Royce & Associates LP Has $25.84 Million Stock Position in Franklin Covey Company (NYSE:FC)

Royce & Associates LP grew its stake in Franklin Covey Company (NYSE:FC - Free Report) by 564.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 935,669 shares of the business services provider's stock after acquiring an additional 794,876 shares during the quarter. Royce & Associates LP owned 7.20% of Franklin Covey worth $25,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in Franklin Covey by 152.2% during the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock worth $27,000 after purchasing an additional 589 shares in the last quarter. GAMMA Investing LLC increased its stake in Franklin Covey by 6,758.6% during the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock worth $55,000 after purchasing an additional 1,960 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Franklin Covey during the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC increased its stake in Franklin Covey by 509.0% during the 4th 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 in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Franklin Covey by 20,310.0% during the 4th quarter. Russell Investments Group Ltd. now owns 4,082 shares of the business services provider's stock worth $153,000 after purchasing an additional 4,062 shares in the last quarter. 69.88% of the stock is owned by institutional investors.

Franklin Covey Stock Down 0.5%

Shares of NYSE FC traded down $0.11 during trading hours on Monday, hitting $20.25. The company had a trading volume of 82,928 shares, compared to its average volume of 132,728. The stock has a market capitalization of $255.96 million, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 1.64 and a beta of 0.86. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Franklin Covey Company has a 1-year low of $18.94 and a 1-year high of $44.46. The firm's 50 day moving average is $22.16 and its 200-day moving average is $26.22.

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 (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $67.49 million. During the same quarter last year, the firm posted $0.46 EPS. On average, analysts expect that Franklin Covey Company will post 0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FC. Barrington Research reaffirmed an "outperform" rating and set a $35.00 price target on shares of Franklin Covey in a research note on Thursday, July 3rd. Roth Capital decreased their price target on shares of Franklin Covey from $30.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, July 7th. Finally, Wall Street Zen cut shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th.

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.