Quantinno Capital Management LP Increases Stock Position in Franklin Covey Company $FC

Quantinno Capital Management LP boosted its position in shares of Franklin Covey Company (NYSE:FC) by 82.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,312 shares of the business services provider’s stock after buying an additional 31,395 shares during the quarter. Quantinno Capital Management LP owned approximately 0.62% of Franklin Covey worth $1,094,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FC. State of Alaska Department of Revenue purchased a new stake in shares of Franklin Covey during the 4th quarter worth about $31,000. Wiser Advisor Group LLC purchased a new position in shares of Franklin Covey in the 3rd quarter valued at about $35,000. BNP Paribas Financial Markets increased its stake in shares of Franklin Covey by 98.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 1,112 shares in the last quarter. Amundi acquired a new position in Franklin Covey in the 1st quarter worth about $58,000. Finally, Quarry LP acquired a new position in Franklin Covey in the 3rd quarter worth about $74,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Franklin Covey Stock Up 0.1%

FC opened at $20.15 on Friday. Franklin Covey Company has a twelve month low of $11.16 and a twelve month high of $26.81. The company has a 50-day moving average price of $22.18 and a 200 day moving average price of $20.10. The company has a market cap of $227.49 million, a PE ratio of 118.53, a price-to-earnings-growth ratio of 1.05 and a beta of 0.80.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. The firm had revenue of $67.81 million for the quarter, compared to analyst estimates of $68.33 million. During the same period last year, the company posted ($0.11) EPS. As a group, sell-side analysts expect that Franklin Covey Company will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on FC. National Bank Financial raised Franklin Covey to a “hold” rating in a report on Sunday, June 28th. Wall Street Zen raised Franklin Covey from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings raised Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Franklin Covey in a research report on Thursday, July 2nd. Finally, Roth Capital lifted their price target on shares of Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Franklin Covey has a consensus rating of “Hold” and an average target price of $27.50.

Franklin Covey Profile

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.