Fuel payment provider Fleetcor Technologies has joined the S&P 500 Index as one of 500 leading U.S. companies that combine to capture about 80% of the market capitalization. Fleetcor shares trade on the NYSE under the ticker FLT.
Starting June 20, the company also joined the S&P GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry Index. Fleetcor debuted as a public company after an initial public offering in 2010. The company ranked at 869 on the 2018 Fortune 1000 list of companies.
"Becoming an S&P 500 company is an incredibly satisfying achievement for Fleetcor," said Ron Clarke, chairman and chief executive officer. "Our inclusion in the index speaks to the long-running success of our growth strategy and validates our go forward prospects."