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

Shares of FLEETCOR Technologies, Inc. (NYSE:FLT) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $299.67.

A number of equities analysts recently issued reports on the company. StockNews.com upgraded FLEETCOR Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Mizuho boosted their price objective on FLEETCOR Technologies from $235.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Robert W. Baird upgraded FLEETCOR Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $325.00 to $330.00 in a research report on Monday, March 4th. TheStreet upgraded FLEETCOR Technologies from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Finally, Jefferies Financial Group boosted their price objective on FLEETCOR Technologies from $325.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th.

FLEETCOR Technologies Stock Performance

NYSE FLT opened at $306.63 on Wednesday. FLEETCOR Technologies has a 52-week low of $191.76 and a 52-week high of $307.22. The company has a 50-day simple moving average of $284.54 and a 200 day simple moving average of $265.89. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $22.14 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22.

FLEETCOR Technologies (NYSE:FLT) last released its quarterly earnings results 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). FLEETCOR Technologies had a net margin of 26.13% and a return on equity of 37.56%. The company had revenue of $937.32 million during the quarter, compared to the consensus estimate of $967.01 million. During the same quarter last year, the firm earned $3.83 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that FLEETCOR Technologies will post 18.2 EPS for the current year.

Insider Transactions at FLEETCOR Technologies

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of FLEETCOR Technologies by 208.8% in the fourth quarter. Blue Trust Inc. now owns 105 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Covestor Ltd raised its holdings in FLEETCOR Technologies by 253.1% in the first 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. acquired a new stake in FLEETCOR Technologies in the first quarter valued at approximately $28,000. Fred Alger Management LLC raised its holdings in 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 acquiring an additional 86 shares in the last quarter. Finally, Clear Street Markets LLC raised its holdings in FLEETCOR Technologies by 93.3% in the first quarter. Clear Street Markets LLC now owns 145 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

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.