FLEETCOR Technologies s a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize and control payments on behalf of, their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific.
Company profile
Ticker
FLT
Exchange
Website
CEO
Ronald Clarke
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Alibaba Group Holding • Visa • EBay • DiDi Global • Uber • PayPal • Accenture • Nielsen • Fidelity National Information Services • Mastercard ...
SEC CIK
Corporate docs
Subsidiaries
FleetCor Technologies Operating Company, LLC • FleetCor Funding, LLC • Mannatec, Inc. • FleetCor Jersey Holding Limited • CFN Holding Co. • CLC Group, Inc. • Corporate Lodging Consultants, Inc. • Crew Transportation Specialists, Inc. • FleetCor Commercial Card Management (Canada) Ltd. • FleetCor Technologies Operating Company ...
FLT stock data
News
FLEETCOR To Appeal Ruling In FTC Case
10 Aug 22
Mizuho Maintains Neutral on Fleetcor Technologies, Raises Price Target to $256
9 Aug 22
Barclays Maintains Overweight on Fleetcor Technologies, Raises Price Target to $295
8 Aug 22
8 Analysts Have This to Say About Fleetcor Technologies
4 Aug 22
Morgan Stanley Maintains Equal-Weight Rating for Fleetcor Technologies: Here's What You Need To Know
4 Aug 22
Press releases
FLEETCOR to Appeal Ruling in FTC Case
10 Aug 22
FLEETCOR® Extends BP Relationship
3 Aug 22
FLEETCOR Reports Second Quarter 2022 Financial Results
3 Aug 22
FLEETCOR® Acquires Accounts Payable (AP) Automation Software Company
3 Aug 22
Finding and Retaining Top Talent Is the Toughest Challenge Employers Face According to Recent Comdata research
3 Aug 22
Analyst ratings and price targets
Current price
Average target
$281.67
Low target
$254.00
High target
$345.00
Mizuho
Maintains
$256.00
Barclays
Maintains
$295.00
RBC Capital
Maintains
$265.00
Morgan Stanley
Maintains
$254.00
Truist Securities
Maintains
$275.00
Citigroup
Maintains
$345.00
Calendar
8 Aug 22
15 Aug 22
31 Dec 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Jun 22 | Clarke Ronald | Common Stock | Option exercise | Acquire M | No | No | 35.04 | 173,333 | 6.07M | 1,973,950 |
| 27 Jun 22 | Clarke Ronald | Common Stock | Payment of exercise | Dispose F | No | No | 218.75 | 93,417 | 20.43M | 1,800,617 |
| 27 Jun 22 | Clarke Ronald | Employee Stock Options Common Stock | Option exercise | Dispose M | No | No | 35.04 | 173,333 | 6.07M | 0 |
| 22 Apr 22 | Alissa B Vickery | Common Stock | Payment of exercise | Dispose F | No | No | 258.69 | 29 | 7.5K | 1,127 |
| 10 Apr 22 | Alissa B Vickery | Common Stock | Payment of exercise | Dispose F | No | No | 250.5 | 16 | 4.01K | 1,156 |
| 28 Mar 22 | Clarke Ronald | Common Stock | Payment of exercise | Dispose F | No | No | 243.02 | 45,064 | 10.95M | 1,894,034 |
| 28 Mar 22 | Clarke Ronald | Common Stock | Option exercise | Acquire M | No | No | 35.04 | 85,000 | 2.98M | 1,939,098 |
| 28 Mar 22 | Clarke Ronald | Employee Stock Options Common Stock | Option exercise | Dispose M | No | No | 35.04 | 85,000 | 2.98M | 173,333 |
| 27 Mar 22 | Armando Lins Netto | Common Stock | Payment of exercise | Dispose F | No | No | 246.03 | 280 | 68.89K | 23,437 |
| 27 Mar 22 | Alan King | Common Stock | Payment of exercise | Dispose F | No | No | 246.03 | 431 | 106.04K | 10,629 |
Institutional ownership, Q1 2022
55.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 527 |
| Opened positions | 73 |
| Closed positions | 58 |
| Increased positions | 203 |
| Reduced positions | 184 |
| 13F shares | Current |
|---|---|
| Total value | 22.8B |
| Total shares | 69.34M |
| Total puts | 73.8K |
| Total calls | 155.22K |
| Total put/call ratio | 0.5 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 8.62M | $2.15B |
| BLK Blackrock | 6.12M | $1.52B |
| Wellington Management | 4.84M | $1.2B |
| TROW T. Rowe Price | 4.75M | $1.18B |
| JPM JPMorgan Chase & Co. | 4.12M | $1.03B |
| Capital World Investors | 3.5M | $871.35M |
| Orbis Allan Gray | 3.15M | $785.18M |
| STT State Street | 3.08M | $766.1M |
| Sustainable Growth Advisers | 2.84M | $707.32M |
| Boston Partners | 2.12M | $528.73M |
Financial report summary
?Risks
- Risks Associated with the Conflict between Russia and Ukraine
- We may not be able to adequately protect our systems or the data we collect from continually evolving cybersecurity risks or other technological risks, which could subject us to liability and damage our reputation.
Management Discussion
- *The sum of the columns and rows may not calculate due to rounding.
- Consolidated revenues were $861.3 million in the three months ended June 30, 2022, an increase of $193.9 million or 29.1%, from $667.4 million in the three months ended June 30, 2021. Consolidated revenues increased primarily due to organic growth of 17% driven by increases in transaction volumes, the impact of acquisitions completed in 2021 and 2022 of approximately $45 million and the positive impact of the macroeconomic environment.
- Although we cannot precisely measure the impact of the macroeconomic environment, in total we believe it had a positive impact on our consolidated revenues for the three months ended June 30, 2022 over the comparable period in 2021 of approximately $28 million, driven primarily by the favorable impact of fuel prices of approximately $33 million and favorable fuel price spreads of approximately $3 million. These increases were partially offset by unfavorable foreign exchange rates of approximately $8 million, mostly in our U.K. and European businesses.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
affirmed, differentiated, dismissing, enable, ESTR, EURIBOR, grew, hearing, holiday, innovative, larger, letter, organizational, overhead, partner, Paycard, percent, permanently, policy, proposition, reassigned, recast, recipient, Recognition, reorganization, season, structure, swingline, TIBOR, twelfth, valuable
Removed:
closure, Comdata, contemplate, disposed, isolate, margin, marketable, noncontrolling, Organically, organize, reinvested, unrealized
Financial reports
Current reports
8-K
FLEETCOR Reports Second Quarter 2022 Financial Results
3 Aug 22
8-K
Amendments to Articles of Incorporation or Bylaws
14 Jun 22
8-K
Departure of Directors or Certain Officers
27 May 22
8-K
FLEETCOR Reports First Quarter 2022 Financial Results
4 May 22
8-K
Departure of Directors or Certain Officers
1 Mar 22
8-K
FLEETCOR Reports Fourth Quarter and Fiscal Year 2021 Financial Results
8 Feb 22
8-K
FLEETCOR Reports Third Quarter 2021 Financial Results
3 Nov 21
8-K
Departure of Directors or Certain Officers
5 Oct 21
8-K
FLEETCOR Reports Second Quarter 2021 Financial Results
4 Aug 21
8-K
Submission of Matters to a Vote of Security Holders
16 Jun 21
Registration and prospectus
S-8
Registration of securities for employees
28 Feb 18
424B3
Prospectus supplement
10 Sep 13
424B3
Prospectus supplement
9 Sep 13
FWP
Free writing prospectus
9 Sep 13
S-8
Registration of securities for employees
7 Aug 13
424B3
Prospectus supplement
7 Mar 13
424B3
Prospectus supplement
5 Mar 13
424B3
Prospectus supplement
28 Nov 12
FWP
Free writing prospectus
27 Nov 12
424B3
Prospectus supplement
26 Nov 12
Proxies
PX14A6G
Letter to shareholders
24 May 22
DEFR14A
Revised proxy
2 May 22
DEFA14A
Additional proxy soliciting materials
29 Apr 22
PRE 14A
Preliminary proxy
14 Apr 22
PX14A6G
Letter to shareholders
1 Jun 21
DEFA14A
Additional proxy soliciting materials
27 Apr 21
DEFA14A
Additional proxy soliciting materials
28 Apr 20
DEF 14A
Definitive proxy
28 Apr 20
Other
UPLOAD
Letter from SEC
14 Jan 21
CORRESP
Correspondence with SEC
7 Jan 21
UPLOAD
Letter from SEC
28 Dec 20
CT ORDER
Confidential treatment order
18 Aug 16
UPLOAD
Letter from SEC
29 Sep 15
CORRESP
Correspondence with SEC
16 Jul 15
UPLOAD
Letter from SEC
6 Jul 15
UPLOAD
Letter from SEC
9 Oct 12
CORRESP
Correspondence with SEC
17 Sep 12
UPLOAD
Letter from SEC
9 Sep 12
Ownership
4
FLEETCOR / Alissa B Vickery ownership change
30 Jun 22
4
FLEETCOR / Ronald Clarke ownership change
30 Jun 22
4
FLEETCOR / Alexey Gavrilenya ownership change
30 Mar 22
4
FLEETCOR / Charles Richard Freund ownership change
30 Mar 22
4
FLEETCOR / Armando Lins Netto ownership change
30 Mar 22
4
FLEETCOR / Alan King ownership change
30 Mar 22
4
FLEETCOR / Ronald Clarke ownership change
30 Mar 22
4
FLEETCOR / Alissa B Vickery ownership change
16 Mar 22
SC 13G
FLEETCOR / Clarke Ronald ownership change
14 Feb 22
SC 13G
FLEETCOR / PRICE T ROWE ASSOCIATES ownership change
14 Feb 22
Patents
Utility
Maintenance of virtual credit card pool for airline passenger vouchers
2 Nov 21
Methods and apparatus are disclosed for the maintenance of a virtual credit card pool for airline passenger vouchers.
Utility
Systems, Methods, and Computer Program Products for Managing Fuel Costs
16 Sep 20
Systems, methods, and computer program products are provided for managing fuel costs.
Utility
Dynamic Responsive Transit Management System
18 Mar 20
This application relates to a method for establishing a finalized route for transporting passengers throughout a region to an event, is described.
Transcripts
2022 Q2
Earnings call transcript
4 Aug 22
2022 Q1
Earnings call transcript
6 May 22
2021 Q4
Earnings call transcript
9 Feb 22
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
6 May 21
2020 Q4
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
6 Nov 20
2020 Q2
Earnings call transcript
7 Aug 20
2007 Q1
Earnings call transcript
9 May 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
229 S&P500 companies ($21.6t in market cap, 61.8%) report earnings in the next ~30 days
25 Jun 22
May 2022 portfolio compositions
6 May 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
This hurts to see, do I just hold? Lol ffs.
30 Apr 22
If you had to guess; what 5 stocks would you pick as the most likely to be this decades “FAANG” stocks?
29 Apr 22
Whats everyone's opinion on drone stocks?
10 Apr 22