Franklin Covey Co. (NYSE:FC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Franklin Covey Co. (NYSE:FC) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,087 shares of the business services provider’s stock after selling 254 shares during the period. Rhumbline Advisers owned about 0.12% of Franklin Covey worth $611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in FC. Wasatch Advisors LP acquired a new position in shares of Franklin Covey during the first quarter valued at approximately $6,862,000. Harbor Capital Advisors Inc. raised its stake in Franklin Covey by 225.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 102,416 shares of the business services provider’s stock valued at $3,892,000 after purchasing an additional 70,992 shares during the last quarter. Bares Capital Management Inc. lifted its holdings in Franklin Covey by 11.0% in the 4th quarter. Bares Capital Management Inc. now owns 458,091 shares of the business services provider’s stock valued at $19,941,000 after purchasing an additional 45,290 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Franklin Covey by 12.2% during the 1st quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock worth $9,357,000 after purchasing an additional 25,876 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Franklin Covey by 3.5% during the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after buying an additional 24,062 shares in the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on FC shares. Roth Mkm reiterated a “buy” rating and issued a $50.00 target price on shares of Franklin Covey in a report on Thursday, June 27th. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a report on Thursday, June 27th.

Franklin Covey Stock Up 0.6 %

NYSE:FC opened at $41.49 on Wednesday. The business’s fifty day moving average price is $40.16 and its 200 day moving average price is $38.78. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. Franklin Covey Co. has a 1-year low of $32.19 and a 1-year high of $44.96. The firm has a market capitalization of $543.27 million, a price-to-earnings ratio of 30.96, a PEG ratio of 0.91 and a beta of 1.24.

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, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $73.37 million for the quarter, compared to the consensus estimate of $72.12 million. Franklin Covey had a net margin of 6.50% and a return on equity of 24.90%. During the same quarter in the previous year, the company earned $0.32 earnings per share. On average, sell-side analysts forecast that Franklin Covey Co. will post 1.66 earnings per share 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.