State Street Corp Acquires 5,955 Shares of Franklin Covey Co. (NYSE:FC)

State Street Corp raised its stake in Franklin Covey Co. (NYSE:FC) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 255,328 shares of the business services provider’s stock after acquiring an additional 5,955 shares during the quarter. State Street Corp owned approximately 1.94% of Franklin Covey worth $10,502,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake 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 valued at $759,000 after buying an additional 964 shares during the period. O Keefe Stevens Advisory Inc. boosted its holdings in Franklin Covey by 30.6% in the third quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 1,629 shares during the last quarter. Point72 Asset Management L.P. increased its position in Franklin Covey by 26.2% during 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 during the period. American Century Companies Inc. raised its holdings in Franklin Covey by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 21,781 shares of the business services provider’s stock worth $828,000 after purchasing an additional 2,253 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Franklin Covey by 5.3% during the second quarter. Sei Investments Co. now owns 55,674 shares of the business services provider’s stock worth $2,116,000 after buying an additional 2,811 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Stock Up 0.7 %

Shares of FC opened at $37.12 on Friday. The firm has a market cap of $489.39 million, a P/E ratio of 21.33, a P/E/G ratio of 1.36 and a beta of 1.21. Franklin Covey Co. has a 1 year low of $33.75 and a 1 year high of $44.96. The stock has a 50 day simple moving average of $37.91 and a two-hundred day simple moving average of $38.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.96.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, November 6th. The business services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. The company had revenue of $84.12 million for the quarter, compared to analyst estimates of $80.38 million. On average, analysts forecast that Franklin Covey Co. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FC has been the topic of a number of research analyst reports. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Barrington Research restated an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a report on Thursday, November 7th.

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.