Fleetcor Technologies Inc Stock Rise in Q4 2016 Driven by Institutional Investors

May 19, 2017 - By Peter Erickson

 Fleetcor Technologies Inc Stock Rise in  Q4 2016 Driven by Institutional Investors

Sentiment for Fleetcor Technologies Inc (NYSE:FLT)

Fleetcor Technologies Inc (NYSE:FLT) institutional sentiment decreased to 0.84 in Q4 2016. Its down -0.23, from 1.07 in 2016Q3. The ratio is negative, as 148 hedge funds started new and increased holdings, while 177 reduced and sold stakes in Fleetcor Technologies Inc. The hedge funds in our partner’s database reported: 85.90 million shares, up from 84.88 million shares in 2016Q3. Also, the number of hedge funds holding Fleetcor Technologies Inc in their top 10 holdings decreased from 23 to 15 for a decrease of 8. Sold All: 52 Reduced: 125 Increased: 103 New Position: 45.

FleetCor Technologies, Inc. is a provider of workforce payment products. The company has market cap of $12.33 billion. The Firm offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. It has a 27.83 P/E ratio. The Firm operates through two divisions: North America and International.

About 517,679 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on August, 3. They expect $1.82 EPS, up 28.17 % or $0.40 from last year’s $1.42 per share. FLT’s profit will be $165.00 million for 18.68 P/E if the $1.82 EPS becomes a reality. After $1.77 actual EPS reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts 2.82 % EPS growth.

12 West Capital Management Lp holds 35.35% of its portfolio in FleetCor Technologies, Inc. for 1.41 million shares. Hillman Co owns 239,144 shares or 11.78% of their US portfolio. Moreover, Selkirk Management Llc has 7.58% invested in the company for 84,239 shares. The New York-based Bloom Tree Partners Llc has invested 7.53% in the stock. Marble Arch Investments Lp, a New York-based fund reported 703,100 shares.#img1#

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

Ratings analysis reveals 93% of Fleetcor Technologies’s analysts are positive. Out of 15 Wall Street analysts rating Fleetcor Technologies, 14 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $75 while the high is $197. The stock’s average target of $163.92 is 20.52% above today’s ($136.01) share price. FLT was included in 33 notes of analysts from August 6, 2015. Keefe Bruyette & Woods initiated the stock with “Outperform” rating in Monday, September 14 report. The rating was maintained by Monness Crespi & Hardt on Monday, September 19 with “Buy”. As per Friday, August 5, the company rating was maintained by Barclays Capital. The rating was initiated by Suntrust Robinson with “Buy” on Friday, June 24. The stock has “Buy” rating by SunTrust on Friday, June 24. The rating was maintained by Keefe Bruyette & Woods on Wednesday, February 3 with “Outperform”. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Jefferies on Wednesday, April 5. The stock has “Overweight” rating by Barclays Capital on Wednesday, September 21. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Overweight” rating by JP Morgan on Friday, May 5. Oppenheimer maintained the stock with “Hold” rating in Wednesday, August 19 report.

More notable recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Seekingalpha.com which released: “FleetCor to buy Cambridge Global Payments for $675M” on May 01, 2017, also Nasdaq.com with their article: “Yg Partners, Llc Buys Conduent Inc, Gartner Inc, CoreLogic Inc, Sells Fleetcor …” published on May 17, 2017, Streetinsider.com published: “Fleetcor Technologies, Inc. (FLT) Appoints Hala Moddelmog to Board” on April 26, 2017. More interesting news about FleetCor Technologies, Inc. (NYSE:FLT) were released by: Finance.Yahoo.com and their article: “FLEETCOR Technologies to Announce First Quarter 2017 Results on May 3, 2017” published on April 20, 2017 as well as Prnewswire.com‘s news article titled: “Research Reports Initiation on Business Services Stocks — FleetCor …” with publication date: May 15, 2017.

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