Is Selling FleetCor Technologies, Inc. Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling FleetCor Technologies, Inc. Here a Winning Strategy? Option Traders Hate The Stock

In today’s session FleetCor Technologies, Inc. (FLT) recorded an unusually high (324) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious FLT decrease. With 324 contracts traded and 414 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: FLT161118P00145000 closed last at: $2.15 or 4.9% up. About 197,694 shares traded hands. FleetCor Technologies, Inc. (NYSE:FLT) has risen 2.86% since April 7, 2016 and is uptrending. It has underperformed by 1.92% the S&P500.

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

Out of 11 analysts covering Fleetcor Technologies (NYSE:FLT), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $190 is the highest target while $75 is the lowest. The $166.08 average target is 12.50% above today’s ($147.63) stock price. Fleetcor Technologies has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, September 21. SunTrust initiated the shares of FLT in a report on Friday, June 24 with “Buy” rating. As per Wednesday, August 19, the company rating was maintained by Oppenheimer. On Thursday, August 6 the stock rating was upgraded by Susquehanna to “Positive”. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Neutral” rating by Credit Suisse on Friday, December 11. The rating was initiated by Suntrust Robinson on Friday, June 24 with “Buy”. The stock has “Neutral” rating given by JP Morgan on Friday, August 14. The firm has “Neutral” rating given on Friday, April 15 by Compass Point. Evercore downgraded the stock to “Hold” rating in Wednesday, September 30 report. Keefe Bruyette & Woods initiated it with “Outperform” rating and $185 target price in Monday, September 14 report.

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.”

Insitutional Activity: The institutional sentiment increased to 1.38 in Q2 2016. Its up 0.49, from 0.89 in 2016Q1. The ratio is positive, as 20 funds sold all FleetCor Technologies, Inc. shares owned while 106 reduced positions. 46 funds bought stakes while 128 increased positions. They now own 83.83 million shares or 3.25% less from 86.65 million shares in 2016Q1.
Fil, a Bermuda-based fund reported 44,721 shares. Sg Americas Secs Lc, a New York-based fund reported 11,806 shares. Beese Fulmer Management Inc has 1.19% invested in the company for 29,411 shares. Seven Eight Cap Ltd, a New York-based fund reported 4,400 shares. Old Natl Financial Bank In accumulated 0.07% or 8,391 shares. Moreover, Columbus Circle Investors has 1.43% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 999,168 shares. Credit Suisse Ag has 118,974 shares for 0.02% of their US portfolio. Schroder Inv Management owns 48,600 shares or 0.01% of their US portfolio. Mu Ltd has 1,130 shares for 0.11% of their US portfolio. Bloom Tree Ltd Com accumulated 477,353 shares or 5.16% of the stock. Delta Lloyd Nv holds 0.03% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 5,511 shares. Voya Investment Mngmt Ltd Liability, a Georgia-based fund reported 39,746 shares. Nebula Capital Mngmt L P owns 2,050 shares or 2.32% of their US portfolio. Moreover, Robeco Institutional Asset Bv has 0.02% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 18,748 shares. Sandy Spring Fincl Bank has 49 shares for 0% of their US portfolio.

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 $13.77 billion. The Firm operates in two divisions: North America and International. It has a 34.28 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.

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: Forbes.com, which released: “FleetCor Technologies Enters Oversold Territory (FLT)” on November 02, 2016. Prnewswire.com‘s article titled: “Research Reports Initiation on Business Services Stocks — FleetCor …” and published on November 08, 2016 is yet another important article.

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