Franklin Covey Co. (NYSE:FC) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in Franklin Covey Co. (NYSE:FC) by 146.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,810 shares of the business services provider’s stock after acquiring an additional 7,606 shares during the quarter. BNP Paribas Financial Markets’ holdings in Franklin Covey were worth $527,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Franklin Covey during the second quarter worth about $226,000. Point72 Asset Management L.P. acquired a new stake in Franklin Covey in the 2nd quarter worth about $248,000. O Keefe Stevens Advisory Inc. boosted its holdings in Franklin Covey by 30.6% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock worth $286,000 after buying an additional 1,629 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Franklin Covey during the 3rd quarter worth approximately $290,000. Finally, Creative Planning acquired a new position in shares of Franklin Covey during the third quarter valued at approximately $301,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Price Performance

FC stock opened at $36.36 on Friday. Franklin Covey Co. has a 1 year low of $33.75 and a 1 year high of $44.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.96. The firm has a market capitalization of $479.37 million, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. The business has a 50 day simple moving average of $38.61 and a 200-day simple moving average of $38.80.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. The company had revenue of $84.12 million during the quarter, compared to analysts’ expectations of $80.38 million. Equities research analysts anticipate that Franklin Covey Co. will post 1.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FC. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a report on Thursday, November 7th.

About Franklin Covey

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.