Modera Wealth Management LLC cut its position in Franklin Covey Co. (NYSE:FC) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,405 shares of the business services provider’s stock after selling 3,626 shares during the quarter. Modera Wealth Management LLC owned 0.18% of Franklin Covey worth $506,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in shares of Franklin Covey by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock valued at $172,000 after buying an additional 740 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Franklin Covey by 59.0% in the third quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 4,087 shares during the period. California Public Employees Retirement System boosted its holdings in Franklin Covey by 30.8% in the second quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 3,200 shares during the period. Teachers Advisors LLC boosted its holdings in Franklin Covey by 13.0% in the second quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 2,211 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Franklin Covey by 18.1% in the second quarter. New York State Common Retirement Fund now owns 21,181 shares of the business services provider’s stock valued at $409,000 after purchasing an additional 3,250 shares during the period. 49.02% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on FC. Zacks Investment Research upgraded Franklin Covey from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Barrington Research upgraded Franklin Covey from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Finally, B. Riley reiterated a “buy” rating and issued a $21.00 target price on shares of Franklin Covey in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $21.00.
Shares of Franklin Covey Co. (NYSE FC) traded down $0.05 during midday trading on Wednesday, reaching $26.15. The company’s stock had a trading volume of 1,708 shares, compared to its average volume of 106,647. The stock has a market cap of $361.70, a P/E ratio of -63.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.14 and a quick ratio of 1.09. Franklin Covey Co. has a 12 month low of $15.20 and a 12 month high of $31.20.
Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Thursday, January 4th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.16. The company had revenue of $47.90 million during the quarter, compared to the consensus estimate of $43.47 million. Franklin Covey had a negative return on equity of 3.79% and a negative net margin of 2.90%. Franklin Covey’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.29) EPS. equities analysts anticipate that Franklin Covey Co. will post -0.24 earnings per share for the current year.
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Franklin Covey Company Profile
Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.
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