Parametrica Management Ltd purchased a new stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,421 shares of the business services provider's stock, valued at approximately $299,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in FLEETCOR Technologies by 253.1% during the first quarter. Covestor Ltd now owns 113 shares of the business services provider's stock valued at $28,000 after acquiring an additional 81 shares during the period. Allworth Financial LP purchased a new stake in FLEETCOR Technologies during the first quarter valued at about $29,000. Lazard Asset Management LLC purchased a new stake in FLEETCOR Technologies during the first quarter valued at about $35,000. CVA Family Office LLC purchased a new stake in FLEETCOR Technologies during the first quarter valued at about $42,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in FLEETCOR Technologies during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 91.52% of the company's stock.
Get FLEETCOR Technologies alerts:Insider Buying and Selling
In other FLEETCOR Technologies news, insider Alan King sold 1,379 shares of the company's stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $223.38, for a total transaction of $308,041.02. Following the sale, the insider now owns 9,250 shares in the company, valued at $2,066,265. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.60% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on FLT shares. Truist Financial reduced their price objective on FLEETCOR Technologies from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Barclays reduced their price objective on FLEETCOR Technologies from $295.00 to $290.00 and set an "overweight" rating on the stock in a research note on Thursday, September 15th. Wells Fargo & Company reduced their price objective on FLEETCOR Technologies from $298.00 to $274.00 and set an "overweight" rating on the stock in a research note on Thursday, September 8th. Mizuho boosted their price objective on FLEETCOR Technologies from $250.00 to $256.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 9th. Finally, Morgan Stanley reduced their price objective on FLEETCOR Technologies from $268.00 to $254.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 4th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, FLEETCOR Technologies has an average rating of "Hold" and an average price target of $275.90.FLEETCOR Technologies Trading Down 2.7 %
NYSE:FLT opened at $176.17 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.06 and a current ratio of 1.06. FLEETCOR Technologies, Inc. has a one year low of $173.34 and a one year high of $282.02. The business's 50-day simple moving average is $214.08 and its 200 day simple moving average is $227.59. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21.
FLEETCOR Technologies Company Profile
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FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. 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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