KLP Kapitalforvaltning AS Makes New $308,000 Investment in Franklin Covey Co. (NYSE:FC)

KLP Kapitalforvaltning AS bought a new stake in Franklin Covey Co. (NYSE:FC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 8,200 shares of the business services provider’s stock, valued at approximately $308,000.

Several other large investors have also modified their holdings of FC. BNP Paribas Financial Markets increased its holdings in Franklin Covey by 146.2% in the third quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock valued at $527,000 after buying an additional 7,606 shares in the last quarter. Janus Henderson Group PLC increased its stake in Franklin Covey by 5.5% in the 3rd quarter. Janus Henderson Group PLC now owns 18,458 shares of the business services provider’s stock valued at $759,000 after purchasing an additional 964 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Franklin Covey by 26.2% during the third quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider’s stock worth $339,000 after purchasing an additional 1,711 shares during the last quarter. State Street Corp boosted its position in Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock worth $10,502,000 after purchasing an additional 5,955 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in Franklin Covey by 9.5% in the third quarter. EP Wealth Advisors LLC now owns 17,809 shares of the business services provider’s stock valued at $732,000 after purchasing an additional 1,541 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Franklin Covey Trading Up 0.8 %

NYSE FC opened at $20.67 on Monday. The firm has a market capitalization of $272.71 million, a price-to-earnings ratio of 14.06, a PEG ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. Franklin Covey Co. has a one year low of $19.54 and a one year high of $44.46. The company’s 50 day moving average price is $32.18 and its 200 day moving average price is $35.83.

Franklin Covey (NYSE:FC) 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 the consensus estimate of ($0.11) by $0.03. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. The company had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. On average, sell-side analysts predict that Franklin Covey Co. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FC shares. StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Barrington Research reduced their price target on shares of Franklin Covey from $45.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday.

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.