Wellington Management Group LLP Purchases New Position in Franklin Covey Company $FC

Wellington Management Group LLP acquired a new position in Franklin Covey Company (NYSE:FC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,700 shares of the business services provider’s stock, valued at approximately $655,000. Wellington Management Group LLP owned approximately 0.18% of Franklin Covey as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in Franklin Covey by 9.3% in the first quarter. American Century Companies Inc. now owns 29,353 shares of the business services provider’s stock worth $811,000 after purchasing an additional 2,503 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Franklin Covey by 3,724.8% in the first quarter. Russell Investments Group Ltd. now owns 156,127 shares of the business services provider’s stock worth $4,312,000 after purchasing an additional 152,045 shares in the last quarter. Nuveen LLC bought a new position in Franklin Covey in the first quarter worth approximately $923,000. Invesco Ltd. grew its stake in Franklin Covey by 11.6% in the first quarter. Invesco Ltd. now owns 13,878 shares of the business services provider’s stock worth $383,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Herald Investment Management Ltd grew its stake in Franklin Covey by 9.4% in the first quarter. Herald Investment Management Ltd now owns 175,000 shares of the business services provider’s stock worth $4,814,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Stock Down 0.7%

Franklin Covey stock opened at $19.55 on Tuesday. The business has a fifty day moving average of $20.32 and a two-hundred day moving average of $23.33. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The firm has a market cap of $247.07 million, a P/E ratio of 24.74, a P/E/G ratio of 1.58 and a beta of 0.89. Franklin Covey Company has a twelve month low of $18.32 and a twelve month high of $44.16.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FC. Roth Capital dropped their price objective on Franklin Covey from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, July 7th. Barrington Research dropped their price objective on Franklin Covey from $35.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $27.00.

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.