Teacher Retirement System of Texas Reduces Holdings in Franklin Covey Company (NYSE:FC)

Teacher Retirement System of Texas decreased its position in Franklin Covey Company (NYSE:FC) by 59.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,609 shares of the business services provider’s stock after selling 16,756 shares during the period. Teacher Retirement System of Texas owned 0.09% of Franklin Covey worth $321,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of Franklin Covey by 152.2% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider’s stock valued at $27,000 after buying an additional 589 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Franklin Covey during the 4th quarter worth approximately $56,000. GAMMA Investing LLC boosted its position in shares of Franklin Covey by 6,758.6% during the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider’s stock worth $55,000 after purchasing an additional 1,960 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Franklin Covey by 509.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider’s stock worth $81,000 after purchasing an additional 1,802 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Franklin Covey by 20,310.0% during the 4th quarter. Russell Investments Group Ltd. now owns 4,082 shares of the business services provider’s stock worth $153,000 after purchasing an additional 4,062 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Franklin Covey in a research report on Thursday, July 3rd. Roth Capital reduced their target price on shares of Franklin Covey from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, July 7th. Finally, Wall Street Zen lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th.

Franklin Covey Price Performance

Shares of FC opened at $19.32 on Friday. Franklin Covey Company has a twelve month low of $18.94 and a twelve month high of $44.46. The firm’s fifty day simple moving average is $22.46 and its 200-day simple moving average is $26.90. The firm has a market capitalization of $244.20 million, a price-to-earnings ratio of 24.46, a PEG ratio of 1.61 and a beta of 0.86. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.26. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. The business had revenue of $67.12 million for the quarter, compared to analyst estimates of $67.49 million. During the same period last year, the business earned $0.46 EPS. Equities analysts forecast that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

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.