Mcmorgan & Co. LLC Raises Stock Holdings in Franklin Covey Co. (NYSE:FC)

Mcmorgan & Co. LLC grew its stake in shares of Franklin Covey Co. (NYSE:FC) by 8.1% during the second quarter, Holdings Channel reports. The institutional investor owned 87,188 shares of the business services provider’s stock after buying an additional 6,560 shares during the period. Franklin Covey comprises 0.5% of Mcmorgan & Co. LLC’s holdings, making the stock its 29th biggest position. Mcmorgan & Co. LLC’s holdings in Franklin Covey were worth $3,313,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Trexquant Investment LP increased its stake in Franklin Covey by 49.6% in the 4th quarter. Trexquant Investment LP now owns 28,375 shares of the business services provider’s stock worth $1,235,000 after buying an additional 9,411 shares in the last quarter. Hsbc Holdings PLC raised its stake in Franklin Covey by 92.9% during the 4th quarter. Hsbc Holdings PLC now owns 27,444 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 13,220 shares during the period. Partners Capital Investment Group LLP bought a new position in shares of Franklin Covey during the fourth quarter worth $404,000. Bares Capital Management Inc. raised its holdings in shares of Franklin Covey by 11.0% during the 4th quarter. Bares Capital Management Inc. now owns 458,091 shares of the business services provider’s stock worth $19,941,000 after acquiring an additional 45,290 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Franklin Covey by 153.6% during the 4th quarter. EP Wealth Advisors LLC now owns 16,071 shares of the business services provider’s stock valued at $700,000 after acquiring an additional 9,734 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FC shares. Roth Mkm restated a “buy” rating and issued a $50.00 price target on shares of Franklin Covey in a research report on Thursday, June 27th. Barrington Research reiterated an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a research report on Thursday, June 27th. Finally, StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th.

Franklin Covey Price Performance

Franklin Covey stock opened at $40.65 on Thursday. Franklin Covey Co. has a 12-month low of $32.19 and a 12-month high of $44.96. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $40.14 and a 200-day moving average price of $38.80. The firm has a market capitalization of $532.11 million, a PE ratio of 30.34, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. Franklin Covey had a net margin of 6.50% and a return on equity of 24.90%. The business had revenue of $73.37 million during the quarter, compared to the consensus estimate of $72.12 million. During the same quarter last year, the firm earned $0.32 earnings per share. As a group, equities research analysts forecast that Franklin Covey Co. will post 1.66 EPS for the current year.

About Franklin Covey

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.