State of Alaska Department of Revenue Has $4.98 Million Holdings in FLEETCOR Technologies, Inc. (NYSE:FLT) #State #Alaska #Department #Revenue #Million #Holdings #FLEETCOR #Technologies #NYSEFLT Welcome to Americanah Blog, here is the new story we have for you today:
State of Alaska Department of Revenue lifted its stake in FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 23.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,704 shares of the business services provider’s stock after buying an additional 4,524 shares during the period. State of Alaska Department of Revenue’s holdings in FLEETCOR Technologies were worth $4,979,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of FLEETCOR Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 8,624,531 shares of the business services provider’s stock worth $2,148,025,000 after buying an additional 111,367 shares in the last quarter. BlackRock Inc. increased its holdings in FLEETCOR Technologies by 3.5% during the 1st quarter. BlackRock Inc. now owns 6,118,876 shares of the business services provider’s stock valued at $1,523,967,000 after purchasing an additional 207,098 shares in the last quarter. Wellington Management Group LLP increased its holdings in FLEETCOR Technologies by 5.0% during the 1st quarter. Wellington Management Group LLP now owns 4,836,861 shares of the business services provider’s stock valued at $1,204,669,000 after purchasing an additional 228,606 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in FLEETCOR Technologies by 2.2% during the 1st quarter. JPMorgan Chase & Co. now owns 4,116,029 shares of the business services provider’s stock valued at $1,025,138,000 after purchasing an additional 89,065 shares in the last quarter. Finally, Capital World Investors increased its holdings in FLEETCOR Technologies by 9.4% during the 4th quarter. Capital World Investors now owns 3,705,911 shares of the business services provider’s stock valued at $829,531,000 after purchasing an additional 317,514 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.
FLEETCOR Technologies Stock Down 2.1 %
NYSE:FLT opened at $198.74 on Wednesday. FLEETCOR Technologies, Inc. has a 12-month low of $196.51 and a 12-month high of $282.02. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $14.91 billion, a P/E ratio of 17.07, a P/E/G ratio of 0.97 and a beta of 1.21. The stock’s fifty day simple moving average is $219.38 and its 200-day simple moving average is $230.39.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on FLT shares. Wells Fargo & Company dropped their price target on FLEETCOR Technologies from $298.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, September 8th. Mizuho lifted their target price on FLEETCOR Technologies from $250.00 to $256.00 and gave the company a “neutral” rating in a research note on Tuesday, August 9th. Citigroup lifted their target price on FLEETCOR Technologies from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. Evercore ISI reissued an “outperform” rating and issued a $300.00 target price on shares of FLEETCOR Technologies in a research note on Thursday, June 2nd. Finally, Morgan Stanley lowered their target price on FLEETCOR Technologies from $268.00 to $254.00 and set an “equal weight” rating for the company in a research note on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $282.11.
Insider Transactions at FLEETCOR Technologies
In other news, insider Alan King sold 1,379 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $223.38, for a total value of $308,041.02. Following the transaction, the insider now directly owns 9,250 shares in the company, valued at approximately $2,066,265. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is owned by corporate insiders.
About FLEETCOR Technologies
FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.
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