Silvercrest Asset Management Group LLC Acquires 6,207 Shares of Franklin Covey Co. (NYSE:FC)

Silvercrest Asset Management Group LLC lifted its holdings in shares of Franklin Covey Co. (NYSE:FC) by 4.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,838 shares of the business services provider’s stock after purchasing an additional 6,207 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Franklin Covey were worth $5,529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Franklin Covey by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after purchasing an additional 24,062 shares in the last quarter. Bares Capital Management Inc. boosted its holdings in Franklin Covey by 11.0% in the fourth quarter. Bares Capital Management Inc. now owns 458,091 shares of the business services provider’s stock worth $19,941,000 after acquiring an additional 45,290 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Franklin Covey by 12.2% in the first quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock worth $9,357,000 after acquiring an additional 25,876 shares in the last quarter. Wasatch Advisors LP bought a new position in Franklin Covey in the first quarter worth approximately $6,862,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in Franklin Covey by 8.5% in the first quarter. Hillsdale Investment Management Inc. now owns 113,550 shares of the business services provider’s stock worth $4,458,000 after acquiring an additional 8,900 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Stock Up 0.2 %

Shares of FC stock traded up $0.07 during trading hours on Tuesday, reaching $42.67. The company had a trading volume of 15,205 shares, compared to its average volume of 82,542. Franklin Covey Co. has a 12 month low of $32.19 and a 12 month high of $48.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. The business has a fifty day simple moving average of $37.70 and a 200-day simple moving average of $38.85. The company has a market cap of $558.55 million, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 1.29 and a beta of 1.24.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $73.37 million during the quarter, compared to the consensus estimate of $72.12 million. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. During the same period last year, the business posted $0.32 earnings per share. On average, research analysts expect that Franklin Covey Co. will post 1.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FC shares. Roth Mkm reiterated a “buy” rating and issued a $50.00 price target on shares of Franklin Covey in a report on Thursday, June 27th. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Barrington Research restated an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a report on Thursday, June 27th.

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.