Blair William & Co. IL bought a new stake in shares of FleetCor Technologies Inc. (NYSE:FLT) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 1,409 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of FleetCor Technologies during the fourth quarter valued at $55,599,000. Telemus Capital LLC purchased a new position in shares of FleetCor Technologies during the first quarter valued at $898,000. Aperio Group LLC increased its position in shares of FleetCor Technologies by 56.9% in the first quarter. Aperio Group LLC now owns 14,360 shares of the company’s stock valued at $2,136,000 after buying an additional 5,206 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in shares of FleetCor Technologies during the first quarter valued at $253,000. Finally, Nisa Investment Advisors L.L.C. purchased a new position in shares of FleetCor Technologies during the first quarter valued at $431,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Shares of FleetCor Technologies Inc. (NYSE:FLT) traded up 1.92% during trading on Wednesday, hitting $170.87. The company’s stock had a trading volume of 915,060 shares. The firm’s 50 day moving average is $164.64 and its 200-day moving average is $152.00. The company has a market capitalization of $15.82 billion, a P/E ratio of 40.97 and a beta of 1.25. FleetCor Technologies Inc. has a 1-year low of $107.56 and a 1-year high of $171.19.

FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.02. The firm earned $417.90 million during the quarter, compared to the consensus estimate of $415.20 million. FleetCor Technologies had a return on equity of 18.16% and a net margin of 22.97%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. Analysts forecast that FleetCor Technologies Inc. will post $6.85 EPS for the current fiscal year.

FLT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of FleetCor Technologies in a research note on Monday, June 6th. SunTrust Banks Inc. initiated coverage on shares of FleetCor Technologies in a research note on Friday, June 24th. They set a “buy” rating and a $175.00 price objective for the company. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Monday, July 25th. Oppenheimer Holdings Inc. raised shares of FleetCor Technologies from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research note on Friday, August 5th. Finally, Barclays PLC upped their price objective on shares of FleetCor Technologies from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. FleetCor Technologies presently has a consensus rating of “Buy” and a consensus target price of $169.25.

In related news, EVP Charles Richard Freund sold 21,969 shares of the stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $149.00, for a total value of $3,273,381.00. Following the completion of the sale, the executive vice president now directly owns 30,663 shares of the company’s stock, valued at approximately $4,568,787. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph W. Farrelly sold 1,200 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $168.73, for a total value of $202,476.00. Following the completion of the sale, the director now directly owns 3,224 shares of the company’s stock, valued at $543,985.52. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

FleetCor Technologies Company Profile

FleetCor Technologies, Inc is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand.

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