Traders Purchase High Volume of Call Options on FleetCor Technologies (FLT)
FleetCor Technologies (NYSE:FLT) was the target of some unusual options trading activity on Wednesday. Traders purchased 456 call options on the company, American Banking News reports. This represents an increase of 143% compared to the average volume of 188 call options.
In other FleetCor Technologies news, CEO Andrew Blazye sold 2,975 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $130.91, for a total value of $389,457.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
FLT has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of FleetCor Technologies from $139.00 to $149.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of FleetCor Technologies in a research note on Friday, August 1st. They now have a $155.00 price target on the stock, up previously from $150.00. Finally, analysts at Piper Jaffray initiated coverage on shares of FleetCor Technologies in a research note on Wednesday, July 16th. They set a “neutral” rating and a $134.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $143.00.
FleetCor Technologies (NYSE:FLT) traded up 9.78% during mid-day trading on Wednesday, hitting $142.10. The stock had a trading volume of 2,692,258 shares. FleetCor Technologies has a 52-week low of $96.12 and a 52-week high of $138.19. The stock’s 50-day moving average is $131.5 and its 200-day moving average is $122.8. The company has a market cap of $11.829 billion and a P/E ratio of 35.66.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.02. The company had revenue of $273.50 million for the quarter, compared to the consensus estimate of $273.70 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. On average, analysts predict that FleetCor Technologies will post $5.09 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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