Rice Hall James & Associates LLC Sells 15,221 Shares of Franklin Covey Co. (NYSE:FC)

Rice Hall James & Associates LLC lowered its holdings in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 533,924 shares of the business services provider's stock after selling 15,221 shares during the period. Franklin Covey comprises about 1.1% of Rice Hall James & Associates LLC's portfolio, making the stock its 25th biggest holding. Rice Hall James & Associates LLC owned about 4.04% of Franklin Covey worth $20,065,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FC. New York State Teachers Retirement System acquired a new position in shares of Franklin Covey during the 4th quarter worth $38,000. R Squared Ltd acquired a new position in shares of Franklin Covey during the 4th quarter worth $57,000. SG Americas Securities LLC acquired a new position in shares of Franklin Covey during the 3rd quarter worth $290,000. Creative Planning acquired a new position in shares of Franklin Covey during the 3rd quarter worth $301,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Franklin Covey by 26.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider's stock worth $339,000 after buying an additional 1,711 shares in the last quarter. Institutional investors and hedge funds own 69.88% of the company's stock.

Analyst Upgrades and Downgrades

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 Monday, January 13th. Barrington Research restated an "outperform" rating and set a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Price Performance

FC stock traded down $0.96 during midday trading on Friday, reaching $32.89. 134,516 shares of the stock were exchanged, compared to its average volume of 133,736. The stock has a market capitalization of $434.03 million, a PE ratio of 22.37, a P/E/G ratio of 1.77 and a beta of 1.20. Franklin Covey Co. has a 52 week low of $28.99 and a 52 week high of $44.46. 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 company has a fifty day moving average price of $35.77 and a 200 day moving average price of $37.97.

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

About Franklin Covey

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.