52,045 Shares in Franklin Covey Company $FC Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG acquired 52,045 Franklin Covey shares worth approximately $1.28 million, representing 0.46% of the company. Institutional investors collectively own 69.88% of Franklin Covey.
• Franklin Covey reported quarterly EPS of $0.27, beating estimates of $0.24, while revenue of $67.81 million fell slightly short of expectations. Analysts forecast full-year EPS of $0.96.
• The stock opened at $20.39, compared with an average analyst price target of $27.50. Analyst sentiment is mixed, with two Buy ratings, one Hold, and one Sell.

Deutsche Bank AG acquired a new stake in Franklin Covey Company (NYSE:FC - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 52,045 shares of the business services provider's stock, valued at approximately $1,277,000. Deutsche Bank AG owned 0.46% of Franklin Covey as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC purchased a new position in shares of Franklin Covey in the second quarter valued at $12,158,000. Bank of New York Mellon Corp purchased a new stake in Franklin Covey during the 2nd quarter worth about $820,000. Quantinno Capital Management LP boosted its stake in Franklin Covey by 82.8% in the 1st quarter. Quantinno Capital Management LP now owns 69,312 shares of the business services provider's stock worth $1,094,000 after purchasing an additional 31,395 shares during the period. Sei Investments Co. bought a new position in Franklin Covey in the 1st quarter worth about $185,000. Finally, CWC Advisors LLC. purchased a new position in Franklin Covey during the 1st quarter valued at about $263,000. Institutional investors own 69.88% of the company's stock.

Franklin Covey Stock Performance

Shares of Franklin Covey stock opened at $20.39 on Friday. Franklin Covey Company has a 52-week low of $11.16 and a 52-week high of $26.81. The company has a fifty day moving average of $21.41 and a 200-day moving average of $20.10. The stock has a market capitalization of $230.20 million, a price-to-earnings ratio of 119.94, a price-to-earnings-growth ratio of 1.06 and a beta of 0.80.

Franklin Covey (NYSE:FC - Get Free Report) last released its earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The company had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.During the same quarter in the previous year, the company posted ($0.11) EPS. On average, equities research analysts forecast that Franklin Covey Company will post 0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. National Bank Financial upgraded Franklin Covey to a "hold" rating in a research report on Sunday, June 28th. Wall Street Zen upgraded Franklin Covey from a "hold" rating to a "buy" rating in a research report on Sunday. Roth Capital upped their target price on Franklin Covey from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded Franklin Covey from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, July 8th. Finally, Barrington Research reissued an "outperform" rating and set a $30.00 price objective on shares of Franklin Covey in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.50.

About Franklin Covey

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.

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