Rice Hall James & Associates LLC Buys 2,691 Shares of Franklin Covey Co. (NYSE:FC)

Rice Hall James & Associates LLC lifted its stake in shares of Franklin Covey Co. (NYSE:FC) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 335,711 shares of the business services provider’s stock after purchasing an additional 2,691 shares during the quarter. Rice Hall James & Associates LLC owned 2.40% of Franklin Covey worth $11,414,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pembroke Management LTD boosted its position in shares of Franklin Covey by 4.2% during the second quarter. Pembroke Management LTD now owns 881,276 shares of the business services provider’s stock valued at $29,963,000 after buying an additional 35,773 shares during the period. Cortina Asset Management LLC bought a new stake in shares of Franklin Covey during the second quarter valued at approximately $3,454,000. FMR LLC raised its stake in shares of Franklin Covey by 32.1% during the first quarter. FMR LLC now owns 298,560 shares of the business services provider’s stock valued at $7,554,000 after acquiring an additional 72,626 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Franklin Covey by 305.4% during the first quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 5,475 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of Franklin Covey by 1.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 365,135 shares of the business services provider’s stock valued at $9,238,000 after acquiring an additional 4,974 shares in the last quarter. Institutional investors own 45.55% of the company’s stock.

FC has been the subject of several research analyst reports. Barrington Research lifted their price target on shares of Franklin Covey from $34.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, June 28th. ValuEngine raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 3rd. B. Riley lifted their price target on shares of Franklin Covey from $35.00 to $42.50 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Roth Capital lifted their price target on shares of Franklin Covey from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.88.

NYSE:FC traded up $0.46 during trading hours on Thursday, reaching $36.91. The company’s stock had a trading volume of 9,781 shares, compared to its average volume of 35,376. The stock has a market cap of $519.98 million, a P/E ratio of -70.98 and a beta of 0.84. Franklin Covey Co. has a 12 month low of $20.52 and a 12 month high of $38.40. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $35.42.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Thursday, June 27th. The business services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $56.01 million during the quarter, compared to the consensus estimate of $52.95 million. Franklin Covey had a negative net margin of 2.28% and a negative return on equity of 6.68%. On average, analysts expect that Franklin Covey Co. will post -0.12 EPS for the current fiscal year.

In other news, Director Esther Kay Stepp sold 4,262 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $31.41, for a total transaction of $133,869.42. Following the transaction, the director now directly owns 57,369 shares of the company’s stock, valued at $1,801,960.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 33.60% of the company’s stock.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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

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