Acadian Asset Management LLC Buys 131,872 Shares of Franklin Covey Company $FC

Key Points

• Acadian Asset Management LLC increased its holdings in Franklin Covey by 45.4%, owning 422,357 shares worth approximately $11.66 million as of the latest SEC filing.
• Several other institutional investors, including Royce & Associates LP and Russell Investments Group Ltd., also significantly increased their stakes in Franklin Covey during the first quarter.
• Wall Street analysts have set a consensus price target of $27.00 for Franklin Covey, with two analysts rating the stock as a Buy despite recent downward revisions of price targets.

Acadian Asset Management LLC grew its position in Franklin Covey Company (NYSE:FC - Free Report) by 45.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,357 shares of the business services provider's stock after acquiring an additional 131,872 shares during the quarter. Acadian Asset Management LLC owned 3.25% of Franklin Covey worth $11,660,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FC. Versant Capital Management Inc lifted its position in shares of Franklin Covey by 152.2% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock worth $27,000 after acquiring an additional 589 shares during the period. GAMMA Investing LLC raised its holdings 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 worth $55,000 after buying an additional 1,960 shares in the last quarter. Amundi acquired a new position in shares of Franklin Covey in the 1st quarter worth approximately $58,000. US Bancorp DE acquired a new position in shares of Franklin Covey in the 1st quarter worth approximately $63,000. Finally, State of Wyoming raised its holdings in shares of Franklin Covey by 12.7% in the 1st quarter. State of Wyoming now owns 6,443 shares of the business services provider's stock worth $178,000 after buying an additional 726 shares in the last quarter. Institutional investors own 69.88% of the company's stock.

Franklin Covey Trading Up 1.4%

FC stock traded up $0.27 during midday trading on Wednesday, hitting $19.74. 31,606 shares of the company's stock were exchanged, compared to its average volume of 132,078. The stock's fifty day moving average price is $19.54 and its 200-day moving average price is $22.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84. The company has a market cap of $249.46 million, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.89. Franklin Covey Company has a one year low of $18.13 and a one year high of $44.16.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share (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 for the quarter, compared to the consensus estimate of $67.49 million. During the same quarter last year, the business posted $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. Research analysts predict that Franklin Covey Company will post 0.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FC. Barrington Research dropped their target price on Franklin Covey from $35.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, August 19th. Roth Capital dropped their target price on Franklin Covey from $30.00 to $27.00 and set a "buy" rating for the company in a report on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target 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.