Franklin Covey (NYSE:FC) Insider Michael Sean Merrill Covey Sells 8,000 Shares of Company Stock

Franklin Covey Company (NYSE:FC) insider Sean Covey sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $15.43, for a total value of $123,440.00. Following the completion of the sale, the insider directly owned 217,426 shares of the company’s stock, valued at $3,354,883.18. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Franklin Covey Stock Down 1.5%

NYSE FC opened at $14.87 on Friday. The company has a market cap of $167.86 million, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.60 and a beta of 0.76. Franklin Covey Company has a 52 week low of $11.16 and a 52 week high of $26.81. The business has a 50 day moving average price of $17.62 and a 200-day moving average price of $19.41.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, November 4th. The business services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Franklin Covey had a return on equity of 25.57% and a net margin of 1.88%. The company had revenue of $69.96 million for the quarter, compared to analyst estimates of $72.24 million. On average, equities research analysts anticipate that Franklin Covey Company will post 1.26 earnings per share for the current year.

Institutional Trading of Franklin Covey

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FC. BlackRock Inc. bought a new position in shares of Franklin Covey in the second quarter valued at approximately $24,191,000. Royce & Associates LP raised its position in Franklin Covey by 7.2% in the 3rd quarter. Royce & Associates LP now owns 944,629 shares of the business services provider’s stock valued at $16,153,000 after buying an additional 63,268 shares during the last quarter. Rice Hall James & Associates LLC raised its position in Franklin Covey by 6.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 510,689 shares of the business services provider’s stock valued at $8,064,000 after buying an additional 30,035 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Franklin Covey by 19.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 194,844 shares of the business services provider’s stock valued at $3,332,000 after acquiring an additional 31,826 shares in the last quarter. Finally, Aberdeen Group plc bought a new position in Franklin Covey during the 3rd quarter valued at $2,005,000. 69.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FC has been the topic of several research reports. Wall Street Zen upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a report on Sunday, August 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Franklin Covey has a consensus rating of “Hold” and a consensus price target of $27.50.

About Franklin Covey

Franklin Covey Co. is a global organizational performance and leadership company. It helps businesses, government agencies, and other organizations improve leadership, execution, productivity, trust, sales performance, and customer experience through training and consulting. The company’s offerings include workshops, coaching, consulting services, and digital learning tools. Its programs draw on FranklinCovey intellectual property, including The 7 Habits of Highly Effective People and The 4 Disciplines of Execution , and are available through its All Access Pass learning platform.