Andrew Blazye Sells 2,442 Shares of FleetCor Technologies, Inc. (FLT) Stock

FleetCor Technologies, Inc. (NYSE:FLT) CEO Andrew Blazye sold 2,442 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $144.00, for a total transaction of $351,648.00. Following the completion of the transaction, the chief executive officer now directly owns 24,766 shares in the company, valued at approximately $3,566,304. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Andrew Blazye also recently made the following trade(s):

  • On Thursday, August 31st, Andrew Blazye sold 8,353 shares of FleetCor Technologies stock. The stock was sold at an average price of $144.00, for a total transaction of $1,202,832.00.
  • On Wednesday, August 16th, Andrew Blazye sold 4,963 shares of FleetCor Technologies stock. The stock was sold at an average price of $145.00, for a total transaction of $719,635.00.

FleetCor Technologies, Inc. (NYSE:FLT) traded up 0.70% during trading on Friday, hitting $145.02. 1,299,394 shares of the stock traded hands. FleetCor Technologies, Inc. has a 12 month low of $121.52 and a 12 month high of $176.42. The firm’s 50-day moving average is $144.29 and its 200-day moving average is $146.75. The stock has a market cap of $13.32 billion, a P/E ratio of 28.67 and a beta of 1.43.

FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.83. FleetCor Technologies had a return on equity of 20.87% and a net margin of 23.28%. The business had revenue of $541.24 million during the quarter, compared to the consensus estimate of $528.33 million. During the same period in the prior year, the company earned $1.56 earnings per share. The company’s revenue was up 29.5% compared to the same quarter last year. On average, analysts forecast that FleetCor Technologies, Inc. will post $8.37 EPS for the current year.

FleetCor Technologies announced that its board has approved a stock buyback program on Thursday, August 3rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: This article was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/09/16/insider-selling-fleetcor-technologies-inc-flt-ceo-sells-2442-shares-of-stock.html.

Several institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in shares of FleetCor Technologies by 11.1% during the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after purchasing an additional 113 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of FleetCor Technologies during the second quarter worth approximately $1,133,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of FleetCor Technologies during the second quarter worth approximately $219,000. Wafra Investment Advisory Group Inc. NY purchased a new stake in shares of FleetCor Technologies during the second quarter worth approximately $3,791,000. Finally, Bank of Nova Scotia purchased a new stake in shares of FleetCor Technologies during the second quarter worth approximately $1,009,000. Institutional investors and hedge funds own 97.61% of the company’s stock.

Several research analysts have issued reports on the stock. William Blair reiterated an “outperform” rating on shares of FleetCor Technologies in a report on Wednesday, July 12th. Zacks Investment Research cut shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Citigroup Inc. restated a “buy” rating and issued a $180.00 price target (up from $165.00) on shares of FleetCor Technologies in a report on Thursday, July 13th. BidaskClub cut shares of FleetCor Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods set a $202.00 price target on shares of FleetCor Technologies and gave the company a “buy” rating in a report on Monday, August 7th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $180.86.

FleetCor Technologies Company 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.

Insider Buying and Selling by Quarter for FleetCor Technologies (NYSE:FLT)

Receive News & Ratings for FleetCor Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply