FleetMatics Group PLC (FLTX) : Ashford Capital Management Inc reduced its stake in FleetMatics Group PLC by 23.66% during the most recent quarter end. The investment management company now holds a total of 224,699 shares of FleetMatics Group PLC which is valued at $13,344,874 after selling 69,631 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 2.71% of Ashford Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Aqr Capital Management boosted its stake in FLTX in the latest quarter, The investment management firm added 8,300 additional shares and now holds a total of 95,514 shares of FleetMatics Group PLC which is valued at $5,672,576. FleetMatics Group PLC makes up approx 0.01% of Aqr Capital Management’s portfolio.Blackrock Fund Advisors boosted its stake in FLTX in the latest quarter, The investment management firm added 24,045 additional shares and now holds a total of 931,638 shares of FleetMatics Group PLC which is valued at $55,329,981. FleetMatics Group PLC makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Victory Capital Management Inc reduced its stake in FLTX by selling 76,531 shares or 98.41% in the most recent quarter. The Hedge Fund company now holds 1,237 shares of FLTX which is valued at $73,552.Strs Ohio reduced its stake in FLTX by selling 19,400 shares or 95.57% in the most recent quarter. The Hedge Fund company now holds 900 shares of FLTX which is valued at $38,097.
FleetMatics Group PLC opened for trading at $59.87 and hit $59.92 on the upside on Thursday, eventually ending the session at $59.89, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 5,41,740 shares. Company has a market cap of $2,346 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 Companys 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 Companys solutions include fleet management and field service management. The Companys subsidiaries are Fleetmatics Ireland Limited Fleetmatics (UK) Limited Fleetmatics USA LLC Fleetmatics Netherlands B.V. Fleetmatics de Mexico Srl and Fleetmatics Pty Ltd.