Exchange Traded Concepts LLC Has $191000 Holdings in FLEETCOR Technologies, Inc. (NYSE:FLT) – Defense World
Posted by admin on Jul 17th, 2022 
Exchange Traded Concepts LLC grew its holdings in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 23.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 767 shares of the business services provider’s stock after purchasing an additional 146 shares during the period. Exchange Traded Concepts LLC’s holdings in FLEETCOR Technologies were worth $191,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Capital World Investors boosted its position in shares of FLEETCOR Technologies by 9.4% during the 4th quarter. Capital World Investors now owns 3,705,911 shares of the business services provider’s stock worth $829,531,000 after acquiring an additional 317,514 shares in the last quarter. State Street Corp boosted its position in shares of FLEETCOR Technologies by 3.0% during the 4th quarter. State Street Corp now owns 3,154,209 shares of the business services provider’s stock worth $706,038,000 after acquiring an additional 91,085 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of FLEETCOR Technologies by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,631,507 shares of the business services provider’s stock worth $364,358,000 after acquiring an additional 51,777 shares in the last quarter. Boston Partners boosted its position in shares of FLEETCOR Technologies by 57.1% during the 4th quarter. Boston Partners now owns 1,605,770 shares of the business services provider’s stock worth $359,795,000 after acquiring an additional 583,594 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of FLEETCOR Technologies by 15.3% during the 4th quarter. Allianz Asset Management GmbH now owns 1,081,771 shares of the business services provider’s stock worth $242,159,000 after acquiring an additional 143,180 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.
Several analysts recently issued reports on the stock. Citigroup increased their price target on shares of FLEETCOR Technologies from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Thursday, June 9th. Evercore ISI reissued an “outperform” rating and issued a $300.00 price objective on shares of FLEETCOR Technologies in a research note on Thursday, June 2nd. Truist Financial dropped their price objective on shares of FLEETCOR Technologies from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. TheStreet downgraded shares of FLEETCOR Technologies from a “b-” rating to a “c” rating in a research note on Thursday, May 26th. Finally, Barclays increased their price objective on shares of FLEETCOR Technologies from $306.00 to $312.00 and gave the company an “overweight” rating in a research note on Thursday, April 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $296.11.
Shares of NYSE FLT opened at $209.67 on Friday. FLEETCOR Technologies, Inc. has a twelve month low of $200.78 and a twelve month high of $282.02. The firm has a fifty day simple moving average of $225.44 and a 200 day simple moving average of $235.57. The company has a market capitalization of $16.22 billion, a PE ratio of 19.80, a P/E/G ratio of 0.90 and a beta of 1.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.52.
FLEETCOR Technologies (NYSE:FLT – Get Rating) last announced its earnings results on Thursday, May 5th. The business services provider reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.08. FLEETCOR Technologies had a net margin of 28.97% and a return on equity of 34.88%. The business had revenue of $789.20 million during the quarter, compared to the consensus estimate of $756.56 million. During the same quarter last year, the firm earned $2.66 earnings per share. FLEETCOR Technologies’s quarterly revenue was up 29.7% on a year-over-year basis. On average, sell-side analysts forecast that FLEETCOR Technologies, Inc. will post 14.47 EPS for the current year.
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FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.
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