FleetMatics Group PLC (FLTX) : Riverbridge Partners scooped up 842,824 additional shares in FleetMatics Group PLC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,730,783 shares of FleetMatics Group PLC which is valued at $103,137,359.FleetMatics Group PLC makes up approximately 2.07% of Riverbridge Partners’s portfolio.
Other Hedge Funds, Including , Ami Asset Management Corp boosted its stake in FLTX in the latest quarter, The investment management firm added 313 additional shares and now holds a total of 266,031 shares of FleetMatics Group PLC which is valued at $11,364,844. FleetMatics Group PLC makes up approx 0.76% of Ami Asset Management Corp’s portfolio.Acadian Asset Management reduced its stake in FLTX by selling 47,253 shares or 91.9% in the most recent quarter. The Hedge Fund company now holds 4,166 shares of FLTX which is valued at $178,971. Fox Run Management L.l.c. added FLTX to its portfolio by purchasing 12,500 company shares during the most recent quarter which is valued at $537,000. FleetMatics Group PLC makes up approx 0.25% of Fox Run Management L.l.c.’s portfolio.Juncture Wealth Strategies boosted its stake in FLTX in the latest quarter, The investment management firm added 1,270 additional shares and now holds a total of 23,480 shares of FleetMatics Group PLC which is valued at $1,054,956. FleetMatics Group PLC makes up approx 0.74% of Juncture Wealth Strategies’s portfolio.
FleetMatics Group PLC closed down -0.13 points or -0.22% at $59.46 with 16,24,995 shares getting traded on Thursday. Post opening the session at $59.56, the shares hit an intraday low of $59.44 and an intraday high of $59.645 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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. 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 .Company shares were Downgraded by Robert W. Baird on Aug 2, 2016 to ” Neutral”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .
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.