Great West Life Assurance Co. Can Has $13.36 Million Holdings in FleetCor Technologies, Inc. (FLT)

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Great West Life Assurance Co. Can boosted its position in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 30.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,423 shares of the business services provider’s stock after purchasing an additional 14,819 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of FleetCor Technologies worth $13,362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FLT. IFP Advisors Inc increased its position in shares of FleetCor Technologies by 9.2% during the second quarter. IFP Advisors Inc now owns 3,501 shares of the business services provider’s stock valued at $737,000 after acquiring an additional 295 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of FleetCor Technologies by 14.6% during the second quarter. PNC Financial Services Group Inc. now owns 2,406 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 307 shares during the last quarter. Hennessy Advisors Inc. increased its position in shares of FleetCor Technologies by 7.3% during the first quarter. Hennessy Advisors Inc. now owns 4,720 shares of the business services provider’s stock valued at $956,000 after acquiring an additional 320 shares during the last quarter. IBM Retirement Fund increased its position in shares of FleetCor Technologies by 16.9% during the first quarter. IBM Retirement Fund now owns 2,625 shares of the business services provider’s stock valued at $532,000 after acquiring an additional 380 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of FleetCor Technologies by 33.0% during the first quarter. Cubist Systematic Strategies LLC now owns 1,575 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 391 shares during the last quarter. 98.18% of the stock is currently owned by institutional investors.

Shares of FLT stock opened at $215.31 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $18.89 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.49. FleetCor Technologies, Inc. has a fifty-two week low of $139.47 and a fifty-two week high of $225.92.

FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings data on Thursday, August 2nd. The business services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.05. The firm had revenue of $585.00 million during the quarter, compared to analysts’ expectations of $596.27 million. FleetCor Technologies had a net margin of 35.50% and a return on equity of 23.23%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.99 earnings per share. research analysts predict that FleetCor Technologies, Inc. will post 9.84 EPS for the current year.

A number of equities research analysts have weighed in on FLT shares. Zacks Investment Research cut shares of FleetCor Technologies from a “buy” rating to a “sell” rating in a research report on Tuesday, July 10th. Citigroup lifted their price target on shares of FleetCor Technologies from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Wolfe Research started coverage on shares of FleetCor Technologies in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Morgan Stanley lifted their price target on shares of FleetCor Technologies from $238.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. FleetCor Technologies has a consensus rating of “Buy” and an average price target of $227.73.

FleetCor Technologies Company Profile

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

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

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