Janus Henderson Group PLC increased its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 355,770 shares of the business services provider’s stock after buying an additional 6,064 shares during the quarter. Janus Henderson Group PLC owned 0.40% of FleetCor Technologies worth $55,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisor Group Inc. boosted its holdings in shares of FleetCor Technologies by 1.1% in the second quarter. Advisor Group Inc. now owns 3,890 shares of the business services provider’s stock worth $543,000 after buying an additional 41 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings 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 in the last quarter. Toronto Dominion Bank lifted its holdings 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 in the last quarter. Nordea Investment Management AB lifted its holdings in FleetCor Technologies by 4.3% during the second quarter. Nordea Investment Management AB now owns 2,859 shares of the business services provider’s stock valued at $412,000 after purchasing an additional 119 shares in the last quarter. Finally, Commerce Bank lifted its holdings in FleetCor Technologies by 11.2% during the second quarter. Commerce Bank now owns 1,580 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 159 shares in the last quarter. 95.76% of the stock is currently owned by institutional investors.

In other news, insider Kurt Patrick Adams sold 7,099 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total value of $1,206,830.00. Following the transaction, the insider now owns 9,246 shares of the company’s stock, valued at $1,571,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.30% of the stock is currently owned by insiders.

FleetCor Technologies, Inc. (FLT) opened at $190.11 on Monday. FleetCor Technologies, Inc. has a 1-year low of $121.52 and a 1-year high of $192.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $17,026.44, a price-to-earnings ratio of 25.73, a PEG ratio of 1.39 and a beta of 1.53.

FleetCor Technologies (NYSE:FLT) last released its earnings results on Wednesday, November 1st. The business services provider reported $2.18 EPS for the quarter, topping 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 firm had revenue of $577.90 million for the quarter, compared to the consensus estimate of $576.78 million. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. research analysts expect that FleetCor Technologies, Inc. will post 7.76 EPS for the current fiscal year.

Several brokerages have weighed in on FLT. Deutsche Bank lifted their price target on shares of FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Barclays lifted their price target on shares of FleetCor Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Morgan Stanley lifted their price target on shares of FleetCor Technologies from $189.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Finally, Oppenheimer lifted their price target on shares of FleetCor Technologies from $185.00 to $194.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $187.31.

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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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