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Truist Financial Remains a Buy on Fleetcor Technologies (FLT)

In a report released today, Andrew Jeffrey from Truist Financial maintained a Buy rating on Fleetcor Technologies (FLTResearch Report), with a price target of $225.00. The company’s shares opened today at $164.81.

Jeffrey covers the Technology sector, focusing on stocks such as WEX, Affirm Holdings, and Flywire. According to TipRanks, Jeffrey has an average return of 11.1% and a 61.89% success rate on recommended stocks.

In addition to Truist Financial, Fleetcor Technologies also received a Buy from KBW’s Sanjay Sakhrani in a report issued on October 10. However, on October 11, Morgan Stanley maintained a Hold rating on Fleetcor Technologies (NYSE: FLT).

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The company has a one-year high of $282.02 and a one-year low of $169.06. Currently, Fleetcor Technologies has an average volume of 582.3K.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

FleetCor Technologies, Inc. is a global business payments company that simplifies the way businesses manage and pay their expenses. The company portfolios of brands help companies automate, secure, digitize and control payments to, or on behalf of, their employees and suppliers. It serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. The company was founded by W. Boatner Reily, III on February 3, 1998 and is headquartered in Norcross, GA.

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