Franklin Covey Company (NYSE:FC – Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.84 and traded as high as $23.70. Franklin Covey shares last traded at $23.53, with a volume of 61,139 shares trading hands.
Wall Street Analyst Weigh In
FC has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Franklin Covey in a research note on Friday, April 10th. Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Franklin Covey in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.00.
Read Our Latest Research Report on FC
Franklin Covey Stock Performance
Franklin Covey (NYSE:FC – Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. The company had revenue of $59.65 million for the quarter, compared to the consensus estimate of $58.71 million. As a group, equities analysts forecast that Franklin Covey Company will post 0.8 EPS for the current fiscal year.
Institutional Trading of Franklin Covey
A number of hedge funds and other institutional investors have recently made changes to their positions in FC. Alliancebernstein L.P. raised its stake in shares of Franklin Covey by 70.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after purchasing an additional 434,965 shares during the period. Millennium Management LLC raised its stake in shares of Franklin Covey by 886.1% during the 3rd quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after purchasing an additional 233,291 shares during the period. Federated Hermes Inc. raised its stake in shares of Franklin Covey by 83.9% during the 4th quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock valued at $6,316,000 after purchasing an additional 171,744 shares during the period. Bridgeway Capital Management LLC bought a new stake in shares of Franklin Covey during the 3rd quarter valued at $2,275,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Franklin Covey by 122.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock valued at $3,384,000 after purchasing an additional 96,054 shares during the period. 69.88% of the stock is currently owned by institutional investors.
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.
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