Mcmorgan & Co. LLC Increases Stock Position in Franklin Covey Co. (NYSE:FC)

Mcmorgan & Co. LLC grew its holdings in Franklin Covey Co. (NYSE:FC - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,115 shares of the business services provider's stock after purchasing an additional 18,927 shares during the quarter. Franklin Covey accounts for about 0.6% of Mcmorgan & Co. LLC's holdings, making the stock its 23rd biggest holding. Mcmorgan & Co. LLC owned about 0.80% of Franklin Covey worth $3,988,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Franklin Covey by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider's stock valued at $11,316,000 after buying an additional 5,872 shares during the period. State Street Corp lifted its stake in Franklin Covey by 2.4% in the third quarter. State Street Corp now owns 255,328 shares of the business services provider's stock worth $10,502,000 after acquiring an additional 5,955 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Franklin Covey by 3.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider's stock worth $9,442,000 after acquiring an additional 8,310 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Franklin Covey by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider's stock valued at $5,521,000 after purchasing an additional 9,900 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Franklin Covey by 885.5% in the 4th quarter. Royce & Associates LP now owns 140,793 shares of the business services provider's stock valued at $5,291,000 after purchasing an additional 126,506 shares in the last quarter. Institutional investors and hedge funds own 69.88% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barrington Research reaffirmed an "outperform" rating and set a $35.00 price objective on shares of Franklin Covey in a research report on Thursday, April 10th. StockNews.com downgraded shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th.

Franklin Covey Stock Performance

NYSE FC traded up $0.01 on Friday, reaching $20.75. The stock had a trading volume of 31,354 shares, compared to its average volume of 90,097. 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 stock has a market cap of $269.44 million, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The business's 50-day moving average price is $26.87 and its 200 day moving average price is $33.64. Franklin Covey Co. has a 12-month low of $18.94 and a 12-month high of $44.46.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. The company had revenue of $59.61 million for the quarter, compared to the consensus estimate of $62.24 million. As a group, equities 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.