Jacobs Levy Equity Management Inc. Takes $1.23 Million Position in Franklin Covey Company $FC

Jacobs Levy Equity Management Inc. bought a new stake in shares of Franklin Covey Company (NYSE:FC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,632 shares of the business services provider’s stock, valued at approximately $1,233,000. Jacobs Levy Equity Management Inc. owned approximately 0.34% of Franklin Covey at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Franklin Covey by 152.2% during the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 589 shares in the last quarter. GAMMA Investing LLC boosted its position in Franklin Covey by 6,758.6% during the first quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider’s stock worth $55,000 after purchasing an additional 1,960 shares in the last quarter. Amundi purchased a new position in Franklin Covey during the first quarter worth approximately $58,000. US Bancorp DE purchased a new position in Franklin Covey during the first quarter worth approximately $63,000. Finally, Man Group plc purchased a new position in Franklin Covey during the fourth quarter worth approximately $205,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Trading Up 5.4%

Shares of FC opened at $19.49 on Friday. Franklin Covey Company has a 52-week low of $18.13 and a 52-week high of $44.16. 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’s fifty day moving average is $19.68 and its two-hundred day moving average is $22.65. The stock has a market cap of $246.35 million, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $67.49 million. During the same quarter in the previous year, the company posted $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. Research analysts forecast that Franklin Covey Company will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

FC has been the topic of a number of recent analyst reports. Barrington Research lowered their price target on Franklin Covey from $35.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 19th. Roth Capital lowered their price target on Franklin Covey from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, July 7th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Franklin Covey presently has a consensus rating of “Buy” and a consensus target price of $27.00.

Franklin Covey 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.