Shares of FleetCor Technologies, Inc. (FLT) Sees Large Inflow of Net Money Flow

FleetCor Technologies, Inc. (FLT) dropped slightly amid mild profit booking and the last known price was $147.27 per share. The price decreased by -0.22 points or -0.15% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $1.26 million. The total upticks were valued at $3 million and the total downticks aggregated to $1.74 million, thereby putting the up/down ratio at 1.72,. The shares has seen a change in the share price of -0.61% on a weekly basis.In a big block trade which occurred today, the total uptick value was $1.48 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $1.48 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

FleetCor Technologies, Inc. has dropped 2.92% in the last five trading days, however, the shares have posted positive gains of 3.41% in the last 4 weeks. FleetCor Technologies, Inc. has dropped 16.52% during the last 3-month period . Year-to-Date the stock performance stands at 3.41%. FleetCor Technologies, Inc. (NYSE:FLT) witnessed a decline in the market cap on Wednesday as its shares dropped 0.78% or 1.15 points. After the session commenced at $148.15, the stock reached the higher end at $148.19 while it hit a low of $145.38. With the volume soaring to 1,120,694 shares, the last trade was called at $146.34. The company has a 52-week high of $176.42. The company has a market cap of $13,579 million and there are 92,791,739 shares in outstanding. The 52-week low of the share price is $111.23.

Company has reported several Insider transactions to the SEC, on Jan 24, 2017, David D Maxsimic (CEO UK & Austarlia/New Zealand) sold 1,270 shares at 150.11 per share price.On Oct 28, 2016, John A Reed (Global Chief Information Offic) sold 3,000 shares at 175.61 per share price.On Oct 19, 2016, Todd House (President NA Card Products) sold 8,000 shares at 172.26 per share price.

FleetCor Technologies Last issued its quarterly earnings results on Nov 1, 2016. The company reported $1.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $1.86. The company had revenue of $484.40 million for the quarter, compared to analysts expectations of $491.20 million. The companys revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.FleetCor Technologies was Initiated by Citigroup to Buy on Dec 15, 2016. FleetCor Technologies was Upgraded by Wells Fargo to Outperform on Nov 18, 2016.

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.

FleetCor

Share this post

Leave a Reply