Raymond James Financial Services Advisors Inc. boosted its stake in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 42.7% during the first quarter, Holdings Channel reports. The institutional investor owned 2,183 shares of the business services provider’s stock after buying an additional 653 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in FleetCor Technologies were worth $331,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in FleetCor Technologies during the first quarter valued at approximately $104,000. Ropes Wealth Advisors LLC raised its position in FleetCor Technologies by 112.9% in the first quarter. Ropes Wealth Advisors LLC now owns 745 shares of the business services provider’s stock valued at $113,000 after buying an additional 395 shares in the last quarter. Toronto Dominion Bank raised its position in FleetCor Technologies by 26.6% in the first quarter. Toronto Dominion Bank now owns 1,015 shares of the business services provider’s stock valued at $154,000 after buying an additional 213 shares in the last quarter. Commerce Bank purchased a new position in FleetCor Technologies during the first quarter valued at approximately $215,000. Finally, Tredje AP fonden bought a new stake in FleetCor Technologies during the fourth quarter worth $228,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FleetCor Technologies, Inc. (NYSE:FLT) opened at 144.41 on Monday. FleetCor Technologies, Inc. has a 52-week low of $121.52 and a 52-week high of $176.42. The company’s 50-day moving average is $140.99 and its 200 day moving average is $149.74. The firm has a market capitalization of $13.32 billion, a P/E ratio of 29.54 and a beta of 1.35.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Monday, May 1st. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.09. FleetCor Technologies had a net margin of 23.89% and a return on equity of 20.20%. The business had revenue of $520.43 million for the quarter, compared to analysts’ expectations of $514.56 million. During the same period last year, the business earned $1.53 earnings per share. The business’s quarterly revenue was up 25.6% on a year-over-year basis. Analysts expect that FleetCor Technologies, Inc. will post $8.34 EPS for the current fiscal year.
WARNING: This piece of content was originally published by sleekmoney and is the property of of sleekmoney. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://sleekmoney.com/fleetcor-technologies-inc-flt-stake-raised-by-raymond-james-financial-services-advisors-inc/1920625.html.
FLT has been the topic of a number of research analyst reports. SunTrust Banks, Inc. restated a “buy” rating on shares of FleetCor Technologies in a research note on Wednesday, May 3rd. Compass Point upgraded shares of FleetCor Technologies from a “neutral” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Wednesday, May 3rd. Jefferies Group LLC restated a “buy” rating and issued a $197.00 price target on shares of FleetCor Technologies in a research note on Tuesday, May 2nd. Deutsche Bank AG restated a “buy” rating and issued a $185.00 price target on shares of FleetCor Technologies in a research note on Monday, April 24th. Finally, Wells Fargo & Company set a $175.00 price target on shares of FleetCor Technologies and gave the company a “buy” rating in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $177.07.
In other FleetCor Technologies news, Director Mark A. Johnson purchased 1,000 shares of FleetCor Technologies stock in a transaction on Friday, May 5th. The shares were acquired at an average cost of $134.15 per share, for a total transaction of $134,150.00. Following the completion of the transaction, the director now directly owns 102,491 shares of the company’s stock, valued at $13,749,167.65. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Alexey Gavrilenya acquired 5,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were bought at an average cost of $138.50 per share, with a total value of $692,500.00. Following the purchase, the insider now owns 5,000 shares of the company’s stock, valued at approximately $692,500. The disclosure for this purchase can be found here. Insiders have acquired 8,850 shares of company stock worth $1,208,985 over the last quarter. Company insiders own 4.60% of the company’s stock.
About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
Want to see what other hedge funds are holding FLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FleetCor Technologies, Inc. (NYSE:FLT).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/fleetcor-technologies-inc-flt-stake-raised-by-raymond-james-financial-services-advisors-inc/1920625.html
Receive News & Ratings for FleetCor Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.