Russell Investments Group Ltd. Boosts Holdings in Franklin Covey Company $FC

Russell Investments Group Ltd. grew its position in Franklin Covey Company (NYSE:FC) by 3,724.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,127 shares of the business services provider’s stock after buying an additional 152,045 shares during the period. Russell Investments Group Ltd. owned 1.20% of Franklin Covey worth $4,312,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Franklin Covey by 6,758.6% in the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider’s stock valued at $55,000 after buying an additional 1,960 shares during the period. XTX Topco Ltd boosted its position in shares of Franklin Covey by 472.0% during the 1st quarter. XTX Topco Ltd now owns 37,471 shares of the business services provider’s stock worth $1,035,000 after purchasing an additional 30,920 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Franklin Covey during the 1st quarter worth approximately $368,000. Rhumbline Advisers boosted its position in shares of Franklin Covey by 6.7% during the 1st quarter. Rhumbline Advisers now owns 16,427 shares of the business services provider’s stock worth $454,000 after purchasing an additional 1,033 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Franklin Covey by 6.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,785 shares of the business services provider’s stock worth $819,000 after purchasing an additional 1,363 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FC. Roth Capital lowered their price objective on shares of Franklin Covey from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, July 7th. Barrington Research lowered their price objective on shares of Franklin Covey from $35.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $27.00.

Franklin Covey Stock Performance

Shares of FC stock opened at $19.9490 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Franklin Covey Company has a 52 week low of $18.32 and a 52 week high of $44.16. The stock has a market capitalization of $252.20 million, a PE ratio of 25.25, a P/E/G ratio of 1.55 and a beta of 0.91. The firm has a 50 day moving average of $20.68 and a two-hundred day moving average of $24.24.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.26. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. The company had revenue of $67.12 million during the quarter, compared to analysts’ expectations of $67.49 million. During the same quarter last year, the company posted $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. On average, research analysts predict that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

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.