Rice Hall James & Associates LLC Grows Holdings in Franklin Covey Company $FC

Rice Hall James & Associates LLC grew its position in Franklin Covey Company (NYSE:FC) by 6.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 510,689 shares of the business services provider’s stock after acquiring an additional 30,035 shares during the period. Rice Hall James & Associates LLC owned about 4.53% of Franklin Covey worth $8,064,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Franklin Covey by 70.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after purchasing an additional 434,965 shares in the last quarter. Millennium Management LLC boosted its position in Franklin Covey by 886.1% during the third quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock worth $5,039,000 after purchasing an additional 233,291 shares in the last quarter. Federated Hermes Inc. boosted its position in Franklin Covey by 83.9% during the fourth quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock worth $6,316,000 after purchasing an additional 171,744 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Franklin Covey in the third quarter valued at approximately $2,275,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Franklin Covey by 122.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock valued at $3,384,000 after purchasing an additional 96,054 shares during the period. 69.88% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Trading Down 1.3%

FC stock opened at $20.60 on Friday. Franklin Covey Company has a 12-month low of $11.16 and a 12-month high of $26.81. The stock has a market cap of $232.62 million, a price-to-earnings ratio of 121.20, a PEG ratio of 1.07 and a beta of 0.80. The business’s 50-day moving average is $22.76 and its 200 day moving average is $19.93.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.The company had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million. During the same period in the previous year, the business earned ($0.11) EPS. As a group, equities analysts forecast that Franklin Covey Company will post 0.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Franklin Covey from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Franklin Covey in a research report on Thursday, July 2nd. Weiss Ratings raised shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Roth Capital boosted their price target on shares of Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, National Bank Financial upgraded shares of Franklin Covey to a “hold” rating in a research report on Sunday, June 28th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.50.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.