Franklin Covey Company $FC Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in Franklin Covey Company (NYSE:FC) by 3,724.8% during the first quarter, Holdings Channel.com reports. The firm owned 156,127 shares of the business services provider’s stock after acquiring an additional 152,045 shares during the period. Russell Investments Group Ltd.’s holdings in Franklin Covey were worth $4,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Franklin Covey in the 1st quarter valued at $923,000. Invesco Ltd. raised its holdings in shares of Franklin Covey by 11.6% in the 1st quarter. Invesco Ltd. now owns 13,878 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 1,439 shares in the last quarter. Herald Investment Management Ltd raised its stake in Franklin Covey by 9.4% during the 1st quarter. Herald Investment Management Ltd now owns 175,000 shares of the business services provider’s stock worth $4,814,000 after acquiring an additional 15,000 shares in the last quarter. US Bancorp DE acquired a new stake in Franklin Covey during the 1st quarter worth $63,000. Finally, XTX Topco Ltd raised its stake in 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 acquiring an additional 30,920 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Franklin Covey Stock Up 3.9%

Shares of NYSE:FC opened at $19.9490 on Friday. The company has a market cap of $252.20 million, a price-to-earnings ratio of 25.25, a PEG ratio of 1.55 and a beta of 0.91. The firm’s 50-day simple moving average is $20.68 and its 200-day simple moving average is $24.24. 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 fifty-two week low of $18.32 and a fifty-two week high of $44.16.

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