Royce & Associates LP Raises Stake in Franklin Covey Company (NYSE:FC)

Royce & Associates LP increased its holdings in Franklin Covey Company (NYSE:FC - Free Report) by 564.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 7.20% of Franklin Covey worth $25,843,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC lifted its holdings in Franklin Covey by 1.8% in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Franklin Covey by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,692 shares of the business services provider's stock worth $3,483,000 after purchasing an additional 539 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Franklin Covey by 152.2% in the first 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 period. Point72 Asset Management L.P. increased its holdings in shares of Franklin Covey by 7.4% in 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 purchasing an additional 608 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Franklin Covey by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 95,542 shares of the business services provider's stock worth $3,590,000 after acquiring an additional 918 shares during the period. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Stock Performance

Shares of Franklin Covey stock traded down $0.31 during trading on Thursday, reaching $20.52. The company's stock had a trading volume of 12,942 shares, compared to its average volume of 132,417. Franklin Covey Company has a one year low of $18.94 and a one year high of $44.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84. The firm has a market cap of $259.31 million, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.86. The business's fifty day moving average price is $22.29 and its 200-day moving average price is $26.55.

Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.26. The firm had revenue of $67.12 million for the quarter, compared to the consensus estimate of $67.49 million. Franklin Covey had a return on equity of 19.08% and a net margin of 3.81%. During the same quarter in the prior year, the business earned $0.46 EPS. As a group, equities research analysts predict that Franklin Covey Company will post 0.97 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Roth Capital reduced their target price on Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Wall Street Zen lowered Franklin Covey from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. Finally, Barrington Research reiterated an "outperform" rating and issued a $35.00 target price on shares of Franklin Covey in a research note 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.

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