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 on Tuesday, November 10th. The stock was sold at an average price of $15.43, for a total transaction of $123,440.00. Following the completion of the sale, the insider owned 217,426 shares in the company, valued at $3,354,883.18. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Franklin Covey Stock Performance

Shares of FC traded down $0.23 during trading hours on Thursday, reaching $14.87. 56,932 shares of the company traded hands, compared to its average volume of 117,096. The stock’s fifty day moving average is $17.69 and its 200 day moving average is $19.44. The stock has a market cap of $167.92 million, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 0.59 and a beta of 0.76. Franklin Covey Company has a 1-year low of $11.16 and a 1-year high of $26.81.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Franklin Covey

Hedge funds have recently made changes to their positions in the business. Compass Financial Management LLC acquired a new position in shares of Franklin Covey in the 2nd quarter valued at $36,000. Legal & General Group Plc acquired a new stake in shares of Franklin Covey during the 2nd quarter valued at about $25,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Franklin Covey during the 2nd quarter valued at about $80,000. Mcmorgan & Co. LLC acquired a new stake in shares of Franklin Covey during the 2nd quarter valued at about $209,000. Finally, Ieq Capital LLC bought a new stake in Franklin Covey in the second quarter valued at about $222,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

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.