Fleetcor Technologies Inc. (FLT): Today's Featured Diversified Services Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Fleetcor Technologies ( FLT) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day up 1.0%. By the end of trading, Fleetcor Technologies rose $1.38 (1.7%) to $83.43 on average volume. Throughout the day, 1,008,454 shares of Fleetcor Technologies exchanged hands as compared to its average daily volume of 868,100 shares. The stock ranged in a price between $82.26-$83.67 after having opened the day at $82.26 as compared to the previous trading day's close of $82.05. Other companies within the Diversified Services industry that increased today were: Acquity Group Ltd ADR ( AQ), up 113.6%, Websense ( WBSN), up 28.8%, Genetic Technologies ( GENE), up 14.4% and Daegis ( DAEG), up 13.1%.
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FleetCor Technologies, Inc. provides fuel cards and workforce payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Latin America, and Europe. Fleetcor Technologies has a market cap of $6.6 billion and is part of the services sector. The company has a P/E ratio of 29.0, above the S&P 500 P/E ratio of 17.7. Shares are up 52.9% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Fleetcor Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Fleetcor Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Team ( TISI), down 16.8%, WidePoint Corporation ( WYY), down 8.4%, Barrett Business Services ( BBSI), down 6.8% and Luna Innovations ( LUNA), down 5.9% , were all laggards within the diversified services industry with McGraw Hill Financial ( MHP) being today's diversified services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

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