Ownership Action To Observe: Fleetcor Technologies Inc (NYSE:FLT) 2016 Q2 Sentiment

November 29, 2016 - By Nellie Frank   ·   0 Comments

Ownership Action To Observe: Fleetcor Technologies Inc (NYSE:FLT)  2016 Q2 Sentiment

Sentiment for Fleetcor Technologies Inc (NYSE:FLT)

Fleetcor Technologies Inc (NYSE:FLT) institutional sentiment decreased to 1.07 in 2016 Q2. Its down -0.31, from 1.38 in 2016Q1. The ratio fall, as 174 investment professionals opened new and increased positions, while 126 decreased and sold their positions in Fleetcor Technologies Inc. The investment professionals in our partner’s database reported: 83.83 million shares, down from 86.65 million shares in 2016Q1. Also, the number of investment professionals holding Fleetcor Technologies Inc in their top 10 positions decreased from 24 to 21 for a decrease of 3. Sold All: 20 Reduced: 106 Increased: 128 New Position: 46.

FleetCor Technologies, Inc. is an independent global well-known provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment services and products to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. The company has a market cap of $13.57 billion. The Firm operates in two divisions: North America and International. It has a 34.83 P/E ratio. In North America, the Company sells a fuel card product, commercial payment and data solutions, lodging and transportation management services, gift card and stored value solutions, as well as a fleet telematics offering.

About 366,922 shares traded hands. FleetCor Technologies, Inc. (NYSE:FLT) has declined 2.49% since April 26, 2016 and is downtrending. It has underperformed by 7.75% the S&P500.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on February, 2. They expect $1.74 EPS, up 33.85% or $0.44 from last year’s $1.3 per share. FLT’s profit will be $157.41M for 21.55 P/E if the $1.74 EPS becomes a reality. After $1.78 actual EPS reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts -2.25% negative EPS growth.

According to Zacks Investment Research, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments.”

12 West Capital Management Lp holds 32.72% of its portfolio in FleetCor Technologies, Inc. for 1.42 million shares. Hillman Co owns 239,144 shares or 16.95% of their US portfolio. Moreover, Levasseur Capital Partners Llc has 15.14% invested in the company for 63,675 shares. The New York-based Tiger Global Management Llc has invested 9.22% in the stock. Marble Arch Investments Lp, a New York-based fund reported 747,000 shares.#img1#

FleetCor Technologies, Inc. (NYSE:FLT) Ratings Coverage

Ratings analysis reveals 92% of Fleetcor Technologies’s analysts are positive. Out of 12 Wall Street analysts rating Fleetcor Technologies, 11 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $75 while the high is $190. The stock’s average target of $166.08 is 10.72% above today’s ($150) share price. FLT was included in 28 notes of analysts from August 6, 2015. SunTrust initiated FleetCor Technologies, Inc. (NYSE:FLT) rating on Friday, June 24. SunTrust has “Buy” rating and $175 price target. Suntrust Robinson initiated FleetCor Technologies, Inc. (NYSE:FLT) on Friday, June 24 with “Buy” rating. The rating was maintained by Monness Crespi & Hardt on Monday, September 19 with “Buy”. The rating was maintained by Barclays Capital on Friday, August 5 with “Overweight”. Compass Point initiated FleetCor Technologies, Inc. (NYSE:FLT) on Friday, April 15 with “Neutral” rating. The rating was initiated by Credit Suisse with “Neutral” on Friday, December 11. The firm earned “Outperform” rating on Friday, August 5 by Oppenheimer. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Outperform” rating given on Wednesday, February 3 by Keefe Bruyette & Woods. On Thursday, August 6 the stock rating was upgraded by Susquehanna to “Positive”. As per Wednesday, September 30, the company rating was downgraded by Evercore.

FLT Company Profile

FleetCor Technologies, Inc., incorporated on February 3, 1998, is an independent global well-known provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment services and products to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. The Firm operates in two divisions: North America and International. In North America, the Company sells a fuel card product, commercial payment and data solutions, lodging and transportation management services, gift card and stored value solutions, as well as a fleet telematics offering. In its International segment, the Company provides fuel card and related fuel services, work force payment and vehicle maintenance management solutions. It sells a range of customized fleet and lodging payment programs to its clients through partners, such as oil companies, leasing companies and petroleum marketers. The Firm provides clients with various card products that function like a charge card to purchase fuel, lodging, food, toll, transportation and related services and products at participating locations. It supports these cards with specialized issuing, processing and information services that enable it to manage card accounts, facilitate the routing, authorization, clearing and settlement of transactions, and provide value-added functionality and data, including customizable card-level controls and productivity analysis tools. It provides these services in a range of outsourced solutions ranging from end-to-end solution (encompassing issuing, processing and network services) to limited back office processing services.

More news for FleetCor Technologies, Inc. (NYSE:FLT) were recently published by: Fool.com, which released: “Why FleetCor Technologies Stock Flopped Today” on November 02, 2016. Forbes.com‘s article titled: “FleetCor Technologies Enters Oversold Territory (FLT)” and published on November 02, 2016 is yet another important article.

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By Nellie Frank

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