FleetCor Technologies Insider Unloads $106,904 in Stock (FLT)
FleetCor Technologies (NYSE:FLT) Insider Timothy Downs sold 1,045 shares of FleetCor Technologies stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $102.30, for a total value of $106,903.50. Following the completion of the transaction, the insider now directly owns 23,791 shares in the company, valued at approximately $2,433,819. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
FLT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of FleetCor Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $126.30 price target on the stock. Finally, analysts at Barclays raised their price target on shares of FleetCor Technologies from $120.00 to $125.00 in a research note to investors on Thursday, October 31st. They now have an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $107.04.
FleetCor Technologies (NYSE:FLT) traded down 3.33% on Monday, hitting $101.69. 1,573,872 shares of the company’s stock traded hands. FleetCor Technologies has a 52-week low of $58.79 and a 52-week high of $123.96. The stock’s 50-day moving average is $114.5 and its 200-day moving average is $108.. The company has a market cap of $8.364 billion and a P/E ratio of 32.29.
FleetCor Technologies (NYSE:FLT) last released its earnings data on Wednesday, October 30th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.10. The company had revenue of $225.20 million for the quarter, compared to the consensus estimate of $216.32 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts predict that FleetCor Technologies will post $4.03 earnings per share for the current fiscal year.
FleetCor Technologies, Inc, is an independent global provider of fuel cards and workforce payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America and Europe.
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