Rice Hall James & Associates LLC Reduces Stock Holdings in Franklin Covey Co. (NYSE:FC)

Rice Hall James & Associates LLC trimmed its holdings in shares of Franklin Covey Co. (NYSE:FC) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,924 shares of the business services provider’s stock after selling 15,221 shares during the quarter. Franklin Covey accounts for about 1.1% of Rice Hall James & Associates LLC’s portfolio, making the stock its 25th largest position. Rice Hall James & Associates LLC’s holdings in Franklin Covey were worth $20,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Franklin Covey during the 4th quarter worth about $38,000. Allspring Global Investments Holdings LLC acquired a new stake in Franklin Covey during the 4th quarter worth about $2,186,000. R Squared Ltd acquired a new stake in Franklin Covey during the 4th quarter worth about $57,000. O Keefe Stevens Advisory Inc. lifted its position in Franklin Covey by 38.2% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 9,612 shares of the business services provider’s stock worth $361,000 after acquiring an additional 2,658 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Franklin Covey by 3.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock worth $9,442,000 after acquiring an additional 8,310 shares during the period. Institutional investors and hedge funds own 69.88% of the company’s stock.

Wall Street Analysts Forecast Growth

FC has been the subject of several analyst reports. Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a report on Thursday, November 7th. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

Franklin Covey Stock Performance

Shares of FC stock opened at $34.80 on Tuesday. The stock has a market cap of $459.29 million, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The business has a 50-day simple moving average of $35.93 and a 200-day simple moving average of $38.07. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. Franklin Covey Co. has a 52-week low of $28.99 and a 52-week high of $44.46.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. On average, equities analysts expect that Franklin Covey Co. will post 0.97 EPS for the current 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.