Franklin Covey Co. (NYSE:FC) Shares Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd increased its holdings in shares of Franklin Covey Co. (NYSE:FC) by 72.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,581 shares of the business services provider’s stock after acquiring an additional 6,560 shares during the period. Quadrature Capital Ltd owned approximately 0.12% of Franklin Covey worth $678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FC. SG Americas Securities LLC lifted its stake in Franklin Covey by 46.3% in the 4th quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock valued at $155,000 after buying an additional 1,128 shares in the last quarter. Barclays PLC lifted its stake in Franklin Covey by 19.7% in the 3rd quarter. Barclays PLC now owns 5,921 shares of the business services provider’s stock valued at $254,000 after buying an additional 975 shares in the last quarter. Legato Capital Management LLC lifted its stake in Franklin Covey by 8.8% in the 4th quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock valued at $263,000 after buying an additional 489 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Franklin Covey in the 4th quarter valued at about $330,000. Finally, Partners Capital Investment Group LLP purchased a new position in Franklin Covey in the 4th quarter valued at about $404,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FC. Northland Securities decreased their price target on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research note on Tuesday. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $66.33.

Franklin Covey Trading Up 0.1 %

FC opened at $33.98 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. The company’s 50 day simple moving average is $37.51 and its two-hundred day simple moving average is $39.13. Franklin Covey Co. has a 1-year low of $32.19 and a 1-year high of $48.76. The firm has a market capitalization of $450.85 million, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, March 27th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $61.34 million for the quarter, compared to analyst estimates of $62.03 million. Franklin Covey had a net margin of 6.13% and a return on equity of 23.23%. Analysts expect that Franklin Covey Co. will post 1.71 EPS for the current fiscal year.

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.