FLEETCOR Technologies, Inc. provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international suppliers, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyse and manage their corporate spending. The company also provides employee expense management solutions, including fuel solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers; lodging solutions to businesses that have employees who travel overnight for work purposes, as well as to airlines and cruise lines to accommodate traveling crews and stranded passengers; and electronic toll payments solutions to businesses and consumers in the form of radio frequency identification tags affixed to vehicles' windshields. In addition, it offers gift card program management and processing services in plastic and digital forms that include card design, production and packaging, delivery and fulfilment, card and account management, transaction processing, promotion development and management, website design and hosting, program analytics, and card distribution channel management. Further, it provides other products consisting of payroll cards, vehicle maintenance service solution, long-haul transportation solution, prepaid food vouchers or cards, and prepaid transportation cards and vouchers. The company serves business, merchant, consumer, and payment network customers in North America, Brazil, and Internationally. The company was founded in 1986 and is headquartered in Atlanta, Georgia.
IPO Year: 2010
Exchange: NYSE
Website: fleetcor.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/4/2024 | $325.00 → $330.00 | Neutral → Outperform | Robert W. Baird |
| 12/5/2023 | $300.00 | Outperform | BMO Capital Markets |
| 10/20/2023 | $280.00 | Neutral | UBS |
| 10/11/2023 | $275.00 → $302.00 | Outperform → Neutral | Robert W. Baird |
| 7/7/2023 | $310.00 | Buy | Deutsche Bank |
| 3/21/2023 | $254.00 | Mkt Perform → Outperform | Raymond James |
| 2/10/2023 | $235.00 → $254.00 | Neutral → Outperform | Robert W. Baird |
| 1/31/2023 | $208.00 → $240.00 | Neutral → Buy | BofA Securities |
| 10/20/2022 | $278.00 → $203.00 | Buy → Neutral | BofA Securities |
| 6/2/2022 | $300.00 | Outperform | Evercore ISI |
Adopting New Ticker CPAY FLEETCOR Technologies, Inc. (NYSE:FLT) ("the Company") a leading global payments Company, announced today it has rebranded the Company Corpay, Inc. The name change better reflects the Company's current portfolio of corporate payment solutions. The Company will begin trading today on the New York Stock Exchange under the new ticker symbol CPAY and the new CUSIP is 219948 106. About Corpay Corpay (NYSE:CPAY) is a global S&P500 corporate payments Company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay's suite of modern payment solutions help its customers better manage vehicle-related expenses (e.g. fueling and parking), tr
LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Corpay, a global leader in business payments, has been selected as winner of the "Spend Management Innovation Award" in the 8th annual FinTech Breakthrough Awards program, recognizing the breakthrough innovation of the Corpay Complete all-in-one spend management platform. Tailored to streamline and optimize corporate financial processes, Corpay Complete leverages Corpay's unique combination of best-in-class payments infrastructure coupled with fintech software ca
Adopting New Ticker CPAY on March 25, 2024 FLEETCOR Technologies, Inc. (NYSE:FLT) ("the Company") a leading global payments company, announced today its plans to rebrand the Company to Corpay. The name change better reflects the Company's current portfolio of corporate payment solutions. This name change will take effect on March 25, 2024 when the Company's stock begins trading on the New York Stock Exchange under the new ticker symbol CPAY. "The Corpay name better represents what we do now, which is provide corporate payment solutions. We will use Corpay as the go-to-market brand for our Corporate Payments segment, and retain our existing popular go-to-market brands in our Vehicle Paym
Now Serving 9 Million Drivers in Brazil FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company, today announced the closing of a majority investment in Zapay. The investment further scales FLEETCOR's Vehicle Payments business in Brazil and provides access to two million drivers who use Zapay's mobile app and website each month. Zapay is Brazil's first digital mobility solution for paying vehicle taxes, registration, and tickets, and is the only company integrated to the National Traffic Departments in all 27 states making it the leading provider for paying vehicle expenses to government bodies in Brazil. The company is experiencing rapid growth, with revenues
FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company, today announced that the Company will participate in the following investor conferences: On, Wednesday February 21, 2024, the Company will host a fireside chat at the Bank of America Financial Services Conference. The discussion will begin at 12:10 PM ET. On, Wednesday February 28, 2024, the Company will host a fireside chat at the Citi 13th Annual FinTech Conference. The discussion will begin at 10:15 AM ET. On Monday, March 4, 2024, the Company will present at the Raymond James 45th Annual Institutional Investor Conference. The discussion will begin at 3:25 PM ET. Investors and interested parti
All-time record annual revenues and earnings Increased Revolver capacity $600 million and plans to repurchase $800 million of shares in 2024 FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company, today reported financial results for its fourth quarter and year ended December 31, 2023. "2023 was a very successful year for the Company. We delivered full year organic revenue growth of 10% and EBITDA growth of 13%, which are in line with our long-term growth targets," said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. "Our Corporate Payments segment grew 19% for the year and now represents over 25% of total revenue. Additionally
FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company, today announced that it successfully closed on an amendment to its pro rata Term Loan A and Revolver A credit facilities. The transaction was leverage neutral and results in a $600 million increase in the Company's capacity under its facilities. This amendment resulted in an increase to the Company's revolver from $1.5 billion to $1.775 billion. In addition, the Company increased its borrowings under its Term Loan A facility by $325 million and used those proceeds to paydown its revolver balance. Interest rate and maturity terms remain consistent with the existing credit facilities. FLEETCOR anticipates us
The number-one B2B commercial Mastercard® issuer in North America simplifies corporate payments and spending into one easy-to-use, all-in-one, mobile-ready platform. Corpay, a FLEETCOR® brand and global leader in business payments, today announced the launch of Corpay Complete, a next-generation spend management platform for corporate payments and spending. The first-of-its-kind payment solution is now available to new customers in the United States and Canada and to eligible existing customers. Corpay Complete uniquely combines all aspects of spend management and payments into one mobile-ready platform. This integrates corporate cards and expense reimbursements with accounts payable (A
FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company ("FLEETCOR"), today announced that the Company will host a conference call to discuss fourth quarter and fiscal year 2023 financial results on Wednesday, February 7, 2024 at 5:30 pm ET. Hosting the call will be Ron Clarke, chief executive officer, Tom Panther, chief financial officer and Jim Eglseder, investor relations. A press release with fourth quarter and fiscal year financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.fleetcor.com/. The conference call can also be accessed live over the ph
Providing access to currency risk management and cross-border payments solutions Corpay1, a FLEETCOR® (NYSE:FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with Cricket Ireland to become their Official Foreign Exchange (FX) Partner. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240115636997/en/ Through this partnership, Cricket Ireland, along with their broader ecosystem of corporate business partners* will be able to gain access to and utilise Corpay's innovative solutions to help mitigate their foreign exchange exposure. Additionally
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4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
4 - FLEETCOR TECHNOLOGIES INC (0001175454) (Issuer)
10-Q - CORPAY, INC. (0001175454) (Filer)
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8-K - FLEETCOR TECHNOLOGIES INC (0001175454) (Filer)
10-K - FLEETCOR TECHNOLOGIES INC (0001175454) (Filer)
8-K - FLEETCOR TECHNOLOGIES INC (0001175454) (Filer)
8-K - FLEETCOR TECHNOLOGIES INC (0001175454) (Filer)
10-Q - FLEETCOR TECHNOLOGIES INC (0001175454) (Filer)
Robert W. Baird upgraded FleetCor from Neutral to Outperform and set a new price target of $330.00 from $325.00 previously
BMO Capital Markets initiated coverage of FleetCor with a rating of Outperform and set a new price target of $300.00
UBS resumed coverage of FleetCor with a rating of Neutral and set a new price target of $280.00
Robert W. Baird downgraded FleetCor from Outperform to Neutral and set a new price target of $302.00 from $275.00 previously
Deutsche Bank initiated coverage of FleetCor with a rating of Buy and set a new price target of $310.00
Raymond James upgraded FleetCor from Mkt Perform to Outperform and set a new price target of $254.00
Robert W. Baird upgraded FleetCor from Neutral to Outperform and set a new price target of $254.00 from $235.00 previously
BofA Securities upgraded FleetCor from Neutral to Buy and set a new price target of $240.00 from $208.00 previously
BofA Securities downgraded FleetCor from Buy to Neutral and set a new price target of $203.00 from $278.00 previously
Evercore ISI resumed coverage of FleetCor with a rating of Outperform and set a new price target of $300.00