Bainco International Investors cut its position in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,627 shares of the business services provider’s stock after selling 275 shares during the quarter. FleetCor Technologies makes up about 1.2% of Bainco International Investors’ holdings, making the stock its 26th biggest position. Bainco International Investors’ holdings in FleetCor Technologies were worth $9,832,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. FNY Partners Fund LP bought a new stake in FleetCor Technologies in the third quarter worth about $125,000. First Personal Financial Services raised its position in FleetCor Technologies by 31.4% in the fourth quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock worth $196,000 after acquiring an additional 244 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new stake in FleetCor Technologies in the fourth quarter worth about $207,000. SG Americas Securities LLC bought a new stake in FleetCor Technologies in the fourth quarter worth about $216,000. Finally, Cigna Investments Inc. New bought a new stake in FleetCor Technologies in the fourth quarter worth about $222,000. Institutional investors and hedge funds own 93.83% of the company’s stock.
Shares of FleetCor Technologies, Inc. (FLT) opened at $209.40 on Monday. FleetCor Technologies, Inc. has a 12-month low of $121.52 and a 12-month high of $213.74. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $18,810.00, a P/E ratio of 31.97, a PEG ratio of 1.32 and a beta of 1.52.
FLT has been the topic of several research reports. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research report on Wednesday, January 17th. Morgan Stanley lifted their price objective on shares of FleetCor Technologies from $194.00 to $232.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Credit Suisse Group boosted their price target on shares of FleetCor Technologies from $186.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Oppenheimer boosted their price target on shares of FleetCor Technologies from $194.00 to $247.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, SunTrust Banks set a $240.00 price target on shares of FleetCor Technologies and gave the company a “buy” rating in a research report on Monday, February 5th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. FleetCor Technologies currently has a consensus rating of “Buy” and a consensus price target of $209.21.
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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.
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