FleetCor Technologies (FLT) Earns Media Impact Score of 0.01

News articles about FleetCor Technologies (NYSE:FLT) have trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FleetCor Technologies earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 47.0710167594481 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

FleetCor Technologies (NYSE FLT) traded up $0.04 during mid-day trading on Monday, reaching $178.69. The company’s stock had a trading volume of 1,059,900 shares, compared to its average volume of 1,169,797. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. FleetCor Technologies has a twelve month low of $121.52 and a twelve month high of $183.61. The stock has a market capitalization of $16,000.00, a PE ratio of 24.18, a P/E/G ratio of 1.30 and a beta of 1.50.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.04. FleetCor Technologies had a return on equity of 20.99% and a net margin of 25.66%. The firm had revenue of $577.90 million for the quarter, compared to analysts’ expectations of $576.78 million. During the same quarter in the prior year, the firm earned $1.92 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. equities research analysts forecast that FleetCor Technologies will post 7.75 earnings per share for the current year.

FleetCor Technologies announced that its board has initiated a share repurchase plan on Thursday, August 3rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

A number of equities analysts recently commented on FLT shares. Keefe, Bruyette & Woods set a $202.00 target price on FleetCor Technologies and gave the stock a “buy” rating in a report on Monday, August 7th. Zacks Investment Research upgraded FleetCor Technologies from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Tuesday, August 8th. BidaskClub downgraded FleetCor Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Credit Suisse Group reiterated an “outperform” rating on shares of FleetCor Technologies in a report on Tuesday, September 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $197.00 target price on shares of FleetCor Technologies in a report on Saturday, September 16th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $184.23.

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In other news, insider Kurt Patrick Adams sold 7,099 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the transaction, the insider now directly owns 9,246 shares in the company, valued at approximately $1,571,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Blazye sold 2,442 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $144.00, for a total value of $351,648.00. Following the transaction, the chief executive officer now owns 24,766 shares in the company, valued at $3,566,304. The disclosure for this sale can be found here. Insiders sold a total of 17,894 shares of company stock worth $2,761,310 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.

About FleetCor Technologies

FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.

Insider Buying and Selling by Quarter for FleetCor Technologies (NYSE:FLT)

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