Kestra Private Wealth Services LLC Increases Holdings in FLEETCOR Technologies, Inc. (NYSE:FLT)

September 21, 2022 tawas

Kestra Private Wealth Services LLC raised its stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 4.0% in the first quarter, Holdings Channel reports. The institutional investor owned 1,579 shares of the business services provider’s stock after buying an additional 61 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in FLEETCOR Technologies were worth $393,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Marshall Financial Group LLC increased its holdings in shares of FLEETCOR Technologies by 1.3% in the 1st quarter. Marshall Financial Group LLC now owns 4,133 shares of the business services provider’s stock worth $1,029,000 after purchasing an additional 52 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of FLEETCOR Technologies by 5.3% in the 4th quarter. Private Advisor Group LLC now owns 1,056 shares of the business services provider’s stock worth $236,000 after purchasing an additional 53 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of FLEETCOR Technologies by 3.1% in the 1st quarter. Cetera Investment Advisers now owns 1,832 shares of the business services provider’s stock worth $456,000 after purchasing an additional 55 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of FLEETCOR Technologies by 2.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,157 shares of the business services provider’s stock worth $786,000 after purchasing an additional 70 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of FLEETCOR Technologies by 2.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,647 shares of the business services provider’s stock worth $908,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Insider Buying and Selling at FLEETCOR Technologies

In other news, insider Alan King sold 1,379 shares of the business’s stock in a transaction dated 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 $2,066,265. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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FLT has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on FLEETCOR Technologies from $298.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, September 8th. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of FLEETCOR Technologies in a report on Thursday, June 2nd. Mizuho lifted their price objective on FLEETCOR Technologies from $250.00 to $256.00 and gave the stock a “neutral” rating in a report on Tuesday, August 9th. Morgan Stanley cut their price objective on FLEETCOR Technologies from $268.00 to $254.00 and set an “equal weight” rating for the company in a report on Thursday, August 4th. Finally, Royal Bank of Canada cut their price objective on FLEETCOR Technologies from $300.00 to $265.00 and set a “sector perform” rating for the company in a report on Thursday, August 4th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $282.11.

FLEETCOR Technologies Stock Performance

NYSE:FLT opened at $198.74 on Wednesday. The stock has a 50-day simple moving average of $219.38 and a two-hundred day simple moving average of $230.39. FLEETCOR Technologies, Inc. has a 52-week low of $196.51 and a 52-week high of $282.02. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $14.91 billion, a PE ratio of 17.12, a P/E/G ratio of 0.97 and a beta of 1.21.

FLEETCOR Technologies Profile

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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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Kestra Private Wealth Services LLC Increases Holdings in FLEETCOR Technologies, Inc. (NYSE:FLT)

Insider Buying and Selling at FLEETCOR Technologies

Wall Street Analyst Weigh In

FLEETCOR Technologies Stock Performance

FLEETCOR Technologies Profile

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