BNP Paribas Financial Markets Purchases 7,606 Shares of Franklin Covey Co. (NYSE:FC)

BNP Paribas Financial Markets increased its position in shares of Franklin Covey Co. (NYSE:FC) by 146.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,810 shares of the business services provider’s stock after acquiring an additional 7,606 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Franklin Covey worth $527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new position in shares of Franklin Covey in the 2nd quarter valued at $17,022,000. Harbor Capital Advisors Inc. increased its holdings in shares of Franklin Covey by 137.2% in the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after purchasing an additional 140,537 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of Franklin Covey by 9.0% in the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock worth $22,586,000 after purchasing an additional 45,312 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Franklin Covey by 13.5% during the second quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock worth $5,708,000 after purchasing an additional 17,909 shares during the period. Finally, Cornercap Investment Counsel Inc. purchased a new stake in Franklin Covey in the second quarter valued at approximately $490,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FC shares. StockNews.com raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barrington Research restated an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Stock Down 0.8 %

Shares of FC stock opened at $36.36 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. Franklin Covey Co. has a twelve month low of $33.75 and a twelve month high of $44.96. The stock has a 50 day moving average of $38.61 and a 200 day moving average of $38.80. The stock has a market cap of $479.37 million, a P/E ratio of 20.89, a P/E/G ratio of 1.36 and a beta of 1.20.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. The firm had revenue of $84.12 million during the quarter, compared to analysts’ expectations of $80.38 million. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. As a group, sell-side analysts expect that Franklin Covey Co. will post 1.36 EPS for the current 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.