174,794 Shares in Franklin Covey Co. (NYSE:FC) Purchased by Wasatch Advisors LP

Wasatch Advisors LP bought a new stake in shares of Franklin Covey Co. (NYSE:FC) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 174,794 shares of the business services provider’s stock, valued at approximately $6,862,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Franklin Covey during the first quarter worth approximately $59,000. Mather Group LLC. bought a new stake in Franklin Covey in the first quarter valued at $73,000. SG Americas Securities LLC grew its position in Franklin Covey by 46.3% in the fourth quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock valued at $155,000 after acquiring an additional 1,128 shares during the period. Legato Capital Management LLC grew its position in Franklin Covey by 8.8% in the fourth quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 489 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in Franklin Covey in the fourth quarter valued at $330,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Northland Securities cut their price target on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research note on Thursday, June 27th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $50.00 price target on shares of Franklin Covey in a research note on Thursday, June 27th.

Franklin Covey Trading Up 3.7 %

NYSE:FC traded up $1.36 during mid-day trading on Tuesday, hitting $38.24. The company had a trading volume of 94,909 shares, compared to its average volume of 85,549. Franklin Covey Co. has a fifty-two week low of $32.19 and a fifty-two week high of $48.76. The business’s fifty day moving average is $37.11 and its two-hundred day moving average is $38.94. The firm has a market cap of $507.44 million, a P/E ratio of 28.54, a P/E/G ratio of 1.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $73.37 million during the quarter, compared to the consensus estimate of $72.12 million. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. During the same period last year, the company earned $0.32 earnings per share. As a group, research analysts expect that Franklin Covey Co. will post 1.66 earnings per share for the current 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.