Oppenheimer Asset Management Inc. trimmed its holdings in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Free Report) by 9.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,726 shares of the business services provider’s stock after selling 410 shares during the period. Oppenheimer Asset Management Inc.’s holdings in FLEETCOR Technologies were worth $786,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of FLT. Handelsbanken Fonder AB boosted its stake in FLEETCOR Technologies by 8.0% during the first quarter. Handelsbanken Fonder AB now owns 22,071 shares of the business services provider’s stock valued at $4,654,000 after buying an additional 1,640 shares in the last quarter. Unigestion Holding SA boosted its stake in FLEETCOR Technologies by 14.0% during the first quarter. Unigestion Holding SA now owns 18,060 shares of the business services provider’s stock valued at $3,712,000 after buying an additional 2,224 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in FLEETCOR Technologies by 37.8% during the first quarter. Texas Permanent School Fund Corp now owns 14,824 shares of the business services provider’s stock valued at $3,126,000 after buying an additional 4,063 shares in the last quarter. Xponance Inc. boosted its stake in FLEETCOR Technologies by 1.6% during the first quarter. Xponance Inc. now owns 16,826 shares of the business services provider’s stock valued at $3,548,000 after buying an additional 263 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its stake in FLEETCOR Technologies by 14.5% during the first quarter. Ellsworth Advisors LLC now owns 15,565 shares of the business services provider’s stock valued at $3,282,000 after buying an additional 1,973 shares in the last quarter. 93.87% of the stock is owned by institutional investors and hedge funds.
FLEETCOR Technologies Stock Up 1.2 %
FLT opened at $265.24 on Friday. FLEETCOR Technologies, Inc. has a fifty-two week low of $161.69 and a fifty-two week high of $272.37. The business has a 50-day moving average of $253.48 and a 200-day moving average of $229.91. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $19.62 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21.
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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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