Brinker Capital Inc. cut its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,615 shares of the business services provider’s stock after selling 973 shares during the quarter. Brinker Capital Inc.’s holdings in FleetCor Technologies were worth $5,500,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Capital Investment Advisory Services LLC acquired a new stake in FleetCor Technologies in the fourth quarter worth $25,000. Lindbrook Capital LLC acquired a new stake in FleetCor Technologies in the fourth quarter worth $28,000. AdvisorNet Financial Inc acquired a new stake in shares of FleetCor Technologies during the fourth quarter worth $53,000. Advisors Asset Management Inc. acquired a new stake in shares of FleetCor Technologies during the third quarter worth $107,000. Finally, Bremer Trust National Association acquired a new stake in shares of FleetCor Technologies during the fourth quarter worth $94,000. 66.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:FLT opened at $239.27 on Friday. FleetCor Technologies, Inc. has a 12 month low of $172.18 and a 12 month high of $239.34. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The firm has a market cap of $20.54 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.28 and a beta of 1.24.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Wednesday, February 6th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.08). FleetCor Technologies had a net margin of 33.35% and a return on equity of 25.73%. The business had revenue of $643.40 million during the quarter, compared to analyst estimates of $620.45 million. During the same quarter in the previous year, the firm posted $2.42 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts predict that FleetCor Technologies, Inc. will post 11.01 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on FLT shares. BTIG Research started coverage on shares of FleetCor Technologies in a report on Thursday, January 17th. They set a “buy” rating and a $253.00 price objective on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $238.00 price objective on shares of FleetCor Technologies in a report on Wednesday, February 20th. SunTrust Banks raised their price objective on shares of FleetCor Technologies from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. Deutsche Bank dropped their price objective on shares of FleetCor Technologies to $212.00 and set a “buy” rating on the stock in a report on Tuesday, December 18th. Finally, ValuEngine upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. FleetCor Technologies presently has a consensus rating of “Buy” and a consensus target price of $235.73.
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FleetCor Technologies Profile
FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.
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