Teacher Retirement System of Texas Has $1.07 Million Holdings in Franklin Covey Co. (NYSE:FC)

Teacher Retirement System of Texas increased its position in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 383.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,365 shares of the business services provider's stock after buying an additional 22,496 shares during the period. Teacher Retirement System of Texas owned 0.21% of Franklin Covey worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in Franklin Covey in the fourth quarter valued at approximately $38,000. R Squared Ltd acquired a new position in shares of Franklin Covey during the 4th quarter worth approximately $57,000. Wiser Advisor Group LLC raised its stake in Franklin Covey by 100.2% in the 4th quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider's stock valued at $68,000 after acquiring an additional 907 shares during the period. AlphaQuest LLC acquired a new stake in Franklin Covey during the 4th quarter valued at $169,000. Finally, Intech Investment Management LLC acquired a new position in shares of Franklin Covey in the fourth quarter valued at $203,000. 69.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barrington Research restated an "outperform" rating and set a $45.00 target price on shares of Franklin Covey in a research note on Friday, March 21st. StockNews.com lowered Franklin Covey from a "strong-buy" rating to a "buy" rating in a research note on Monday, January 13th.

Franklin Covey Stock Performance

Shares of FC stock traded down $0.17 on Wednesday, hitting $27.83. The company's stock had a trading volume of 149,556 shares, compared to its average volume of 84,137. Franklin Covey Co. has a fifty-two week low of $26.90 and a fifty-two week high of $44.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. The stock's 50 day moving average is $32.76 and its 200-day moving average is $36.14. The company has a market capitalization of $367.24 million, a PE ratio of 18.93, a PEG ratio of 1.74 and a beta of 1.29.

Franklin Covey (NYSE:FC - Get Free Report) last announced its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. Equities research analysts expect 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.