Janney Montgomery Scott LLC Sells Shares of FLEETCOR Technologies, at Defense World
August 11, 2023
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Janney Montgomery Scott LLC recently sold shares of FLEETCOR ($NYSE:FLT) Technologies, Inc. as part of Defense World. FLEETCOR provides fuel cards, fleet cards, prepaid cards, and other specialized payment services to its customers. The company also offers innovative payment solutions to its customers in the form of mobile payment technologies and merchant network solutions. FLEETCOR’s products and services are designed to help businesses reduce their operational costs and improve their bottom line.
In addition, the company’s payment solutions make it easier for customers to accept payments from all major credit cards, debit cards, and ACH payments. The company’s innovative products and services make it a great long-term investment opportunity. Investors should consider this as a defensive move since FLEETCOR Technologies has been performing well in recent years and has the potential to continue to grow in the future.
Market Price
The stock opened at $247.0 and closed at $246.8, up by 0.4% from the previous closing price of 245.7. This slight increase marked a positive trend for FLEETCOR Technologies share prices, as investors continue to show their confidence in the company and its services. Despite the modest uptick, overall trading volume for the day remained relatively low, indicating little immediate change in investor sentiment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fleetcor Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 3.63k | 928.74 | 25.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fleetcor Technologies. More…
| Operations | Investing | Financing |
| 1.54k | -469.19 | -675.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fleetcor Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.18k | 11.92k | 44.2 |
Key Ratios Snapshot
Some of the financial key ratios for Fleetcor Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.2% | 13.3% | 42.7% |
| FCF Margin | ROE | ROA |
| 37.9% | 31.5% | 6.4% |
Analysis
GoodWhale has analyzed the fundamentals of FLEETCOR TECHNOLOGIES and concluded that it is strong in asset, growth, profitability and weak in dividend, as shown on our Star Chart. We have classified FLEETCOR TECHNOLOGIES into the ‘gorilla’ category, which indicates that it has achieved a stable and high revenue or earning growth due to its strong competitive advantages. Given its attractive fundamentals, FLEETCOR TECHNOLOGIES may be of interest to investors looking for long-term investments with potential for capital gains. Furthermore, FLEETCOR TECHNOLOGIES has a high health score of 8/10 with regard to its cashflows and debt, which indicates that it is capable of paying off debt and funding future operations. More…
Peers
The company operates in North America, Europe, and Asia Pacific. Fleetcor serves customers in the transportation, oil and gas, grocery, and travel industries. The company’s competitors include Evertec Inc, Splitit Payments Ltd, Nexi SpA.
– Evertec Inc ($NYSE:EVTC)
Evertec Inc is a provider of transaction processing services in Latin America and the Caribbean. The company has a market cap of 2.19B as of 2022 and a Return on Equity of 24.84%. Evertec Inc operates in three segments: Merchant Acquiring, Payment Processing and Commercial Services. The company offers a range of services, including credit and debit card processing, electronic bill payment processing, check processing, money transfer services and other value-added services. Evertec Inc serves a diversified base of customers, including financial institutions, retailers, government agencies and utility companies.
– Splitit Payments Ltd ($ASX:SPT)
Splitit Payments Ltd is a provider of installment payment solutions. The company offers its services to merchants and retailers who wish to provide their customers with the ability to pay for goods and services in installments. Splitit Payments Ltd has a market cap of 71.81M as of 2022. The company’s Return on Equity for the same period is -45.58%.
– Nexi SpA ($OTCPK:NEXPF)
Nexi SpA is a publicly traded company that provides payment processing services in Italy. As of 2022, the company had a market capitalization of 11.24 billion euros and a return on equity of 2.01%. The company offers a range of services including credit and debit card processing, e-commerce solutions, and point-of-sale financing.
Summary
Janney Montgomery Scott LLC recently sold shares of FLEETCOR Technologies, Inc., a global payment solutions provider. Analysts have been bullish on this stock, noting its strong fundamentals and attractive risk/reward profile. The company has seen impressive organic growth, supported by its expanding customer base and new product offerings.
Additionally, the company has achieved significant cost efficiencies due to its aggressive focus on cost control. The stock is also trading at a discount to its peers and offers a good entry point for long-term investors. With a solid balance sheet and low debt levels, investors can be confident that FLEETCOR Technologies is well-positioned to continue to execute its growth strategies in the future.
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