Modera Wealth Management LLC Takes $352,000 Position in Franklin Covey Co. (NYSE:FC)

Modera Wealth Management LLC bought a new stake in Franklin Covey Co. (NYSE:FC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,566 shares of the business services provider’s stock, valued at approximately $352,000. Modera Wealth Management LLC owned about 0.07% of Franklin Covey as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Franklin Covey in the first quarter valued at about $59,000. Wasatch Advisors LP purchased a new stake in shares of Franklin Covey in the first quarter valued at about $6,862,000. BNP Paribas Financial Markets grew its holdings in shares of Franklin Covey by 59.0% in the first quarter. BNP Paribas Financial Markets now owns 15,638 shares of the business services provider’s stock valued at $614,000 after purchasing an additional 5,802 shares during the period. Sei Investments Co. grew its holdings in shares of Franklin Covey by 18.4% in the first quarter. Sei Investments Co. now owns 52,863 shares of the business services provider’s stock valued at $2,075,000 after purchasing an additional 8,234 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Franklin Covey in the first quarter valued at about $241,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FC has been the subject of several research analyst reports. StockNews.com raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a research note on Monday.

Franklin Covey Stock Up 0.5 %

Shares of FC opened at $40.16 on Wednesday. The stock has a market capitalization of $525.86 million, a PE ratio of 29.90, a P/E/G ratio of 0.95 and a beta of 1.24. Franklin Covey Co. has a 1 year low of $32.19 and a 1 year high of $44.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The company’s 50-day simple moving average is $40.19 and its 200-day simple moving average is $39.05.

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.