FLEETCOR Technologies, Inc. (NYSE:FLT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of FLEETCOR Technologies, Inc. (NYSE:FLT) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $299.67.

A number of equities analysts have recently issued reports on FLT shares. Citigroup raised their price target on FLEETCOR Technologies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. JPMorgan Chase & Co. raised their price target on FLEETCOR Technologies from $285.00 to $337.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. BMO Capital Markets dropped their price target on FLEETCOR Technologies from $340.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. UBS Group lifted their target price on FLEETCOR Technologies from $280.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Mizuho lifted their target price on FLEETCOR Technologies from $235.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th.

FLEETCOR Technologies Stock Performance

The company has a market cap of $21.90 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. The business has a 50 day simple moving average of $287.25 and a two-hundred day simple moving average of $267.25. FLEETCOR Technologies has a fifty-two week low of $194.60 and a fifty-two week high of $309.39. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40.

FLEETCOR Technologies (NYSE:FLT) last posted its earnings results on Wednesday, February 7th. The business services provider reported $4.44 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.04). The business had revenue of $937.32 million during the quarter, compared to the consensus estimate of $967.01 million. FLEETCOR Technologies had a return on equity of 37.56% and a net margin of 26.13%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.83 EPS. On average, equities research analysts forecast that FLEETCOR Technologies will post 18.2 EPS for the current fiscal year.

Insider Activity

In other FLEETCOR Technologies news, CEO Ronald Clarke sold 118,428 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $281.84, for a total value of $33,377,747.52. Following the sale, the chief executive officer now owns 2,023,491 shares of the company’s stock, valued at $570,300,703.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Alissa B. Vickery sold 2,794 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $290.31, for a total value of $811,126.14. Following the completion of the sale, the chief accounting officer now directly owns 1,885 shares of the company’s stock, valued at $547,234.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ronald Clarke sold 118,428 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $281.84, for a total transaction of $33,377,747.52. Following the transaction, the chief executive officer now directly owns 2,023,491 shares of the company’s stock, valued at $570,300,703.44. The disclosure for this sale can be found here. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in FLEETCOR Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 8,624,531 shares of the business services provider’s stock worth $2,148,025,000 after acquiring an additional 111,367 shares during the last quarter. BlackRock Inc. increased its stake in FLEETCOR Technologies by 0.3% during the 1st quarter. BlackRock Inc. now owns 5,374,603 shares of the business services provider’s stock worth $1,133,235,000 after buying an additional 17,207 shares during the period. JPMorgan Chase & Co. increased its stake in FLEETCOR Technologies by 4.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,723,307 shares of the business services provider’s stock worth $785,058,000 after buying an additional 152,349 shares during the period. Price T Rowe Associates Inc. MD increased its stake in FLEETCOR Technologies by 89.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,290,599 shares of the business services provider’s stock worth $693,824,000 after buying an additional 1,551,830 shares during the period. Finally, State Street Corp increased its stake in FLEETCOR Technologies by 2.7% during the 1st quarter. State Street Corp now owns 2,881,983 shares of the business services provider’s stock worth $607,660,000 after buying an additional 75,738 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About FLEETCOR Technologies

FLEETCOR Technologies, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. It operates through Vehicle Payments, Corporate Payments, Lodging Payments, and Other segments.