State Street Corp Boosts Stock Position in Franklin Covey Co. (NYSE:FC)

State Street Corp grew its holdings in Franklin Covey Co. (NYSE:FC) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,328 shares of the business services provider’s stock after purchasing an additional 5,955 shares during the period. State Street Corp’s holdings in Franklin Covey were worth $10,502,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in Franklin Covey in the second quarter worth about $17,022,000. Harbor Capital Advisors Inc. raised its holdings in shares of Franklin Covey by 137.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after purchasing an additional 140,537 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Franklin Covey by 9.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock worth $22,586,000 after purchasing an additional 45,312 shares during the period. Millennium Management LLC boosted its stake in shares of Franklin Covey by 13.5% during the second quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock valued at $5,708,000 after purchasing an additional 17,909 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in Franklin Covey during the second quarter valued at approximately $490,000. 69.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Franklin Covey Stock Performance

FC opened at $37.12 on Friday. The company has a market cap of $489.39 million, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.21. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $37.91 and its 200-day moving average price is $38.82. Franklin Covey Co. has a 52-week low of $33.75 and a 52-week high of $44.96.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. The firm had revenue of $84.12 million for the quarter, compared to analyst estimates of $80.38 million. As a group, equities analysts anticipate that Franklin Covey Co. will post 1.36 EPS for the current fiscal year.

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.