Lazard Asset Management LLC Acquires 36,867 Shares of Franklin Covey Co. (NYSE:FC)

Lazard Asset Management LLC raised its holdings in shares of Franklin Covey Co. (NYSE:FC) by 156.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,459 shares of the business services provider’s stock after purchasing an additional 36,867 shares during the period. Lazard Asset Management LLC’s holdings in Franklin Covey were worth $2,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FC. Royce & Associates LP raised its position in Franklin Covey by 885.5% during the 4th quarter. Royce & Associates LP now owns 140,793 shares of the business services provider’s stock valued at $5,291,000 after purchasing an additional 126,506 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Franklin Covey in the 4th quarter worth approximately $2,186,000. Teacher Retirement System of Texas raised its position in shares of Franklin Covey by 383.3% in the 4th quarter. Teacher Retirement System of Texas now owns 28,365 shares of the business services provider’s stock worth $1,066,000 after acquiring an additional 22,496 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Franklin Covey by 180.3% in the 4th quarter. JPMorgan Chase & Co. now owns 32,206 shares of the business services provider’s stock worth $1,210,000 after acquiring an additional 20,716 shares in the last quarter. Finally, Mcmorgan & Co. LLC raised its position in shares of Franklin Covey by 21.7% in the 4th quarter. Mcmorgan & Co. LLC now owns 106,115 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 18,927 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th. Barrington Research restated an “outperform” rating and issued a $35.00 price target on shares of Franklin Covey in a research note on Thursday, April 10th.

Franklin Covey Stock Performance

Shares of FC opened at $23.60 on Friday. The business’s fifty day simple moving average is $23.43 and its two-hundred day simple moving average is $31.51. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. Franklin Covey Co. has a 12 month low of $18.94 and a 12 month high of $44.46. The company has a market cap of $306.52 million, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.74 and a beta of 0.83.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. The business had revenue of $59.61 million for the quarter, compared to the consensus estimate of $62.24 million. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. Research analysts anticipate that Franklin Covey Co. will post 0.97 earnings per share 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.