First Hawaiian Bank Has $1.27 Million Holdings in FleetCor Technologies, Inc. (NYSE:FLT)

First Hawaiian Bank trimmed its position in FleetCor Technologies, Inc. (NYSE:FLT) by 4.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,527 shares of the business services provider’s stock after selling 218 shares during the period. First Hawaiian Bank’s holdings in FleetCor Technologies were worth $1,272,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in shares of FleetCor Technologies by 142.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,865 shares of the business services provider’s stock worth $805,000 after acquiring an additional 1,685 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its holdings in shares of FleetCor Technologies by 52.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 624,816 shares of the business services provider’s stock valued at $175,479,000 after acquiring an additional 214,266 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of FleetCor Technologies by 3.6% in the second quarter. Xact Kapitalforvaltning AB now owns 20,799 shares of the business services provider’s stock valued at $5,841,000 after acquiring an additional 714 shares during the period. Exane Derivatives boosted its holdings in shares of FleetCor Technologies by 31,388.9% in the second quarter. Exane Derivatives now owns 2,834 shares of the business services provider’s stock valued at $796,000 after acquiring an additional 2,825 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of FleetCor Technologies by 0.5% during the second quarter. Retirement Systems of Alabama now owns 40,196 shares of the business services provider’s stock worth $11,289,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 94.71% of the company’s stock.

Several equities research analysts recently weighed in on the company. Mizuho increased their price target on FleetCor Technologies from $245.00 to $247.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. BTIG Research reaffirmed a “buy” rating and set a $340.00 price target on shares of FleetCor Technologies in a report on Monday, July 8th. Robert W. Baird assumed coverage on FleetCor Technologies in a report on Wednesday, July 24th. They set a “neutral” rating and a $302.00 price target for the company. SunTrust Banks increased their price target on FleetCor Technologies to $320.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Finally, Oppenheimer increased their price target on FleetCor Technologies from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $269.27.

Shares of NYSE:FLT opened at $286.73 on Friday. The firm has a market cap of $25.61 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.70 and a beta of 1.16. FleetCor Technologies, Inc. has a 12-month low of $172.18 and a 12-month high of $297.13. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. The stock’s 50-day moving average price is $287.69 and its two-hundred day moving average price is $257.85.

FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.05. FleetCor Technologies had a return on equity of 26.37% and a net margin of 35.29%. The business had revenue of $647.09 million for the quarter, compared to analyst estimates of $633.95 million. During the same period in the previous year, the company posted $2.57 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts forecast that FleetCor Technologies, Inc. will post 11.15 earnings per share for the current fiscal year.

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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