Goodnow Investment Group Lowers stake in FleetMatics Group PLC (FLTX)

FleetMatics Group PLC (FLTX) : Goodnow Investment Group reduced its stake in FleetMatics Group PLC by 1.52% during the most recent quarter end. The investment management company now holds a total of 6,460 shares of FleetMatics Group PLC which is valued at $383,659 after selling 100 shares in FleetMatics Group PLC , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.FleetMatics Group PLC makes up approximately 0.08% of Goodnow Investment Group’s portfolio.

Other Hedge Funds, Including , Lazard Asset Management boosted its stake in FLTX in the latest quarter, The investment management firm added 83,600 additional shares and now holds a total of 83,740 shares of FleetMatics Group PLC which is valued at $4,973,319. FleetMatics Group PLC makes up approx 0.01% of Lazard Asset Management’s portfolio. Nuveen Asset Management added FLTX to its portfolio by purchasing 31,050 company shares during the most recent quarter which is valued at $1,844,060. FleetMatics Group PLC makes up approx 0.01% of Nuveen Asset Management’s portfolio. Quadrature Capital Ltd sold out all of its stake in FLTX during the most recent quarter. The investment firm sold 7,022 shares of FLTX which is valued $417,037. Airain Ltd sold out all of its stake in FLTX during the most recent quarter. The investment firm sold 4,956 shares of FLTX which is valued $294,882. Capital Fund Management S.a. sold out all of its stake in FLTX during the most recent quarter. The investment firm sold 23,800 shares of FLTX which is valued $1,007,454.

FleetMatics Group PLC opened for trading at $59.92 and hit $59.99 on the upside on Wednesday, eventually ending the session at $59.99, with a gain of 0.10% or 0.06 points. The heightened volatility saw the trading volume jump to 692,304 shares. Company has a market cap of $2,350 M.

On the company’s financial health, FleetMatics Group PLC reported $0.35 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $78.90 million for the quarter, compared to analysts expectations of $79.32 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on FleetMatics Group PLC. FleetMatics Group PLC was Downgraded by Citigroup to ” Neutral” on Aug 9, 2016. Company shares were Downgraded by Barclays on Aug 4, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 59 from a previous price target of $46 .Company shares were Downgraded by Imperial Capital on Aug 2, 2016 to ” In-line”, Firm has raised the Price Target to $ 60 from a previous price target of $50 .

Fleetmatics Group PLC is a holding company. The Company is a provider of fleet management solutions delivered as software-as-a-service (SaaS). Its mobile software platform enables businesses to manage their local fleets of commercial vehicles. It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location fuel usage speed and mileage and others into their mobile workforce. The Company’s product offerings include Fleetmatics REVEAL a business intelligence-based fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+ which extends Fleetmatics REVEAL to larger enterprises and Fleetmatics WORK a field service management solution. The Company’s solutions include fleet management and field service management. The Company’s subsidiaries are Fleetmatics Ireland Limited Fleetmatics (UK) Limited Fleetmatics USA LLC Fleetmatics Netherlands B.V. Fleetmatics de Mexico Srl and Fleetmatics Pty Ltd.

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