39,220 Shares in FleetCor Technologies, Inc. (FLT) Purchased by Perpetual Ltd

Perpetual Ltd bought a new position in shares of FleetCor Technologies, Inc. (NYSE:FLT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,220 shares of the business services provider’s stock, valued at approximately $5,656,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLT. Commonwealth Bank of Australia lifted its holdings in shares of FleetCor Technologies by 13.0% during the second quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock worth $105,000 after buying an additional 85 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of FleetCor Technologies by 49.9% during the second quarter. First Personal Financial Services now owns 790 shares of the business services provider’s stock worth $114,000 after buying an additional 263 shares in the last quarter. Fiduciary Trust Co. acquired a new stake in shares of FleetCor Technologies during the second quarter worth $115,000. Tower Research Capital LLC TRC lifted its holdings in shares of FleetCor Technologies by 1.1% during the first quarter. Tower Research Capital LLC TRC now owns 1,059 shares of the business services provider’s stock worth $160,000 after buying an additional 12 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings 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 buying an additional 113 shares in the last quarter. 97.61% of the stock is owned by institutional investors.

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In other FleetCor Technologies news, CEO Andrew Blazye sold 8,353 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $144.00, for a total value of $1,202,832.00. Following the transaction, the chief executive officer now directly owns 24,766 shares in the company, valued at approximately $3,566,304. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 15,758 shares of company stock worth $2,274,115 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Shares of FleetCor Technologies, Inc. (FLT) traded up 0.27% on Tuesday, hitting $161.12. The company had a trading volume of 108,870 shares. The company has a 50 day moving average price of $151.06 and a 200 day moving average price of $145.92. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 31.85 and a beta of 1.44. FleetCor Technologies, Inc. has a 1-year low of $121.52 and a 1-year high of $176.42.

FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, August 3rd. The business services provider reported $1.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.83. The business had revenue of $541.24 million for the quarter, compared to analyst estimates of $528.33 million. FleetCor Technologies had a return on equity of 20.87% and a net margin of 23.28%. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. On average, equities analysts forecast that FleetCor Technologies, Inc. will post $8.38 earnings per share for the current fiscal year.

FleetCor Technologies declared that its Board of Directors has authorized a share repurchase program on Thursday, August 3rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

A number of equities research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of FleetCor Technologies in a report on Wednesday, July 12th. BidaskClub downgraded FleetCor Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Keefe, Bruyette & Woods set a $202.00 target price on FleetCor Technologies and gave the stock a “buy” rating in a report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and set a $197.00 target price on shares of FleetCor Technologies in a report on Saturday, September 16th. Finally, Za

Several other institutional investors and hedge funds have also recently bought and sold shares of FLT. Commonwealth Bank of Australia lifted its holdings in shares of FleetCor Technologies by 13.0% during the second quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock worth $105,000 after buying an additional 85 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of FleetCor Technologies by 49.9% during the second quarter. First Personal Financial Services now owns 790 shares of the business services provider’s stock worth $114,000 after buying an additional 263 shares in the last quarter. Fiduciary Trust Co. acquired a new stake in shares of FleetCor Technologies during the second quarter worth $115,000. Tower Research Capital LLC TRC lifted its holdings in shares of FleetCor Technologies by 1.1% during the first quarter. Tower Research Capital LLC TRC now owns 1,059 shares of the business services provider’s stock worth $160,000 after buying an additional 12 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings 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 buying an additional 113 shares in the last quarter. 97.61% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “39,220 Shares in FleetCor Technologies, Inc. (FLT) Purchased by Perpetual Ltd” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://ledgergazette.com/2017/10/17/39220-shares-in-fleetcor-technologies-inc-flt-purchased-by-perpetual-ltd.html.

In other FleetCor Technologies news, CEO Andrew Blazye sold 8,353 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $144.00, for a total value of $1,202,832.00. Following the transaction, the chief executive officer now directly owns 24,766 shares in the company, valued at approximately $3,566,304. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 15,758 shares of company stock worth $2,274,115 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Shares of FleetCor Technologies, Inc. (FLT) traded up 0.27% on Tuesday, hitting $161.12. The company had a trading volume of 108,870 shares. The company has a 50 day moving average price of $151.06 and a 200 day moving average price of $145.92. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 31.85 and a beta of 1.44. FleetCor Technologies, Inc. has a 1-year low of $121.52 and a 1-year high of $176.42.

FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, August 3rd. The business services provider reported $1.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.83. The business had revenue of $541.24 million for the quarter, compared to analyst estimates of $528.33 million. FleetCor Technologies had a return on equity of 20.87% and a net margin of 23.28%. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. On average, equities analysts forecast that FleetCor Technologies, Inc. will post $8.38 earnings per share for the current fiscal year.

FleetCor Technologies declared that its Board of Directors has authorized a share repurchase program on Thursday, August 3rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

A number of equities research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of FleetCor Technologies in a report on Wednesday, July 12th. BidaskClub downgraded FleetCor Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Keefe, Bruyette & Woods set a $202.00 target price on FleetCor Technologies and gave the stock a “buy” rating in a report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and set a $197.00 target price on shares of FleetCor Technologies in a report on Saturday, September 16th. Finally, Zacks Investment Research raised FleetCor Technologies from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Monday, October 9th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $181.33.

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.

Institutional Ownership by Quarter for FleetCor Technologies (NYSE:FLT)

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