Herald Investment Management Ltd Has $4.81 Million Stake in Franklin Covey Company (NYSE:FC)

Key Points

• Herald Investment Management Ltd increased its holdings in Franklin Covey Company by 9.4%, owning 175,000 shares valued at approximately $4.81 million as of the latest 13F filing.
• Institutional investors and hedge funds currently own 69.88% of Franklin Covey's stock, indicating strong institutional interest in the company.
• Despite posting earnings of $0.18 per share for the last quarter, which exceeded estimates, Franklin Covey's revenue fell short of expectations at $67.12 million.

Herald Investment Management Ltd increased its holdings in shares of Franklin Covey Company (NYSE:FC - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,000 shares of the business services provider's stock after buying an additional 15,000 shares during the quarter. Herald Investment Management Ltd owned 1.35% of Franklin Covey worth $4,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EP Wealth Advisors LLC increased its holdings in Franklin Covey by 1.8% during the 4th quarter. EP Wealth Advisors LLC now owns 18,128 shares of the business services provider's stock valued at $681,000 after purchasing an additional 319 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Franklin Covey by 152.2% during the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock valued at $27,000 after purchasing an additional 589 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Franklin Covey by 7.4% during the fourth quarter. Point72 Asset Management L.P. now owns 8,841 shares of the business services provider's stock valued at $332,000 after acquiring an additional 608 shares during the last quarter. Nuveen Asset Management LLC grew its position in Franklin Covey by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 95,542 shares of the business services provider's stock valued at $3,590,000 after acquiring an additional 918 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Franklin Covey by 6.7% during the first quarter. Rhumbline Advisers now owns 16,427 shares of the business services provider's stock worth $454,000 after buying an additional 1,033 shares in the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Stock Performance

FC stock traded up $0.78 during trading on Tuesday, reaching $19.18. The stock had a trading volume of 45,669 shares, compared to its average volume of 131,798. Franklin Covey Company has a 52 week low of $18.32 and a 52 week high of $44.16. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. The firm has a market cap of $242.49 million, a PE ratio of 24.28, a PEG ratio of 1.52 and a beta of 0.91. The stock's 50 day moving average is $21.27 and its two-hundred day moving average is $25.16.

Franklin Covey (NYSE:FC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.26. Franklin Covey had a return on equity of 19.08% and a net margin of 3.81%. The business had revenue of $67.12 million during the quarter, compared to analysts' expectations of $67.49 million. During the same quarter last year, the business posted $0.46 earnings per share. As a group, equities analysts anticipate that Franklin Covey Company will post 0.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on FC. Roth Capital reduced their price objective on Franklin Covey from $30.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, July 7th. Barrington Research reiterated an "outperform" rating and set a $35.00 price target on shares of Franklin Covey in a report on Thursday, July 3rd.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.