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.
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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.
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