FleetCor Technologies, Inc. (NYSE:FLT) saw some unusual options trading on Monday. Traders acquired 882 put options on the company. This is an increase of approximately 660% compared to the typical daily volume of 116 put options.

FleetCor Technologies stock opened at $250.27 on Tuesday. FleetCor Technologies has a 52 week low of $172.18 and a 52 week high of $276.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $22.26 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15.

FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.10. FleetCor Technologies had a return on equity of 26.56% and a net margin of 32.74%. The business had revenue of $621.80 million during the quarter, compared to analysts’ expectations of $608.40 million. During the same quarter last year, the company posted $2.50 earnings per share. FleetCor Technologies’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that FleetCor Technologies will post 11.11 EPS for the current year.

A number of institutional investors have recently bought and sold shares of FLT. Marshall Wace North America L.P. acquired a new stake in FleetCor Technologies during the first quarter worth approximately $1,012,000. Horizon Investments LLC acquired a new stake in FleetCor Technologies during the first quarter worth approximately $253,000. BlueCrest Capital Management Ltd acquired a new stake in FleetCor Technologies during the first quarter worth approximately $1,419,000. HighTower Advisors LLC lifted its position in FleetCor Technologies by 5.8% during the first quarter. HighTower Advisors LLC now owns 2,580 shares of the business services provider’s stock worth $633,000 after acquiring an additional 141 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in FleetCor Technologies during the first quarter worth approximately $57,757,000. Institutional investors and hedge funds own 93.69% of the company’s stock.

FLT has been the topic of a number of analyst reports. Mizuho reissued a “neutral” rating and issued a $230.00 price target on shares of FleetCor Technologies in a research note on Wednesday, February 20th. Zacks Investment Research raised FleetCor Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. BTIG Research raised their price objective on FleetCor Technologies from $253.00 to $288.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Oppenheimer raised their price objective on FleetCor Technologies from $265.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group set a $250.00 target price on FleetCor Technologies and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $256.85.

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About FleetCor Technologies

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

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