FLEETCOR Technologies, Inc. (NYSE:FLT) Stock Holdings Increased by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its position in FLEETCOR Technologies, Inc. (NYSE:FLT) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,622 shares of the business services provider’s stock after acquiring an additional 186 shares during the period. OneAscent Financial Services LLC’s holdings in FLEETCOR Technologies were worth $442,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FLT. Harel Insurance Investments & Financial Services Ltd. purchased a new position in FLEETCOR Technologies during the third quarter valued at approximately $43,000. Jacobi Capital Management LLC raised its position in shares of FLEETCOR Technologies by 80.0% in the 3rd quarter. Jacobi Capital Management LLC now owns 225 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 100 shares during the period. Private Advisor Group LLC acquired a new stake in shares of FLEETCOR Technologies in the 2nd quarter valued at approximately $58,000. Orion Portfolio Solutions LLC raised its position in shares of FLEETCOR Technologies by 107.0% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 236 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 122 shares during the period. Finally, Rock Creek Group LP bought a new stake in FLEETCOR Technologies during the 3rd quarter worth approximately $68,000. 84.60% of the stock is currently owned by institutional investors and hedge funds.

In other FLEETCOR Technologies news, CFO Eric Dey sold 1,269 shares of the business’s stock in a transaction dated Wednesday, November 18th. The stock was sold at an average price of $268.13, for a total transaction of $340,256.97. Following the completion of the sale, the chief financial officer now owns 15,303 shares of the company’s stock, valued at $4,103,193.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

Several brokerages have issued reports on FLT. Morgan Stanley cut their price target on FLEETCOR Technologies from $275.00 to $267.00 and set an “equal weight” rating for the company in a report on Friday, November 6th. Mizuho dropped their price target on FLEETCOR Technologies from $250.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, November 6th. BidaskClub cut FLEETCOR Technologies from a “hold” rating to a “sell” rating in a research report on Friday, January 1st. Bank of America upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 6th. Finally, Credit Suisse Group reduced their price target on FLEETCOR Technologies from $250.00 to $240.00 and set a “neutral” rating on the stock in a report on Monday, November 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $281.89.

Shares of FLT opened at $275.73 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.95 and a quick ratio of 0.95. FLEETCOR Technologies, Inc. has a one year low of $168.51 and a one year high of $329.85. The firm has a market capitalization of $23.00 billion, a P/E ratio of 33.26, a PEG ratio of 1.89 and a beta of 1.51. The business has a fifty day moving average of $271.24 and a 200 day moving average of $252.81.

FLEETCOR Technologies (NYSE:FLT) last issued its quarterly earnings data on Thursday, November 5th. The business services provider reported $2.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.15. FLEETCOR Technologies had a return on equity of 30.65% and a net margin of 29.55%. The company had revenue of $585.28 million during the quarter, compared to analyst estimates of $580.76 million. During the same quarter in the previous year, the company posted $3.10 earnings per share. FLEETCOR Technologies’s revenue was down 14.1% compared to the same quarter last year. Analysts expect that FLEETCOR Technologies, Inc. will post 10.46 EPS for the current fiscal year.

FLEETCOR Technologies declared that its Board of Directors has approved a stock buyback plan on Thursday, November 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

FLEETCOR Technologies Company Profile

FLEETCOR Technologies, Inc operates as a business payments company that simplifies the way businesses manage and pay expenses. The company's portfolio of brands help companies automate, secure, digitize, and control payments on behalf of employees and suppliers. It offers payment solutions in five primary categories, including fuel, lodging, tolls, corporate payments, and gift.

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

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