Strs Ohio Acquires Shares of 17,500 Franklin Covey Company $FC

Key Points

• Strs Ohio acquired 17,500 shares of Franklin Covey Company, valued at approximately $483,000, representing about 0.13% of the company's total shares.
• Institutional investors hold 69.88% of Franklin Covey's stock, with several firms making significant increases in their stakes during the first quarter.
• Franklin Covey reported $0.18 EPS for the last quarter, beating estimates, with analysts predicting an FY 2025 EPS of $0.97.

Strs Ohio bought a new position in shares of Franklin Covey Company (NYSE:FC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,500 shares of the business services provider's stock, valued at approximately $483,000. Strs Ohio owned 0.13% of Franklin Covey as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Franklin Covey by 152.2% during the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock worth $27,000 after buying an additional 589 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Franklin Covey by 6,758.6% in the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock valued at $55,000 after purchasing an additional 1,960 shares during the period. Amundi acquired a new position in shares of Franklin Covey in the 1st quarter valued at approximately $58,000. US Bancorp DE bought a new stake in Franklin Covey in the 1st quarter valued at approximately $63,000. Finally, Man Group plc bought a new stake in Franklin Covey in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 69.88% of the company's stock.

Analyst Ratings Changes

FC has been the topic of a number of analyst reports. 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 lowered their price objective 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. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Franklin Covey has an average rating of "Buy" and an average target price of $27.00.

Franklin Covey Price Performance

NYSE:FC traded up $0.47 during trading hours on Monday, hitting $20.22. The company's stock had a trading volume of 73,820 shares, compared to its average volume of 133,449. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.81. The company has a market capitalization of $255.58 million, a P/E ratio of 25.60, a PEG ratio of 1.23 and a beta of 0.89. Franklin Covey Company has a twelve month low of $18.13 and a twelve month high of $44.16. The stock has a fifty day simple moving average of $19.49 and a 200-day simple moving average of $21.93.

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