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

Shares of FLEETCOR Technologies, Inc. (NYSE:FLT) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $299.67.

Several analysts have recently commented on the company. TheStreet upgraded FLEETCOR Technologies from a “c+” rating to a “b-” rating in a report on Friday, January 12th. Royal Bank of Canada raised their target price on FLEETCOR Technologies from $270.00 to $302.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised their target price on FLEETCOR Technologies from $285.00 to $337.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. UBS Group raised their target price on FLEETCOR Technologies from $280.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Citigroup raised their target price on FLEETCOR Technologies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, January 12th.

Insider Buying and Selling at FLEETCOR Technologies

In other news, CEO Ronald Clarke sold 118,428 shares of the firm’s 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Alissa B. Vickery sold 2,794 shares of the firm’s 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ronald Clarke sold 118,428 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were 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 $570,300,703.44. The disclosure for this sale can be found here. Company insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On FLEETCOR Technologies

Several institutional investors have recently bought and sold shares of FLT. Blue Trust Inc. boosted its holdings in FLEETCOR Technologies by 208.8% in the 4th quarter. Blue Trust Inc. now owns 105 shares of the business services provider’s stock worth $27,000 after buying an additional 71 shares during the last quarter. Covestor Ltd boosted its holdings in 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 buying an additional 81 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in FLEETCOR Technologies in the 1st quarter worth about $28,000. Fred Alger Management LLC boosted its holdings in 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 buying an additional 86 shares during the last quarter. Finally, Clear Street Markets LLC boosted its holdings in 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 buying an additional 70 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

FLEETCOR Technologies Stock Performance

Shares of FLT opened at $303.26 on Wednesday. FLEETCOR Technologies has a 12 month low of $194.60 and a 12 month high of $309.39. The stock has a fifty day moving average price of $285.97 and a 200-day moving average price of $266.55. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. The firm has a market cap 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 (NYSE:FLT) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $4.44 EPS 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 business had revenue of $937.32 million for the quarter, compared to analysts’ expectations of $967.01 million. During the same quarter in the prior year, the company posted $3.83 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts predict that FLEETCOR Technologies will post 18.2 earnings per share for the current fiscal year.

FLEETCOR Technologies Company Profile

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.