FLEETCOR Technologies (NYSE:FLT – Free Report) had its target price raised by Morgan Stanley from $243.00 to $244.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.
FLT has been the topic of several other research reports. StockNews.com raised shares of FLEETCOR Technologies from a hold rating to a buy rating in a report on Friday, July 14th. Raymond James increased their price objective on shares of FLEETCOR Technologies from $246.00 to $283.00 and gave the stock an outperform rating in a report on Thursday. Jefferies Financial Group increased their price objective on shares of FLEETCOR Technologies from $255.00 to $300.00 in a report on Tuesday, July 18th. Truist Financial increased their price objective on shares of FLEETCOR Technologies from $245.00 to $295.00 in a report on Wednesday, July 19th. Finally, Royal Bank of Canada increased their price objective on shares of FLEETCOR Technologies from $240.00 to $277.00 and gave the stock a sector perform rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $269.07.
Read Our Latest Stock Analysis on FLEETCOR Technologies
FLEETCOR Technologies Stock Down 1.1 %
Institutional Trading of FLEETCOR Technologies
Hedge funds have recently bought and sold shares of the stock. Regal Investment Advisors LLC grew its stake in shares of FLEETCOR Technologies by 4.8% during the 2nd quarter. Regal Investment Advisors LLC now owns 11,519 shares of the business services provider’s stock worth $2,892,000 after acquiring an additional 523 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of FLEETCOR Technologies by 33.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 9,436 shares of the business services provider’s stock worth $2,369,000 after acquiring an additional 2,344 shares in the last quarter. Ossiam grew its stake in shares of FLEETCOR Technologies by 95.7% during the 2nd quarter. Ossiam now owns 1,335 shares of the business services provider’s stock worth $335,000 after acquiring an additional 653 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of FLEETCOR Technologies by 11.9% during the 2nd quarter. Baird Financial Group Inc. now owns 54,081 shares of the business services provider’s stock worth $13,579,000 after acquiring an additional 5,732 shares in the last quarter. Finally, L2 Asset Management LLC grew its stake in shares of FLEETCOR Technologies by 69.0% during the 2nd quarter. L2 Asset Management LLC now owns 8,901 shares of the business services provider’s stock worth $1,869,000 after acquiring an additional 3,635 shares in the last quarter. 93.87% of the stock is currently owned by institutional investors and hedge funds.
About FLEETCOR Technologies
FLEETCOR Technologies, Inc, a business payments company that helps businesses spend less by enabling them to manage their expense-related purchasing and vendor payments processes. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.
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