|Bid||235.20 x N/A|
|Ask||271.44 x N/A|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||15.52|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
ATLANTA, September 26, 2022--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the departure of its Global Chief Financial Officer ("CFO"), Charles Freund. After almost 22 years, Mr. Freund is leaving the Company to join a private equity backed software company, as CFO.
The recent acquisition of Plugsurfing is expected to help FLEETCOR (FLT) expand into new customer segments with original equipment manufacturers and charge point operators.
The growing uptake of touchless payments and a solid M&A strategy might drive the Financial Transaction Services space. However, high technology investments will dampen margins. Stocks like V, MA, FIS, GPN and FLT will likely ride out the industry storms.