Teacher Retirement System of Texas Has $321,000 Stock Position in Franklin Covey Company (NYSE:FC)

Teacher Retirement System of Texas lessened its holdings in shares of Franklin Covey Company (NYSE:FC - Free Report) by 59.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,609 shares of the business services provider's stock after selling 16,756 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of Franklin Covey worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FC. Versant Capital Management Inc raised its stake in shares of Franklin Covey by 152.2% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock valued at $27,000 after acquiring an additional 589 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Franklin Covey during the fourth quarter valued at approximately $56,000. GAMMA Investing LLC raised its position in shares of Franklin Covey by 6,758.6% in the first quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock valued at $55,000 after purchasing an additional 1,960 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Franklin Covey by 509.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock valued at $81,000 after purchasing an additional 1,802 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Franklin Covey by 20,310.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,082 shares of the business services provider's stock worth $153,000 after buying an additional 4,062 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Roth Capital lowered their target price on Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, July 7th. Wall Street Zen lowered shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Finally, Barrington Research reiterated an "outperform" rating and set a $35.00 target price on shares of Franklin Covey in a research note on Thursday, July 3rd.

Franklin Covey Price Performance

Shares of NYSE FC traded down $0.67 during mid-day trading on Friday, hitting $19.32. 137,280 shares of the stock were exchanged, compared to its average volume of 99,122. The company has a market cap of $244.20 million, a P/E ratio of 24.46, a PEG ratio of 1.56 and a beta of 0.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84. Franklin Covey Company has a twelve month low of $18.94 and a twelve month high of $44.46. The stock's fifty day simple moving average is $22.46 and its two-hundred day simple moving average is $26.83.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings results 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. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. The business had revenue of $67.12 million for the quarter, compared to the consensus estimate of $67.49 million. During the same quarter in the prior year, the company earned $0.46 EPS. As a group, analysts forecast that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Franklin Covey 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.