Aviva PLC lessened its holdings in shares of FLEETCOR Technologies, Inc. (NYSE:FLT) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,398 shares of the business services provider’s stock after selling 782 shares during the quarter. Aviva PLC’s holdings in FLEETCOR Technologies were worth $3,943,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Certified Advisory Corp purchased a new position in shares of FLEETCOR Technologies during the 1st quarter worth $27,000. PNC Managed Account Solutions Inc. purchased a new position in shares of FLEETCOR Technologies during the 2nd quarter worth $33,000. Exchange Traded Concepts LLC purchased a new position in shares of FLEETCOR Technologies during the 2nd quarter worth $46,000. Huntington National Bank lifted its stake in shares of FLEETCOR Technologies by 145.5% during the 2nd quarter. Huntington National Bank now owns 270 shares of the business services provider’s stock worth $69,000 after purchasing an additional 160 shares during the period. Finally, Guardian Wealth Advisors LLC purchased a new position in shares of FLEETCOR Technologies during the 1st quarter worth $141,000. 91.54% of the stock is currently owned by institutional investors.
FLT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on FLEETCOR Technologies from $305.00 to $319.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 17th. Morgan Stanley increased their target price on FLEETCOR Technologies from $275.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 5th. TheStreet raised FLEETCOR Technologies from a “c+” rating to a “b” rating in a research report on Friday, August 6th. Finally, Credit Suisse Group increased their target price on FLEETCOR Technologies from $270.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 6th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $318.00.
FLEETCOR Technologies (NYSE:FLT) last announced its quarterly earnings results on Wednesday, August 4th. The business services provider reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.21. FLEETCOR Technologies had a return on equity of 29.53% and a net margin of 31.43%. The firm had revenue of $667.38 million during the quarter, compared to the consensus estimate of $637.45 million. During the same period in the prior year, the firm earned $2.28 EPS. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. On average, sell-side analysts forecast that FLEETCOR Technologies, Inc. will post 12.31 EPS for the current fiscal year.
FLEETCOR Technologies Profile
FLEETCOR Technologies, Inc engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F.
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