Charles Schwab Investment Management Inc. Has $3.48 Million Stake in Franklin Covey Co. (NYSE:FC)

Charles Schwab Investment Management Inc. raised its position in Franklin Covey Co. (NYSE:FC) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,692 shares of the business services provider’s stock after buying an additional 539 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.70% of Franklin Covey worth $3,483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of Franklin Covey by 146.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock worth $527,000 after buying an additional 7,606 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Franklin Covey by 5.5% in the third quarter. Janus Henderson Group PLC now owns 18,458 shares of the business services provider’s stock worth $759,000 after acquiring an additional 964 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Franklin Covey by 26.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 1,711 shares in the last quarter. State Street Corp grew its holdings in shares of Franklin Covey by 2.4% during the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after purchasing an additional 5,955 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in Franklin Covey by 9.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 17,809 shares of the business services provider’s stock worth $732,000 after purchasing an additional 1,541 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Trading Down 1.9 %

Shares of NYSE FC opened at $28.09 on Friday. The stock has a market cap of $370.61 million, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. Franklin Covey Co. has a 52-week low of $27.80 and a 52-week high of $44.46. The firm has a 50 day moving average price of $33.21 and a two-hundred day moving average price of $36.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97.

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

Analysts Set New Price Targets

A number of research firms have weighed in on FC. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a research note on Friday, March 21st. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

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.