FLEETCOR Technologies, Inc. (NYSE:FLT) Shares Sold by TrimTabs Asset Management LLC

TrimTabs Asset Management LLC cut its stake in FLEETCOR Technologies, Inc. (NYSE:FLT) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,725 shares of the business services provider’s stock after selling 42 shares during the period. TrimTabs Asset Management LLC’s holdings in FLEETCOR Technologies were worth $1,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Penserra Capital Management LLC increased its position in FLEETCOR Technologies by 27.9% in the fourth quarter. Penserra Capital Management LLC now owns 174 shares of the business services provider’s stock worth $47,000 after buying an additional 38 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of FLEETCOR Technologies by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 8,659 shares of the business services provider’s stock valued at $2,362,000 after purchasing an additional 42 shares during the period. Dupont Capital Management Corp increased its holdings in shares of FLEETCOR Technologies by 1.4% during the fourth quarter. Dupont Capital Management Corp now owns 3,155 shares of the business services provider’s stock valued at $861,000 after purchasing an additional 43 shares during the period. IFP Advisors Inc increased its holdings in shares of FLEETCOR Technologies by 25.0% during the fourth quarter. IFP Advisors Inc now owns 215 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 43 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of FLEETCOR Technologies by 2.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,647 shares of the business services provider’s stock valued at $449,000 after purchasing an additional 47 shares during the period. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FLT traded up $2.87 during trading on Thursday, hitting $284.14. The company’s stock had a trading volume of 5,247 shares, compared to its average volume of 620,674. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average price of $279.52 and a 200 day moving average price of $262.74. The firm has a market cap of $23.70 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 2.49 and a beta of 1.50. FLEETCOR Technologies, Inc. has a 52 week low of $203.18 and a 52 week high of $292.70.

FLEETCOR Technologies (NYSE:FLT) last issued its quarterly earnings results on Thursday, February 4th. The business services provider reported $3.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.20. The company had revenue of $617.33 million for the quarter, compared to the consensus estimate of $603.81 million. FLEETCOR Technologies had a return on equity of 30.65% and a net margin of 29.55%. During the same period in the previous year, the business posted $3.17 EPS. On average, equities analysts expect that FLEETCOR Technologies, Inc. will post 10.46 earnings per share for the current year.

FLT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on FLEETCOR Technologies from $305.00 to $328.00 and gave the company a “buy” rating in a report on Friday, February 26th. Citigroup upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a research report on Thursday, April 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a research report on Thursday, April 1st. Susquehanna increased their price target on FLEETCOR Technologies from $305.00 to $350.00 and gave the company a “positive” rating in a research report on Thursday, April 1st. Finally, Bank of America upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $292.65.

About FLEETCOR Technologies

FLEETCOR Technologies, Inc operates as a business payments company that simplifies the way businesses manage and pay expenses. The company's portfolio of brands help companies automate, secure, digitize, and control payments on behalf of employees and suppliers. It offers payment solutions in five primary categories, including fuel, lodging, tolls, corporate payments, and gift.

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

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