The Armando Lins Netto Acquires 750 Shares of FleetCor Technologies, Inc. (FLT) Stock

The Armando Lins Netto Acquires 750 Shares of FleetCor Technologies, Inc. (FLT) Stock

Shares of FleetCor Technologies, Inc. (FLT) opened at 148.35 on Monday. FleetCor Technologies, Inc. has a 1-year low of $121.52 and a 1-year high of $176.42. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 30.34 and a beta of 1.24. The stock has a 50 day moving average price of $141.22 and a 200 day moving average price of $150.07.

FleetCor Technologies, Inc. (NYSE:FLT) CEO Armando Lins Netto acquired 750 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were purchased at an average cost of $133.44 per share, for a total transaction of $100,080.00. Following the completion of the transaction, the chief executive officer now owns 4,710 shares in the company, valued at approximately $628,502.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

FleetCor Technologies (NYSE:FLT) last released its earnings results on Monday, May 1st. The business services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.09. FleetCor Technologies had a net margin of 24.53% and a return on equity of 19.67%. The company had revenue of $520.43 million during the quarter, compared to analysts’ expectations of $514.56 million. During the same quarter last year, the business earned $1.53 EPS. The business’s revenue was up 25.6% on a year-over-year basis. Equities research analysts anticipate that FleetCor Technologies, Inc. will post $8.34 EPS for the current year.

FleetCor Technologies (NYSE:FLT) last released its earnings results on Monday, May 1st. The business services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.09. FleetCor Technologies had a net margin of 24.53% and a return on equity of 19.67%. The company had revenue of $520.43 million during the quarter, compared to analysts’ expectations of $514.56 million. During the same quarter last year, the business earned $1.53 EPS. The business’s revenue was up 25.6% on a year-over-year basis. Equities research analysts anticipate that FleetCor Technologies, Inc. will post $8.34 EPS for the current year. Several hedge funds have recently added to or reduced their stakes in FLT. Tower Research Capital LLC TRC boosted its stake in FleetCor Technologies by 1.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,059 shares of the business services provider’s stock valued at $160,000 after buying an additional 12 shares during the period. Boston Private Wealth LLC boosted its stake in FleetCor Technologies by 1.8% in the first quarter. Boston Private Wealth LLC now owns 1,517 shares of the business services provider’s stock valued at $230,000 after buying an additional 27 shares during the period. Nordea Investment Management AB boosted its stake in FleetCor Technologies by 2.0% in the first quarter. Nordea Investment Management AB now owns 2,740 shares of the business services provider’s stock valued at $415,000 after buying an additional 53 shares during the period. Pitcairn Co. boosted its stake in FleetCor Technologies by 0.4% in the fourth quarter. Pitcairn Co. now owns 12,965 shares of the business services provider’s stock valued at $1,835,000 after buying an additional 57 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in FleetCor Technologies by 3.5% in the first quarter. Pacer Advisors Inc. now owns 1,961 shares of the business services provider’s stock valued at $297,000 after buying an additional 66 shares during the period. Institutional investors own 93.73% of the company’s stock.

FLT has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $184.00 price objective on shares of FleetCor Technologies in a research report on Monday, April 3rd. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $185.00 price target on shares of FleetCor Technologies in a research report on Wednesday, March 8th. Zacks Investment Research cut FleetCor Technologies from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $185.00 price objective on shares of FleetCor Technologies in a research report on Monday, April 24th. Finally, Citigroup Inc raised FleetCor Technologies from an “outperform” rating to a “strong-buy” rating and set a $180.00 price objective on the stock in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $177.07. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FLT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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