FLEETCOR Technologies, Inc. (NYSE:FLT) Receives Average Recommendation of “Moderate Buy” from Brokerages

FLEETCOR Technologies, Inc. (NYSE:FLT) has received an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $299.67.

FLT has been the subject of a number of research reports. William Blair reiterated an “outperform” rating on shares of FLEETCOR Technologies in a report on Thursday, February 8th. JPMorgan Chase & Co. lifted their price objective on shares of FLEETCOR Technologies from $285.00 to $337.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. StockNews.com started coverage on shares of FLEETCOR Technologies in a report on Thursday. They set a “buy” rating for the company. BMO Capital Markets lowered their price target on shares of FLEETCOR Technologies from $340.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Finally, Jefferies Financial Group increased their price objective on shares of FLEETCOR Technologies from $325.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On FLEETCOR Technologies

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in FLEETCOR Technologies by 208.8% during the 4th quarter. Blue Trust Inc. now owns 105 shares of the business services provider’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Covestor Ltd lifted its stake in FLEETCOR Technologies by 253.1% during the 1st quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 81 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in FLEETCOR Technologies during the 1st quarter worth $28,000. Fred Alger Management LLC raised its holdings in shares of FLEETCOR Technologies by 102.4% in the third quarter. Fred Alger Management LLC now owns 170 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 86 shares during the last quarter. Finally, Clear Street Markets LLC lifted its position in shares of FLEETCOR Technologies by 93.3% during the first quarter. Clear Street Markets LLC now owns 145 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

FLEETCOR Technologies Stock Performance

The company has a market capitalization of $21.90 billion, a PE ratio of 22.97, a P/E/G ratio of 1.15 and a beta of 1.22. FLEETCOR Technologies has a 1-year low of $194.60 and a 1-year high of $309.39. The stock’s 50-day moving average is $287.25 and its 200-day moving average is $267.25. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.04.

FLEETCOR Technologies (NYSE:FLT) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $4.44 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.04). The business had revenue of $937.32 million for the quarter, compared to the consensus estimate of $967.01 million. FLEETCOR Technologies had a net margin of 26.13% and a return on equity of 37.56%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 EPS. As a group, equities analysts forecast that FLEETCOR Technologies will post 18.2 EPS for the current year.

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.