Quantinno Capital Management LP Increases Stake in Franklin Covey Company $FC

Quantinno Capital Management LP raised its position in Franklin Covey Company (NYSE:FC) by 82.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 69,312 shares of the business services provider’s stock after purchasing an additional 31,395 shares during the period. Quantinno Capital Management LP’s holdings in Franklin Covey were worth $1,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Amundi acquired a new stake in shares of Franklin Covey in the first quarter valued at about $58,000. AQR Capital Management LLC boosted its position in Franklin Covey by 14.1% during the first quarter. AQR Capital Management LLC now owns 68,376 shares of the business services provider’s stock worth $1,889,000 after acquiring an additional 8,441 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Franklin Covey by 26.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider’s stock valued at $6,589,000 after acquiring an additional 50,568 shares in the last quarter. Jane Street Group LLC grew its stake in Franklin Covey by 274.3% during the 1st quarter. Jane Street Group LLC now owns 84,874 shares of the business services provider’s stock valued at $2,344,000 after acquiring an additional 62,201 shares in the last quarter. Finally, Creative Planning acquired a new stake in Franklin Covey in the 2nd quarter valued at about $217,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Barrington Research restated an “outperform” rating and issued a $30.00 price target on shares of Franklin Covey in a research report on Thursday, July 2nd. National Bank Financial raised Franklin Covey to a “hold” rating in a report on Sunday, June 28th. Roth Capital lifted their price objective on Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen raised Franklin Covey from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Franklin Covey presently has a consensus rating of “Hold” and an average target price of $27.50.

Franklin Covey Trading Up 0.1%

Shares of FC opened at $20.15 on Friday. Franklin Covey Company has a 12-month low of $11.16 and a 12-month high of $26.81. The firm has a market capitalization of $227.49 million, a P/E ratio of 118.53, a P/E/G ratio of 1.05 and a beta of 0.80. The firm has a 50-day moving average price of $22.18 and a 200 day moving average price of $20.10.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $67.81 million for the quarter, compared to the consensus estimate of $68.33 million. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. During the same period in the previous year, the firm earned ($0.11) earnings per share. Equities research analysts predict that Franklin Covey Company will post 0.96 earnings per share for the current fiscal year.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.