Oppenheimer Asset Management Inc. Sells 67 Shares of FLEETCOR Technologies, Inc. (NYSE:FLT)

Posted by on May 6th, 2023

Oppenheimer Asset Management Inc. trimmed its holdings in FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,136 shares of the business services provider’s stock after selling 67 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in FLEETCOR Technologies were worth $760,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in FLEETCOR Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 8,624,531 shares of the business services provider’s stock worth $2,148,025,000 after buying an additional 111,367 shares in the last quarter. Sustainable Growth Advisers LP boosted its position in FLEETCOR Technologies by 9.9% in the fourth quarter. Sustainable Growth Advisers LP now owns 2,517,359 shares of the business services provider’s stock worth $462,388,000 after purchasing an additional 226,853 shares during the last quarter. Boston Partners boosted its position in FLEETCOR Technologies by 6.6% in the third quarter. Boston Partners now owns 2,376,266 shares of the business services provider’s stock worth $418,767,000 after purchasing an additional 146,518 shares during the last quarter. Allianz Asset Management GmbH boosted its position in FLEETCOR Technologies by 3.4% in the third quarter. Allianz Asset Management GmbH now owns 878,573 shares of the business services provider’s stock worth $154,778,000 after purchasing an additional 28,938 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in FLEETCOR Technologies by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 534,667 shares of the business services provider’s stock worth $94,209,000 after purchasing an additional 8,678 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

FLEETCOR Technologies Stock Up 3.4 %

NYSE FLT opened at $231.19 on Friday. The stock’s 50 day moving average is $209.08 and its 200 day moving average is $197.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.86. FLEETCOR Technologies, Inc. has a 12 month low of $161.69 and a 12 month high of $251.61. The stock has a market cap of $16.99 billion, a PE ratio of 18.61, a P/E/G ratio of 1.09 and a beta of 1.20.

FLEETCOR Technologies (NYSE:FLT – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.11. FLEETCOR Technologies had a return on equity of 46.02% and a net margin of 26.88%. The company had revenue of $901.30 million for the quarter, compared to analysts’ expectations of $881.03 million. During the same period in the previous year, the firm earned $3.35 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Research analysts predict that FLEETCOR Technologies, Inc. will post 15.77 EPS for the current fiscal year.

Analyst Ratings Changes

FLT has been the topic of several research reports. Morgan Stanley raised their target price on FLEETCOR Technologies from $188.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 9th. Royal Bank of Canada raised their target price on FLEETCOR Technologies from $226.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 9th. TheStreet raised FLEETCOR Technologies from a “c+” rating to a “b-” rating in a research report on Friday, April 14th. StockNews.com began coverage on FLEETCOR Technologies in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Raymond James raised FLEETCOR Technologies from a “market perform” rating to an “outperform” rating and set a $254.00 price objective on the stock in a research report on Tuesday, March 21st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FLEETCOR Technologies has a consensus rating of “Moderate Buy” and an average price target of $250.57.

About FLEETCOR Technologies

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FLEETCOR Technologies, Inc engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F.

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

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