Janus Henderson Group PLC Sells 12,925 Shares of Franklin Covey Co. (NYSE:FC)

Janus Henderson Group PLC reduced its position in shares of Franklin Covey Co. (NYSE:FC) by 70.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,533 shares of the business services provider’s stock after selling 12,925 shares during the period. Janus Henderson Group PLC’s holdings in Franklin Covey were worth $208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FC. JPMorgan Chase & Co. increased its position in shares of Franklin Covey by 105.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,490 shares of the business services provider’s stock valued at $473,000 after purchasing an additional 5,889 shares during the last quarter. R Squared Ltd bought a new stake in Franklin Covey in the fourth quarter worth about $57,000. Allspring Global Investments Holdings LLC purchased a new position in Franklin Covey in the fourth quarter valued at about $2,186,000. New York State Teachers Retirement System bought a new position in shares of Franklin Covey during the 4th quarter valued at approximately $38,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Franklin Covey by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 35,317 shares of the business services provider’s stock worth $1,327,000 after purchasing an additional 824 shares during the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Covey Trading Down 1.5%

NYSE:FC opened at $22.89 on Monday. Franklin Covey Co. has a 1 year low of $18.94 and a 1 year high of $44.46. The stock’s fifty day moving average price is $22.76 and its two-hundred day moving average price is $30.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. The company has a market cap of $297.31 million, a P/E ratio of 15.57, a P/E/G ratio of 1.74 and a beta of 0.83.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. The business had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. As a group, analysts expect that Franklin Covey Co. will post 0.97 EPS for the current year.

Analyst Ratings Changes

FC has been the topic of several research reports. Barrington Research restated an “outperform” rating and issued a $35.00 target price on shares of Franklin Covey in a research note on Thursday, April 10th. Wall Street Zen downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th.

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.