Penserra Capital Management LLC bought a new position in FleetCor Technologies, Inc. (NYSE:FLT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,770 shares of the business services provider’s stock, valued at approximately $2,842,000.

Several other hedge funds also recently added to or reduced their stakes in FLT. Dimensional Fund Advisors LP increased its position in FleetCor Technologies by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 342,724 shares of the business services provider’s stock worth $49,429,000 after purchasing an additional 10,283 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in 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 worth $967,000 after purchasing an additional 4,525 shares during the last quarter. Bank of Nova Scotia bought a new stake in FleetCor Technologies in the second quarter worth $1,009,000. Sterling Capital Management LLC bought a new stake in FleetCor Technologies in the second quarter worth $1,133,000. Finally, Toronto Dominion Bank increased its position in FleetCor Technologies by 11.1% in the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after purchasing an additional 113 shares during the last quarter. 95.38% of the stock is currently owned by hedge funds and other institutional investors.

FleetCor Technologies, Inc. (NYSE FLT) opened at $192.69 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. FleetCor Technologies, Inc. has a 1 year low of $121.52 and a 1 year high of $213.74. The firm has a market cap of $17,055.57, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52.

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, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $605.87 million. During the same quarter in the previous year, the business posted $1.90 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year. equities research analysts expect that FleetCor Technologies, Inc. will post 9.39 EPS for the current fiscal year.

Several equities research analysts recently weighed in on FLT shares. Credit Suisse Group boosted their price target on shares of FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a research report on Friday. Oppenheimer boosted their price target on shares of FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Citigroup boosted their price target on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research cut shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo & Co set a $225.00 price target on shares of FleetCor Technologies and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently 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.

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

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