28,427 Shares in Franklin Covey Company $FC Purchased by Globeflex Capital L P

Globeflex Capital L P purchased a new stake in Franklin Covey Company (NYSE:FC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,427 shares of the business services provider’s stock, valued at approximately $697,000. Globeflex Capital L P owned about 0.25% of Franklin Covey as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Franklin Covey during the 4th quarter worth approximately $31,000. Wiser Advisor Group LLC purchased a new position in shares of Franklin Covey during the 3rd quarter valued at approximately $35,000. Compass Financial Management LLC purchased a new position in shares of Franklin Covey during the 2nd quarter valued at approximately $36,000. BNP Paribas Financial Markets grew its position in shares of Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after buying an additional 1,112 shares in the last quarter. Finally, Amundi acquired a new stake in shares of Franklin Covey during the first quarter worth approximately $58,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

Franklin Covey Stock Down 0.9%

FC opened at $20.40 on Wednesday. The company’s 50-day moving average price is $21.62 and its 200 day moving average price is $20.08. Franklin Covey Company has a fifty-two week low of $11.16 and a fifty-two week high of $26.81. The firm has a market cap of $230.34 million, a price-to-earnings ratio of 120.01, a price-to-earnings-growth ratio of 1.07 and a beta of 0.80.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $67.81 million during the quarter, compared to the consensus estimate of $68.33 million. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.During the same period in the previous year, the firm posted ($0.11) earnings per share. Research analysts anticipate that Franklin Covey Company will post 0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FC has been the subject of a number of research analyst reports. Roth Capital lifted their price target on shares of Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Wall Street Zen lowered shares of Franklin Covey from a “buy” rating to a “hold” rating in a report on Saturday. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Franklin Covey in a research report on Thursday, July 2nd. Weiss Ratings upgraded shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Finally, National Bank Financial upgraded shares of Franklin Covey to a “hold” rating in a research note on Sunday, June 28th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.50.

Franklin Covey Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.