MAI Capital Management purchased a new stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,018 shares of the business services provider’s stock, valued at approximately $215,000.
Other large investors have also recently modified their holdings of the company. Covestor Ltd increased its holdings in shares of FLEETCOR Technologies by 253.1% in the first quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock worth $28,000 after buying an additional 81 shares during the period. Lazard Asset Management LLC purchased a new position in shares of FLEETCOR Technologies in the first quarter worth about $35,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of FLEETCOR Technologies by 88.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 145 shares of the business services provider’s stock worth $31,000 after buying an additional 68 shares during the period. Allworth Financial LP increased its holdings in shares of FLEETCOR Technologies by 75.6% in the first quarter. Allworth Financial LP now owns 151 shares of the business services provider’s stock worth $32,000 after buying an additional 65 shares during the period. Finally, Fred Alger Management LLC increased its holdings in shares of FLEETCOR Technologies by 102.4% in the third quarter. Fred Alger Management LLC now owns 170 shares of the business services provider’s stock worth $30,000 after buying an additional 86 shares during the period. Hedge funds and other institutional investors own 93.87% of the company’s stock.
FLEETCOR Technologies Stock Performance
FLEETCOR Technologies stock opened at $261.82 on Friday. The stock’s 50 day simple moving average is $253.04 and its two-hundred day simple moving average is $229.42. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $19.36 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.33 and a beta of 1.21. FLEETCOR Technologies, Inc. has a fifty-two week low of $161.69 and a fifty-two week high of $272.37.
Wall Street Analyst Weigh In
Read Our Latest Analysis on FLEETCOR Technologies
FLEETCOR Technologies Profile
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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