Filing of The Day: Mario Gabelli’s Gamco Investors, Inc Et Al Just Disclosed New Fleetmatics Group Plc Position

Filing of The Day: Mario Gabelli's Gamco Investors, Inc Et Al Just Disclosed New Fleetmatics Group Plc Position

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Fleetmatics Group Plc

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for Fleetmatics Group Plc. The form can be accessed here: 000080724916000455. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 4.32% or 1,695,496 shares of the Information Technology–company.

Fleetmatics Group Plc stake is a new one for the for the hedge fund and it was filed because of activity on September 28, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Fleetmatics Group Plc Institutional Sentiment

Latest Security and Exchange filings show 162 investors own Fleetmatics Group Plc. The institutional ownership in Q3 2015 is high, at 122.78% of the outstanding shares. This is increased by 7634232 the total institutional shares. 48094718 were the shares owned by these institutional investors. In total 24 funds opened new Fleetmatics Group Plc stakes, 49 increased stakes. There were 16 that closed positions and 69 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Rice Hall James & Associates Llc, Smith Thomas W, Weatherbie Capital Llc..

Ashford Capital Management Inc is an institutional investor bullish on Fleetmatics Group Plc, owning 291830 shares as of Q3 2015 for 3.36% of its portfolio. Shearlink Capital Llc owns 365605 shares or 7.89% of its portfolio. NY Hartwell J M Limited Partnership have 0.84% of their stock portfolio for 74675 shares. Further, Matterhorn Capital Management Llc reported stake worth 1.92% of its US stock portfolio. The NC Franklin Street Advisors Inc owns 30070 shares. Fleetmatics Group Plc is 0.29% of the manager’s US portfolio.

Business Profile

Fleetmatics Group PLC is a holding company. The Company is a provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS). 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. Its SaaS-based fleet management solution enables businesses to manage their local fleets by extracting actionable business intelligence from vehicle and driver behavioral data. The Company conducts all of its business through its operating subsidiaries.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.14, from 1.15 in 2016Q1. The ratio improved, as 24 funds sold all FleetMatics Group PLC shares owned while 56 reduced positions. 33 funds bought stakes while 70 increased positions. They now own 39.66 million shares or 3.81% less from 41.23 million shares in 2016Q1.

Millennium Ltd Com last reported 30,901 shares in the company. Teacher Retirement Sys Of Texas has 5,390 shares for 0% of their US portfolio. Janus Capital Management Limited Com holds 0.02% of its portfolio in FleetMatics Group PLC (NYSE:FLTX) for 670,690 shares. Wellington Mgmt Grp Llp accumulated 390,047 shares or 0% of the stock. Blackrock Advsrs Lc holds 0% or 59,361 shares in its portfolio. State Street Corp reported 642,059 shares or 0% of all its holdings. Citigroup has 10,403 shares for 0% of their US portfolio. Fmr Lc holds 2.78 million shares or 0.02% of its portfolio. Carroll Fincl Associate has 170 shares for 0% of their US portfolio. Moreover, Brick Kyle Assocs has 0.01% invested in FleetMatics Group PLC (NYSE:FLTX) for 300 shares. Westfield Cap Mngmt Lp last reported 268,300 shares in the company. Boston Common Asset Ltd Liability last reported 74,785 shares in the company. Swiss State Bank has invested 0% of its portfolio in FleetMatics Group PLC (NYSE:FLTX). Da Davidson & last reported 90,629 shares in the company. Cortina Asset Management Ltd Co accumulated 181,550 shares or 0.36% of the stock.

Insider Transactions: Since April 13, 2016, the stock had 0 insider buys, and 5 selling transactions for $976,188 net activity. LIFSHATZ STEPHEN J sold 7,500 shares worth $300,623. Kelliher James F. sold $134,130 worth of FleetMatics Group PLC (NYSE:FLTX) on Tuesday, May 10. Another trade for 500 shares valued at $17,710 was made by Halligan Brian on Wednesday, April 13.

About 34,747 shares traded hands. FleetMatics Group PLC (NYSE:FLTX) has risen 66.10% since February 29, 2016 and is uptrending. It has outperformed by 53.89% the S&P500.

Fleetmatics Group PLC is a holding company. The company has a market cap of $2.35 billion. The Firm is a well-known provider of mobile workforce solutions for service businesses of all sizes delivered as software-as-a-service . It has a 77.94 P/E ratio. It offers Web and mobile application solutions that provide fleet operators with access to vehicle location, fuel usage, speed and mileage and others into their mobile workforce.

FleetMatics Group PLC (NYSE:FLTX) Ratings Coverage

Out of 12 analysts covering Fleetmatics (NYSE:FLTX), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. $63 is the highest target while $48 is the lowest. The $56.22 average target is -6.25% below today’s ($59.97) stock price. Fleetmatics has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of FleetMatics Group PLC (NYSE:FLTX) has “Market Perform” rating given on Thursday, February 25 by Avondale. As per Tuesday, February 23, the company rating was initiated by Raymond James. The stock has “Outperform” rating given by RBC Capital Markets on Monday, November 2. The company was initiated on Friday, October 30 by Citigroup. As per Tuesday, February 9, the company rating was initiated by Avondale. The rating was maintained by RBC Capital Markets on Wednesday, August 5 with “Outperform”. As per Wednesday, May 25, the company rating was upgraded by Pacific Crest. On Wednesday, June 29 the stock rating was initiated by Robert W. Baird with “Outperform”. The rating was initiated by Imperial Capital on Wednesday, August 19 with “In-Line”. As per Tuesday, August 2, the company rating was downgraded by Imperial Capital.

More news for FleetMatics Group PLC (NYSE:FLTX) were recently published by: Fool.com, which released: “Fleetmatics Group PLC Soars on Acquisition By Verizon Communications” on August 01, 2016. Streetinsider.com‘s article titled: “Fleetmatics Group (FLTX) Acquires Inosat” and published on September 07, 2016 is yet another important article.

According to Zacks Investment Research, “Fleetmatics Group Limited provides fleet management solutions for small and medium-sized businesses delivered as software-as-a-service. It offers Web-based and mobile application solutions, which provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage and other insights into their mobile workforce. The Company’s solutions are marketed and sold under both the Fleetmatics and SageQuest brands. Fleetmatics Group Limited is based in Tallaght, Ireland.”

FLTX Company Profile

Fleetmatics Group PLC, incorporated on August 15, 2012, is a holding company. The Firm is a well-known provider of mobile workforce solutions for service businesses of all sizes delivered as software-as-a-service (SaaS). The Company’s mobile software platform enables businesses to manage their local fleets of commercial vehicles. The Firm offers Web 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 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment