Fleetcor Technologies Inc (NYSE:FLT) Stock Sentiment Worsens

August 15, 2017 – By Marguerite Chambers

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 dropped, as 148 hedge funds started new and increased holdings, while 177 sold and trimmed stakes in Fleetcor Technologies Inc. The hedge funds in our partner’s database now hold: 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 $13.16 billion. The Firm offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. It has a 28.3 P/E ratio. The Firm operates through two divisions: North America and International.

About 788,404 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since August 15, 2016 and is downtrending. It has underperformed by 23.37% the S&P500.

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 $201.5000. The stock’s average target of $170.39 is 19.09% above today’s ($143.08) share price. FLT was included in 37 notes of analysts from August 6, 2015. Keefe Bruyette & Woods maintained the shares of FLT in report on Wednesday, February 3 with “Outperform” rating. The rating was initiated by Suntrust Robinson with “Buy” on Friday, June 24. The company was maintained on Friday, May 5 by JP Morgan. The firm earned “Buy” rating on Thursday, May 25 by Jefferies. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Keefe Bruyette & Woods on Monday, August 7. Barclays Capital maintained the shares of FLT in report on Friday, August 5 with “Overweight” rating. Citigroup maintained the shares of FLT in report on Thursday, July 13 with “Buy” rating. The rating was upgraded by Oppenheimer on Friday, August 5 to “Outperform”. The rating was maintained by Oppenheimer with “Buy” on Thursday, August 3. Keefe Bruyette & Woods initiated the stock with “Outperform” rating in Monday, September 14 report.

More notable recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Gurufocus.com which released: “Steadfast Capital Management Lp Buys Fleetcor Technologies Inc, Viacom Inc …” on August 14, 2017, also Businesswire.com with their article: “FLEETCOR 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former …” published on August 12, 2017, Nasdaq.com published: “Academy Capital Management Inc Buys Fleetcor Technologies Inc, Sells Franklin …” on July 21, 2017. More interesting news about FleetCor Technologies, Inc. (NYSE:FLT) were released by: Seekingalpha.com and their article: “FleetCor: A Low Price For A High Growth Company” published on August 07, 2017 as well as Businesswire.com‘s news article titled: “FLEETCOR Completes Acquisition of Cambridge Global Payments, a Leading B2B …” with publication date: August 09, 2017.