Franklin Covey (NYSE:FC) Insider Sells $123,440.00 in Stock

Franklin Covey Company (NYSE:FC) insider Sean Covey sold 8,000 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $15.43, for a total transaction of $123,440.00. Following the completion of the transaction, the insider directly owned 217,426 shares of the company’s stock, valued at $3,354,883.18. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Franklin Covey Price Performance

NYSE FC traded down $0.30 on Friday, hitting $14.53. 65,973 shares of the stock were exchanged, compared to its average volume of 69,465. The business’s fifty day moving average is $17.54 and its 200 day moving average is $19.39. Franklin Covey Company has a 52 week low of $11.16 and a 52 week high of $26.81. The company has a market capitalization of $164.07 million, a PE ratio of 32.29, a P/E/G ratio of 0.59 and a beta of 0.76.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, November 4th. The business services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Franklin Covey had a net margin of 1.88% and a return on equity of 25.57%. The firm had revenue of $69.96 million during the quarter, compared to analysts’ expectations of $72.24 million. Analysts predict that Franklin Covey Company will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FC has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Franklin Covey from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in Franklin Covey by 139.1% during the third quarter. Empowered Funds LLC now owns 23,022 shares of the business services provider’s stock worth $394,000 after purchasing an additional 13,395 shares during the period. Royce & Associates LP increased its holdings in shares of Franklin Covey by 7.2% in the third quarter. Royce & Associates LP now owns 944,629 shares of the business services provider’s stock valued at $16,153,000 after purchasing an additional 63,268 shares during the last quarter. Aberdeen Group plc acquired a new position in shares of Franklin Covey in the third quarter valued at $2,005,000. Russell Investments Group Ltd. raised its position in shares of Franklin Covey by 19.5% in the third quarter. Russell Investments Group Ltd. now owns 194,844 shares of the business services provider’s stock valued at $3,332,000 after purchasing an additional 31,826 shares during the period. Finally, R Squared Ltd bought a new position in shares of Franklin Covey in the third quarter valued at about $199,000. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Company Profile

Franklin Covey Co. is a global organizational performance and leadership company. It helps businesses, government agencies, and other organizations improve leadership, execution, productivity, trust, sales performance, and customer experience through training and consulting. The company’s offerings include workshops, coaching, consulting services, and digital learning tools. Its programs draw on FranklinCovey intellectual property, including The 7 Habits of Highly Effective People and The 4 Disciplines of Execution , and are available through its All Access Pass learning platform.