Engineers Gate Manager LP lifted its stake in FleetCor Technologies, Inc. (NYSE:FLT) by 169.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,469 shares of the business services provider’s stock after purchasing an additional 4,064 shares during the period. Engineers Gate Manager LP’s holdings in FleetCor Technologies were worth $1,001,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of FleetCor Technologies by 207.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,708 shares of the business services provider’s stock worth $967,000 after purchasing an additional 4,525 shares in the last quarter. Marshall Wace North America L.P. increased its stake in shares of FleetCor Technologies by 6.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 35,530 shares of the business services provider’s stock worth $5,116,000 after purchasing an additional 2,015 shares in the last quarter. Sustainable Growth Advisers LP increased its stake in shares of FleetCor Technologies by 21.6% in the 2nd quarter. Sustainable Growth Advisers LP now owns 1,714,987 shares of the business services provider’s stock worth $247,319,000 after purchasing an additional 304,919 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of FleetCor Technologies by 31.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,701,521 shares of the business services provider’s stock worth $263,344,000 after purchasing an additional 404,670 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in shares of FleetCor Technologies by 37.9% in the 2nd quarter. BB&T Securities LLC now owns 7,519 shares of the business services provider’s stock worth $1,084,000 after purchasing an additional 2,065 shares in the last quarter. Hedge funds and other institutional investors own 95.76% of the company’s stock.

In other FleetCor Technologies news, insider Kurt Patrick Adams sold 7,099 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the completion of the transaction, the insider now owns 9,246 shares of the company’s stock, valued at approximately $1,571,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is owned by corporate insiders.

FLT has been the subject of several recent analyst reports. BidaskClub raised shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of FleetCor Technologies in a report on Tuesday, September 5th. Jefferies Group reaffirmed a “buy” rating and issued a $197.00 target price on shares of FleetCor Technologies in a report on Saturday, September 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $185.00 target price on shares of FleetCor Technologies in a report on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Monday, October 9th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. FleetCor Technologies currently has a consensus rating of “Buy” and an average price target of $187.31.

FleetCor Technologies, Inc. (FLT) opened at $189.73 on Thursday. FleetCor Technologies, Inc. has a 1-year low of $121.52 and a 1-year high of $192.51. The company has a market cap of $16,990.00, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86.

FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $2.18 EPS for the quarter, beating the consensus estimate of $2.14 by $0.04. FleetCor Technologies had a net margin of 25.66% and a return on equity of 20.99%. The business had revenue of $577.90 million during the quarter, compared to the consensus estimate of $576.78 million. During the same quarter in the prior year, the firm earned $1.92 EPS. The business’s revenue was up 19.3% on a year-over-year basis. equities research analysts forecast that FleetCor Technologies, Inc. will post 7.76 earnings per share for the current fiscal year.

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FleetCor Technologies Profile

FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.

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

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