Voya Investment Management LLC Has $13.86 Million Position in FleetCor Technologies, Inc. (NYSE:FLT)

Voya Investment Management LLC grew its holdings in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,329 shares of the business services provider’s stock after acquiring an additional 275 shares during the period. Voya Investment Management LLC’s holdings in FleetCor Technologies were worth $13,860,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Psagot Investment House Ltd. grew its holdings in FleetCor Technologies by 33.4% during the 3rd quarter. Psagot Investment House Ltd. now owns 23,179 shares of the business services provider’s stock worth $6,647,000 after acquiring an additional 5,802 shares during the period. Cetera Investment Advisers acquired a new stake in FleetCor Technologies during the 3rd quarter worth about $266,000. Cetera Advisor Networks LLC acquired a new stake in FleetCor Technologies during the 3rd quarter worth about $227,000. Meridian Management Co. grew its holdings in FleetCor Technologies by 0.8% during the 3rd quarter. Meridian Management Co. now owns 8,190 shares of the business services provider’s stock worth $2,349,000 after acquiring an additional 65 shares during the period. Finally, BBVA USA Bancshares Inc. acquired a new stake in FleetCor Technologies during the 3rd quarter worth about $354,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

In other news, insider Eales John bought 2,000 shares of FleetCor Technologies stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of $39.79 per share, for a total transaction of $79,572.00. Also, insider Garnsey Colette purchased 1,250 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $40.66 per share, for a total transaction of $50,825.00. Company insiders own 5.70% of the company’s stock.

A number of analysts have weighed in on the company. Royal Bank of Canada assumed coverage on FleetCor Technologies in a report on Monday, October 7th. They set a “sector perform” rating and a $324.00 price target for the company. Barclays set a $340.00 price target on FleetCor Technologies and gave the stock a “buy” rating in a report on Monday, August 12th. Citigroup increased their price target on FleetCor Technologies from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, September 9th. SunTrust Banks reiterated a “buy” rating and set a $345.00 price target (up from $320.00) on shares of FleetCor Technologies in a report on Thursday, October 10th. Finally, Raymond James assumed coverage on FleetCor Technologies in a report on Monday, September 30th. They set a “market perform” rating and a $314.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. FleetCor Technologies has an average rating of “Hold” and an average price target of $282.82.

Shares of FLT opened at $308.42 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50-day moving average of $296.57 and a 200-day moving average of $286.84. The company has a market cap of $26.63 billion, a PE ratio of 31.06, a P/E/G ratio of 1.76 and a beta of 1.12. FleetCor Technologies, Inc. has a one year low of $172.18 and a one year high of $315.75.

FleetCor Technologies (NYSE:FLT) last issued its earnings results on Wednesday, November 6th. The business services provider reported $3.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $679.68 million. FleetCor Technologies had a return on equity of 26.81% and a net margin of 37.08%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $2.68 EPS. Analysts expect that FleetCor Technologies, Inc. will post 11.22 EPS for the current fiscal year.

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

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