Hsbc Holdings PLC Has $401,000 Position in Franklin Covey Company $FC

Hsbc Holdings PLC reduced its stake in shares of Franklin Covey Company (NYSE:FC) by 47.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,711 shares of the business services provider’s stock after selling 13,204 shares during the quarter. Hsbc Holdings PLC owned approximately 0.11% of Franklin Covey worth $401,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. EP Wealth Advisors LLC boosted its holdings in shares of Franklin Covey by 1.8% during the fourth quarter. EP Wealth Advisors LLC now owns 18,128 shares of the business services provider’s stock worth $681,000 after purchasing an additional 319 shares during the period. Versant Capital Management Inc lifted its stake in Franklin Covey by 152.2% in the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 589 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Franklin Covey by 7.4% in the fourth quarter. Point72 Asset Management L.P. now owns 8,841 shares of the business services provider’s stock valued at $332,000 after acquiring an additional 608 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Franklin Covey by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 95,542 shares of the business services provider’s stock valued at $3,590,000 after acquiring an additional 918 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Franklin Covey by 6.7% in the first quarter. Rhumbline Advisers now owns 16,427 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 1,033 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FC. Roth Capital reduced their target price on shares of Franklin Covey from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, July 7th. Barrington Research reduced their target price on shares of Franklin Covey from $35.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $27.00.

Franklin Covey Trading Up 0.3%

NYSE:FC opened at $19.62 on Wednesday. Franklin Covey Company has a 12 month low of $18.32 and a 12 month high of $44.16. The firm has a market cap of $248.00 million, a price-to-earnings ratio of 24.84, a P/E/G ratio of 1.22 and a beta of 0.89. 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 company’s 50 day moving average is $20.26 and its 200-day moving average is $23.30.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $67.49 million. During the same quarter last year, the firm posted $0.46 earnings per share. Franklin Covey has set its FY 2025 guidance at EPS. Equities analysts anticipate that Franklin Covey Company will post 0.97 EPS for the current year.

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.