Louisiana State Employees Retirement System Invests $1.24 Million in FLEETCOR Technologies, Inc. (NYSE:FLT)

Louisiana State Employees Retirement System purchased a new position in FLEETCOR Technologies, Inc. (NYSE:FLT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,400 shares of the business services provider’s stock, valued at approximately $1,243,000.

A number of other large investors also recently modified their holdings of FLT. Blue Trust Inc. lifted its position in FLEETCOR Technologies by 208.8% in the 4th quarter. Blue Trust Inc. now owns 105 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Signaturefd LLC lifted its position in FLEETCOR Technologies by 26.3% in the 3rd quarter. Signaturefd LLC now owns 293 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 61 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in FLEETCOR Technologies in the 3rd quarter valued at about $168,000. CENTRAL TRUST Co lifted its position in FLEETCOR Technologies by 58.6% in the 3rd quarter. CENTRAL TRUST Co now owns 663 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 245 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in FLEETCOR Technologies in the 3rd quarter valued at about $183,000. 98.84% of the stock is currently owned by institutional investors.

Insider Transactions at FLEETCOR Technologies

In other news, CAO Alissa B. Vickery sold 2,794 shares of FLEETCOR Technologies stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $290.31, for a total value of $811,126.14. Following the transaction, the chief accounting officer now directly owns 1,885 shares of the company’s stock, valued at $547,234.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Alissa B. Vickery sold 2,794 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $290.31, for a total transaction of $811,126.14. Following the transaction, the chief accounting officer now directly owns 1,885 shares of the company’s stock, valued at $547,234.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ronald Clarke sold 118,428 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $281.84, for a total transaction of $33,377,747.52. Following the transaction, the chief executive officer now directly owns 2,023,491 shares in the company, valued at $570,300,703.44. The disclosure for this sale can be found here. 6.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of FLEETCOR Technologies from $280.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Royal Bank of Canada boosted their price target on shares of FLEETCOR Technologies from $270.00 to $302.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on shares of FLEETCOR Technologies from $285.00 to $337.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. BMO Capital Markets dropped their price target on shares of FLEETCOR Technologies from $340.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Finally, Citigroup boosted their price target on shares of FLEETCOR Technologies from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, FLEETCOR Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $299.67.

FLEETCOR Technologies Stock Performance

Shares of FLT opened at $303.26 on Tuesday. The firm’s 50 day moving average is $287.77 and its 200-day moving average is $267.50. The stock has a market capitalization of $21.90 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.04 and a quick ratio of 1.04. FLEETCOR Technologies, Inc. has a 12-month low of $194.60 and a 12-month high of $309.39.

FLEETCOR Technologies (NYSE:FLT) last released its earnings results on Wednesday, February 7th. The business services provider reported $4.44 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.04). The firm had revenue of $937.32 million during the quarter, compared to analysts’ expectations of $967.01 million. FLEETCOR Technologies had a return on equity of 37.56% and a net margin of 26.13%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $3.83 earnings per share. Equities research analysts anticipate that FLEETCOR Technologies, Inc. will post 18.2 EPS for the current fiscal year.

FLEETCOR Technologies Company Profile

FLEETCOR Technologies, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. It operates through Vehicle Payments, Corporate Payments, Lodging Payments, and Other segments.