Rice Hall James & Associates LLC grew its holdings in Franklin Covey Company (NYSE:FC – Free Report) by 6.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 510,689 shares of the business services provider’s stock after buying an additional 30,035 shares during the period. Rice Hall James & Associates LLC’s holdings in Franklin Covey were worth $8,064,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Quantinno Capital Management LP boosted its position in Franklin Covey by 167.4% during the second quarter. Quantinno Capital Management LP now owns 19,922 shares of the business services provider’s stock worth $455,000 after acquiring an additional 12,473 shares during the last quarter. PharVision Advisers LLC acquired a new stake in Franklin Covey in the 3rd quarter valued at about $411,000. Invesco Ltd. lifted its stake in Franklin Covey by 10.5% in the 4th quarter. Invesco Ltd. now owns 21,553 shares of the business services provider’s stock worth $362,000 after purchasing an additional 2,055 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Franklin Covey by 8.1% in the 4th quarter. State of Wisconsin Investment Board now owns 21,350 shares of the business services provider’s stock worth $358,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Numerai GP LLC lifted its stake in Franklin Covey by 15.9% in the 3rd quarter. Numerai GP LLC now owns 15,703 shares of the business services provider’s stock worth $305,000 after purchasing an additional 2,151 shares in the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on FC. National Bank Financial upgraded Franklin Covey to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings upgraded Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Roth Capital boosted their price objective on Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Wall Street Zen raised Franklin Covey from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of Franklin Covey in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Franklin Covey currently has an average rating of “Hold” and a consensus price target of $27.50.
Franklin Covey Stock Performance
FC stock opened at $20.60 on Friday. Franklin Covey Company has a one year low of $11.16 and a one year high of $26.81. The firm has a market cap of $232.62 million, a PE ratio of 121.20, a PEG ratio of 1.07 and a beta of 0.80. The firm’s 50 day moving average price is $22.76 and its 200-day moving average price is $19.93.
Franklin Covey (NYSE:FC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.During the same period in the prior year, the business posted ($0.11) earnings per share. Equities research analysts predict that Franklin Covey Company will post 0.96 EPS for the current fiscal year.
About Franklin Covey
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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