495,654 Shares in Franklin Covey Company $FC Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC purchased a new stake in shares of Franklin Covey Company (NYSE:FC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 495,654 shares of the business services provider’s stock, valued at approximately $12,158,000.

Several other institutional investors have also added to or reduced their stakes in FC. First Trust Advisors LP boosted its position in Franklin Covey by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 35,639 shares of the business services provider’s stock valued at $813,000 after buying an additional 843 shares during the period. BNP Paribas Financial Markets increased its position in shares of Franklin Covey by 98.9% in the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 1,112 shares during the period. State of Wisconsin Investment Board raised its stake in shares of Franklin Covey by 8.1% during the fourth quarter. State of Wisconsin Investment Board now owns 21,350 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 1,600 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Franklin Covey by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 301,459 shares of the business services provider’s stock valued at $5,060,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of Franklin Covey by 0.3% during the third quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock valued at $11,477,000 after acquiring an additional 1,811 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Franklin Covey Trading Down 5.7%

Shares of NYSE FC opened at $19.09 on Tuesday. The firm has a fifty day simple moving average of $22.08 and a two-hundred day simple moving average of $20.08. Franklin Covey Company has a 12 month low of $11.16 and a 12 month high of $26.81. The firm has a market capitalization of $215.53 million, a PE ratio of 112.29, a price-to-earnings-growth ratio of 1.05 and a beta of 0.80.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. The company had revenue of $67.81 million for the quarter, compared to analysts’ expectations of $68.33 million. During the same quarter in the previous year, the company earned ($0.11) earnings per share. On average, sell-side analysts predict that Franklin Covey Company will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

FC has been the topic of several recent analyst reports. Weiss Ratings raised Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Roth Capital upped their price target on Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. National Bank Financial upgraded Franklin Covey to a “hold” rating in a report on Sunday, June 28th. Wall Street Zen upgraded Franklin Covey from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective on shares of Franklin Covey in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.50.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.