Barclays PLC Grows Stake in Franklin Covey Co. (NYSE:FC)

Barclays PLC raised its stake in shares of Franklin Covey Co. (NYSE:FC) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,892 shares of the business services provider’s stock after purchasing an additional 1,393 shares during the period. Barclays PLC owned 0.26% of Franklin Covey worth $1,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Franklin Covey during the 4th quarter valued at approximately $2,186,000. Renaissance Technologies LLC boosted its stake in shares of Franklin Covey by 7.2% during the fourth quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider’s stock valued at $5,521,000 after purchasing an additional 9,900 shares during the period. EntryPoint Capital LLC bought a new position in Franklin Covey in the fourth quarter worth approximately $229,000. Geode Capital Management LLC lifted its stake in Franklin Covey by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider’s stock worth $11,316,000 after acquiring an additional 5,872 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Franklin Covey by 105.1% during the third 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 in the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Trading Up 2.9 %

Shares of FC stock opened at $21.19 on Friday. The company has a market cap of $275.22 million, a price-to-earnings ratio of 14.41, a PEG ratio of 1.74 and a beta of 0.98. The stock has a 50 day simple moving average of $25.33 and a 200-day simple moving average of $32.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. Franklin Covey Co. has a 1-year low of $18.94 and a 1-year high of $44.46.

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

Wall Street Analyst Weigh In

FC has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Franklin Covey in a research report on Thursday, April 10th. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 11th.

Franklin Covey Company 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.