Personal CFO Solutions LLC Takes $218,000 Position in FLEETCOR Technologies, Inc. (NYSE:FLT)

Personal CFO Solutions LLC purchased a new stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 868 shares of the business services provider’s stock, valued at approximately $218,000.

Several other hedge funds also recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of FLEETCOR Technologies by 253.1% in the 1st quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock worth $28,000 after acquiring an additional 81 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of FLEETCOR Technologies in the 1st quarter worth $28,000. BOKF NA acquired a new position in shares of FLEETCOR Technologies in the 1st quarter worth $29,000. Fred Alger Management LLC grew its holdings in shares of FLEETCOR Technologies by 102.4% in the 3rd quarter. Fred Alger Management LLC now owns 170 shares of the business services provider’s stock worth $30,000 after acquiring an additional 86 shares during the last quarter. Finally, Clear Street Markets LLC grew its holdings in shares of FLEETCOR Technologies by 93.3% in the 1st quarter. Clear Street Markets LLC now owns 145 shares of the business services provider’s stock worth $31,000 after acquiring an additional 70 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

FLEETCOR Technologies Price Performance

Shares of NYSE:FLT opened at $235.30 on Tuesday. FLEETCOR Technologies, Inc. has a fifty-two week low of $175.08 and a fifty-two week high of $278.35. The business has a 50-day moving average of $248.04 and a two-hundred day moving average of $248.78. The stock has a market capitalization of $16.99 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.21 and a beta of 1.20. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.02 and a quick ratio of 1.02.

FLEETCOR Technologies (NYSE:FLT) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $0.30. FLEETCOR Technologies had a return on equity of 39.20% and a net margin of 25.68%. The company had revenue of $970.89 million during the quarter, compared to analysts’ expectations of $973.87 million. During the same quarter in the previous year, the firm earned $3.91 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that FLEETCOR Technologies, Inc. will post 15.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FLT. Raymond James lifted their target price on FLEETCOR Technologies from $277.00 to $281.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. TheStreet cut FLEETCOR Technologies from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. UBS Group reaffirmed a “neutral” rating and issued a $280.00 target price on shares of FLEETCOR Technologies in a research report on Friday, October 20th. Barclays raised their target price on FLEETCOR Technologies from $270.00 to $322.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. Finally, Citigroup raised their target price on FLEETCOR Technologies from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $282.27.

FLEETCOR Technologies Company Profile

FLEETCOR Technologies, Inc, a business payments company that helps businesses spend less by enabling them to manage their expense-related purchasing and vendor payments processes. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.