Franklin Covey Co. (NYSE:FC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Franklin Covey Co. (NYSE:FCGet Rating) by 5.0% during the third quarter, Holdings Channel reports. The firm owned 17,439 shares of the business services provider’s stock after selling 926 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Franklin Covey were worth $791,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Franklin Covey by 7.1% during the first quarter. Vanguard Group Inc. now owns 622,158 shares of the business services provider’s stock worth $28,134,000 after purchasing an additional 41,247 shares during the period. Rice Hall James & Associates LLC raised its holdings in shares of Franklin Covey by 1.0% during the second quarter. Rice Hall James & Associates LLC now owns 333,869 shares of the business services provider’s stock worth $15,418,000 after purchasing an additional 3,222 shares during the period. TownSquare Capital LLC bought a new position in shares of Franklin Covey during the second quarter worth about $10,826,000. State Street Corp grew its position in shares of Franklin Covey by 4.1% during the second quarter. State Street Corp now owns 232,011 shares of the business services provider’s stock worth $10,714,000 after acquiring an additional 9,244 shares during the last quarter. Finally, Blue Grotto Capital LLC grew its position in shares of Franklin Covey by 52.2% during the first quarter. Blue Grotto Capital LLC now owns 200,202 shares of the business services provider’s stock worth $9,053,000 after acquiring an additional 68,685 shares during the last quarter. 68.12% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Stock Performance

Shares of FC opened at $45.34 on Monday. The firm has a 50-day moving average price of $48.03 and a 200 day moving average price of $48.80. The firm has a market capitalization of $630.45 million, a PE ratio of 33.59, a P/E/G ratio of 1.30 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.15. Franklin Covey Co. has a 52-week low of $34.00 and a 52-week high of $54.70.

Franklin Covey (NYSE:FCGet Rating) last announced its earnings results on Wednesday, November 2nd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. The firm had revenue of $78.81 million during the quarter, compared to analyst estimates of $73.85 million. Franklin Covey had a net margin of 7.12% and a return on equity of 18.93%. On average, sell-side analysts anticipate that Franklin Covey Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on FC. Northland Securities began coverage on shares of Franklin Covey in a research report on Thursday, November 17th. They set an “outperform” rating for the company. StockNews.com assumed coverage on shares of Franklin Covey in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

About Franklin Covey

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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 three segments: Direct Offices, International Licensees, and Education Practice.

Further Reading

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Institutional Ownership by Quarter for Franklin Covey (NYSE:FC)

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