Creative Planning Acquires 106 Shares of FleetCor Technologies, Inc. (NYSE:FLT)

Creative Planning boosted its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,092 shares of the business services provider’s stock after acquiring an additional 106 shares during the quarter. Creative Planning’s holdings in FleetCor Technologies were worth $2,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLT. Bray Capital Advisors purchased a new position in shares of FleetCor Technologies in the 2nd quarter worth about $25,000. Tradewinds Capital Management LLC purchased a new position in shares of FleetCor Technologies in the 3rd quarter worth about $29,000. Meeder Asset Management Inc. purchased a new position in shares of FleetCor Technologies in the 2nd quarter worth about $30,000. Signaturefd LLC boosted its holdings in shares of FleetCor Technologies by 50.7% in the 3rd quarter. Signaturefd LLC now owns 110 shares of the business services provider’s stock worth $32,000 after purchasing an additional 37 shares in the last quarter. Finally, Motco purchased a new position in shares of FleetCor Technologies in the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 93.87% of the company’s stock.

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on FleetCor Technologies from $341.00 to $344.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup upped their price objective on FleetCor Technologies from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Barclays set a $340.00 price objective on FleetCor Technologies and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada assumed coverage on FleetCor Technologies in a report on Monday, October 7th. They issued a “sector perform” rating and a $324.00 price objective for the company. Finally, Raymond James assumed coverage on FleetCor Technologies in a report on Monday, September 30th. They issued a “market perform” rating and a $314.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $286.22.

Shares of FLT stock opened at $293.45 on Friday. The stock has a market capitalization of $25.25 billion, a PE ratio of 29.55, a P/E/G ratio of 1.68 and a beta of 1.11. FleetCor Technologies, Inc. has a 1-year low of $172.18 and a 1-year high of $304.65. The business has a 50-day moving average of $290.99 and a 200 day moving average of $282.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.92 and a quick ratio of 0.92.

FleetCor Technologies (NYSE:FLT) last issued its earnings results on Wednesday, November 6th. The business services provider reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.20. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $679.68 million. FleetCor Technologies had a return on equity of 26.37% and a net margin of 35.29%. FleetCor Technologies’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.68 EPS. Analysts anticipate that FleetCor Technologies, Inc. will post 11.17 EPS for the current year.

About FleetCor Technologies

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

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