28,427 Shares in Franklin Covey Company $FC Purchased by Globeflex Capital L P

Globeflex Capital L P acquired a new stake in Franklin Covey Company (NYSE:FC) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 28,427 shares of the business services provider’s stock, valued at approximately $697,000.

Several other hedge funds have also recently bought and sold shares of FC. State of Alaska Department of Revenue acquired a new position in Franklin Covey during the 4th quarter valued at about $31,000. Wiser Advisor Group LLC acquired a new stake in shares of Franklin Covey in the third quarter valued at approximately $35,000. Compass Financial Management LLC acquired a new stake in shares of Franklin Covey in the second quarter valued at approximately $36,000. BNP Paribas Financial Markets raised its holdings in shares of Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after buying an additional 1,112 shares during the last quarter. Finally, Amundi bought a new stake in shares of Franklin Covey during the first quarter valued at approximately $58,000. 69.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Franklin Covey Trading Down 0.9%

Shares of NYSE FC opened at $20.40 on Wednesday. Franklin Covey Company has a twelve month low of $11.16 and a twelve month high of $26.81. The company has a market capitalization of $230.34 million, a price-to-earnings ratio of 120.01, a PEG ratio of 1.07 and a beta of 0.80. The firm has a 50-day moving average of $21.62 and a two-hundred day moving average of $20.08.

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

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.