Allspring Global Investments Holdings LLC Invests $2.19 Million in Franklin Covey Co. (NYSE:FC)

Allspring Global Investments Holdings LLC acquired a new position in Franklin Covey Co. (NYSE:FC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 58,160 shares of the business services provider’s stock, valued at approximately $2,186,000. Allspring Global Investments Holdings LLC owned 0.44% of Franklin Covey as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Franklin Covey in the fourth quarter worth about $57,000. Creative Planning purchased a new stake in shares of Franklin Covey during the third quarter worth about $301,000. Point72 Asset Management L.P. grew its position in shares of Franklin Covey by 26.2% during the third quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider’s stock worth $339,000 after purchasing an additional 1,711 shares in the last quarter. Modera Wealth Management LLC purchased a new stake in shares of Franklin Covey during the third quarter worth about $352,000. Finally, O Keefe Stevens Advisory Inc. grew its position in shares of Franklin Covey by 38.2% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 9,612 shares of the business services provider’s stock worth $361,000 after purchasing an additional 2,658 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Barrington Research reiterated 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 Performance

NYSE FC opened at $32.89 on Friday. The stock has a market capitalization of $434.03 million, a PE ratio of 22.37, a P/E/G ratio of 1.77 and a beta of 1.20. The business has a 50 day simple moving average of $35.77 and a two-hundred day simple moving average of $37.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. Franklin Covey Co. has a 1-year low of $28.99 and a 1-year high of $44.46.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. On average, research analysts predict that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

Franklin Covey Company 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.