Franklin Covey Co. (NYSE:FC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Franklin Covey Co. (NYSE:FC) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 301,054 shares of the business services provider’s stock after purchasing an additional 5,872 shares during the period. Geode Capital Management LLC owned 2.28% of Franklin Covey worth $11,316,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FC. Barclays PLC raised its holdings in shares of Franklin Covey by 178.9% in the third quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after buying an additional 21,489 shares during the last quarter. State Street Corp increased its position in Franklin Covey by 2.4% in the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after acquiring an additional 5,955 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Franklin Covey during the 4th quarter valued at approximately $2,186,000. EntryPoint Capital LLC acquired a new stake in Franklin Covey during the 4th quarter worth approximately $229,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Franklin Covey by 105.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,490 shares of the business services provider’s stock valued at $473,000 after purchasing an additional 5,889 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Stock Performance

Shares of FC stock opened at $19.97 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $27.44 and a 200-day simple moving average of $33.87. The company has a market cap of $259.31 million, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. Franklin Covey Co. has a 12-month low of $18.94 and a 12-month high of $44.46.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $62.24 million. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. On average, equities analysts forecast that Franklin Covey Co. will post 0.97 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FC shares. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th. Barrington Research restated an “outperform” rating and issued a $35.00 target price on shares of Franklin Covey in a research note on Thursday, April 10th.

Franklin Covey 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.