Northern Trust Corp Buys 11,266 Shares of Franklin Covey Co. (NYSE:FC)

Northern Trust Corp boosted its stake in Franklin Covey Co. (NYSE:FC - Free Report) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,665 shares of the business services provider's stock after acquiring an additional 11,266 shares during the period. Northern Trust Corp owned 0.91% of Franklin Covey worth $4,535,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new position in Franklin Covey in the fourth quarter valued at approximately $38,000. Aquatic Capital Management LLC acquired a new position in shares of Franklin Covey during the fourth quarter worth approximately $56,000. R Squared Ltd acquired a new position in shares of Franklin Covey during the fourth quarter worth approximately $57,000. Wiser Advisor Group LLC raised its position in shares of Franklin Covey by 100.2% during the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider's stock worth $68,000 after purchasing an additional 907 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Franklin Covey by 509.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock worth $81,000 after purchasing an additional 1,802 shares during the period. 69.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FC has been the topic of a number of research reports. Wall Street Zen lowered Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Barrington Research reissued an "outperform" rating and issued a $35.00 price target on shares of Franklin Covey in a research report on Thursday, April 10th.

Franklin Covey Price Performance

NYSE FC traded up $0.86 during trading hours on Tuesday, hitting $23.73. The company had a trading volume of 52,473 shares, compared to its average volume of 92,120. Franklin Covey Co. has a 52 week low of $18.94 and a 52 week high of $44.46. The firm has a 50 day simple moving average of $22.54 and a 200 day simple moving average of $30.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. The firm has a market capitalization of $308.21 million, a price-to-earnings ratio of 16.14, a PEG ratio of 1.74 and a beta of 0.83.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. The firm had revenue of $59.61 million for the quarter, compared to analysts' expectations of $62.24 million. Equities research analysts expect that Franklin Covey Co. will post 0.97 earnings per share for the current year.

Franklin Covey Company Profile

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.