Aperio Group LLC Grows Holdings in FleetCor Technologies, Inc. (FLT)

Aperio Group LLC raised its stake in FleetCor Technologies, Inc. (NYSE:FLT) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,474 shares of the business services provider’s stock after purchasing an additional 905 shares during the period. Aperio Group LLC’s holdings in FleetCor Technologies were worth $2,593,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of FleetCor Technologies by 207.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,708 shares of the business services provider’s stock valued at $967,000 after acquiring an additional 4,525 shares during the period. Bank of Nova Scotia bought a new stake in shares of FleetCor Technologies in the second quarter valued at about $1,009,000. Toronto Dominion Bank boosted its position in shares of FleetCor Technologies by 11.1% in the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock valued at $163,000 after acquiring an additional 113 shares during the period. Shell Asset Management Co. boosted its position in shares of FleetCor Technologies by 105.6% in the third quarter. Shell Asset Management Co. now owns 11,933 shares of the business services provider’s stock valued at $1,696,000 after acquiring an additional 6,129 shares during the period. Finally, Tributary Capital Management LLC boosted its position in shares of FleetCor Technologies by 7.3% in the third quarter. Tributary Capital Management LLC now owns 15,240 shares of the business services provider’s stock valued at $2,359,000 after acquiring an additional 1,040 shares during the period. Hedge funds and other institutional investors own 99.13% of the company’s stock.

Shares of FleetCor Technologies, Inc. (NYSE FLT) opened at $198.60 on Tuesday. FleetCor Technologies, Inc. has a 52-week low of $121.52 and a 52-week high of $213.74. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $17,790.00, a PE ratio of 30.27, a P/E/G ratio of 1.25 and a beta of 1.51.

FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.09. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.59%. The business had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $605.87 million. During the same quarter in the prior year, the business posted $1.90 earnings per share. FleetCor Technologies’s revenue was up 18.4% compared to the same quarter last year. analysts expect that FleetCor Technologies, Inc. will post 9.59 EPS for the current fiscal year.

A number of brokerages have recently issued reports on FLT. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a research report on Wednesday, January 17th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $236.00 target price on shares of FleetCor Technologies in a research report on Thursday, February 8th. SunTrust Banks set a $240.00 target price on shares of FleetCor Technologies and gave the company a “buy” rating in a research report on Monday, February 5th. Oppenheimer boosted their target price 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, Barclays boosted their target price on shares of FleetCor Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $209.21.

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FleetCor Technologies Company Profile

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.

Institutional Ownership by Quarter for FleetCor Technologies (NYSE:FLT)

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