FleetCor Technologies, Inc. (FLT) Shares Bought by OxFORD Asset Management LLP
OxFORD Asset Management LLP increased its stake in FleetCor Technologies, Inc. (NYSE:FLT) by 857.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,498 shares of the business services provider’s stock after buying an additional 13,880 shares during the period. OxFORD Asset Management LLP’s holdings in FleetCor Technologies were worth $2,399,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Commonwealth Bank of Australia increased its stake in FleetCor Technologies by 13.0% during the second quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 85 shares during the last quarter. First Personal Financial Services increased its stake in FleetCor Technologies by 49.9% during the second quarter. First Personal Financial Services now owns 790 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 263 shares during the last quarter. Fiduciary Trust Co. bought a new stake in FleetCor Technologies during the second quarter valued at $115,000. FNY Partners Fund LP bought a new stake in FleetCor Technologies during the third quarter valued at $125,000. Finally, Toronto Dominion Bank increased its stake in FleetCor Technologies by 11.1% during the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 95.76% of the company’s stock.
FLT has been the subject of several recent research reports. BidaskClub upgraded shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Credit Suisse Group reiterated an “outperform” rating on shares of FleetCor Technologies in a research note on Tuesday, September 5th. Jefferies Group reiterated a “buy” rating and set a $197.00 target price on shares of FleetCor Technologies in a research note on Saturday, September 16th. Oppenheimer reiterated an “outperform” rating and set a $185.00 target price on shares of FleetCor Technologies in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Monday, October 9th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $187.31.
Shares of FleetCor Technologies, Inc. (FLT) traded up $0.16 on Wednesday, hitting $189.29. 648,800 shares of the stock traded hands, compared to its average volume of 1,136,307. FleetCor Technologies, Inc. has a 52 week low of $121.52 and a 52 week high of $191.00. The firm has a market capitalization of $16,938.63, a P/E ratio of 25.59, 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 announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $2.18 earnings per share (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 company had revenue of $577.90 million during the quarter, compared to the consensus estimate of $576.78 million. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. equities analysts expect that FleetCor Technologies, Inc. will post 7.76 EPS 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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