Federated Hermes Inc. Has $7.69 Million Holdings in Franklin Covey Co. (NYSE:FC)

Federated Hermes Inc. reduced its stake in shares of Franklin Covey Co. (NYSE:FC) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,627 shares of the business services provider’s stock after selling 8,510 shares during the quarter. Federated Hermes Inc. owned 1.33% of Franklin Covey worth $7,689,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC bought a new stake in Franklin Covey in the 3rd quarter valued at $33,000. SG Americas Securities LLC bought a new stake in Franklin Covey in the 3rd quarter valued at $105,000. Punch & Associates Investment Management Inc. increased its holdings in Franklin Covey by 0.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 604,426 shares of the business services provider’s stock valued at $25,942,000 after buying an additional 2,047 shares during the period. Rice Hall James & Associates LLC increased its holdings in Franklin Covey by 5.9% in the 3rd quarter. Rice Hall James & Associates LLC now owns 509,698 shares of the business services provider’s stock valued at $21,876,000 after buying an additional 28,434 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Franklin Covey by 43.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 61,156 shares of the business services provider’s stock worth $2,625,000 after purchasing an additional 18,479 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Stock Down 1.8 %

Shares of NYSE:FC opened at $39.58 on Thursday. Franklin Covey Co. has a 12 month low of $32.19 and a 12 month high of $48.76. The company’s 50-day moving average price is $38.96 and its two-hundred day moving average price is $39.59. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The firm has a market cap of $525.23 million, a P/E ratio of 32.18, a P/E/G ratio of 1.16 and a beta of 1.22.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, March 27th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Franklin Covey had a net margin of 6.13% and a return on equity of 23.23%. The firm had revenue of $61.34 million for the quarter, compared to analyst estimates of $62.03 million. As a group, research analysts forecast that Franklin Covey Co. will post 1.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FC shares. Northland Securities lowered their target price on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a report on Monday, April 8th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $66.33.

Franklin Covey Company 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.