Wells Fargo & Company MN Acquires 4,087 Shares of Franklin Covey Co. (FC)

Wells Fargo & Company MN grew its holdings in Franklin Covey Co. (NYSE:FC) by 59.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,011 shares of the business services provider’s stock after acquiring an additional 4,087 shares during the period. Wells Fargo & Company MN’s holdings in Franklin Covey were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FC. The Manufacturers Life Insurance Company grew its position in Franklin Covey by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after acquiring an additional 740 shares in the last quarter. California Public Employees Retirement System grew its position in Franklin Covey by 30.8% in the second quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock worth $262,000 after acquiring an additional 3,200 shares in the last quarter. Teachers Advisors LLC grew its position in Franklin Covey by 13.0% in the second quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock worth $370,000 after acquiring an additional 2,211 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Franklin Covey by 18.1% in the second quarter. New York State Common Retirement Fund now owns 21,181 shares of the business services provider’s stock worth $409,000 after buying an additional 3,250 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Franklin Covey by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,208 shares of the business services provider’s stock worth $931,000 after buying an additional 342 shares during the last quarter. 49.42% of the stock is owned by institutional investors.

Shares of Franklin Covey Co. (NYSE FC) opened at $27.00 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 1.14. Franklin Covey Co. has a one year low of $15.20 and a one year high of $31.20.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Thursday, January 4th. The business services provider reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.16. Franklin Covey had a negative net margin of 2.90% and a negative return on equity of 3.79%. The business had revenue of $47.90 million during the quarter, compared to analysts’ expectations of $43.47 million. During the same period in the previous year, the company earned ($0.29) earnings per share. Franklin Covey’s revenue for the quarter was up 20.4% on a year-over-year basis. sell-side analysts forecast that Franklin Covey Co. will post -0.24 EPS for the current fiscal year.

A number of brokerages have recently weighed in on FC. Barrington Research upgraded shares of Franklin Covey from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Franklin Covey from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, B. Riley restated a “buy” rating and issued a $22.00 price objective on shares of Franklin Covey in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Franklin Covey currently has an average rating of “Hold” and a consensus target price of $21.00.

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About Franklin Covey

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

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Institutional Ownership by Quarter for Franklin Covey (NYSE:FC)

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