Vanguard Group Inc. Sells 15,315 Shares of Franklin Covey Co. (NYSE:FC)

Vanguard Group Inc. trimmed its holdings in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 734,874 shares of the business services provider's stock after selling 15,315 shares during the quarter. Vanguard Group Inc. owned about 5.57% of Franklin Covey worth $27,617,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FC. StockNews.com cut Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. Barrington Research reaffirmed an "outperform" rating and set a $35.00 price target on shares of Franklin Covey in a report on Thursday, April 10th.

Franklin Covey Price Performance

FC stock traded up $0.18 during midday trading on Friday, reaching $20.38. 106,302 shares of the stock were exchanged, compared to its average volume of 90,354. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. The stock has a market capitalization of $264.64 million, a PE ratio of 13.86, a P/E/G ratio of 1.74 and a beta of 0.98. Franklin Covey Co. has a 52 week low of $18.94 and a 52 week high of $44.46. The company has a fifty day moving average price of $28.08 and a 200 day moving average price of $34.16.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.03. The business had revenue of $59.61 million during the quarter, compared to analyst estimates of $62.24 million. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. As a group, analysts expect that Franklin Covey Co. will post 0.97 EPS for the current fiscal year.

Franklin Covey 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.