.99 and a quick ratio of 0.99. FLEETCOR Technologies, Inc. has a one year low of $214.88 and a one year high of $295.36.

FLEETCOR Technologies (NYSE:FLT) last released its quarterly earnings results on Wednesday, May 5th. The business services provider reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.10. The business had revenue of $608.62 million during the quarter, compared to analyst estimates of $605.61 million. FLEETCOR Technologies had a return on equity of 28.76% and a net margin of 31.73%. On average, analysts anticipate that FLEETCOR Technologies, Inc. will post 11.75 earnings per share for the current fiscal year.

FLEETCOR Technologies Company Profile

FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international suppliers, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyse and manage their corporate spending.

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

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