Engineers Gate Manager LP Acquires 2,825 Shares of FleetCor Technologies, Inc. (FLT)

Engineers Gate Manager LP raised its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 43.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,294 shares of the business services provider’s stock after purchasing an additional 2,825 shares during the period. Engineers Gate Manager LP’s holdings in FleetCor Technologies were worth $1,788,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ZWJ Investment Counsel Inc. boosted its holdings in FleetCor Technologies by 105.9% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 2,987 shares of the business services provider’s stock valued at $575,000 after purchasing an additional 1,536 shares during the period. Kornitzer Capital Management Inc. KS bought a new stake in shares of FleetCor Technologies during the 4th quarter worth approximately $17,840,000. Sutton Square Management L.P. bought a new stake in shares of FleetCor Technologies during the 4th quarter worth approximately $13,828,000. Exane Derivatives bought a new stake in shares of FleetCor Technologies during the 4th quarter worth approximately $1,619,000. Finally, Cigna Investments Inc. New bought a new stake in shares of FleetCor Technologies during the 4th quarter worth approximately $222,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on FLT shares. Oppenheimer upped their price target on shares of FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Citigroup upped their price target on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Wells Fargo & Co set a $225.00 price target on shares of FleetCor Technologies and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, Credit Suisse Group upped their price target on shares of FleetCor Technologies from $186.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $206.43.

FleetCor Technologies, Inc. (NYSE:FLT) opened at $203.32 on Thursday. The stock has a market cap of $18,260.45, a P/E ratio of 34.58, a P/E/G ratio of 1.31 and a beta of 1.52. FleetCor Technologies, Inc. has a 12-month low of $121.52 and a 12-month high of $213.74. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86.

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About FleetCor Technologies

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.

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

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