Alliancebernstein L.P. Grows Stock Holdings in Franklin Covey Company $FC

Key Points

• Alliancebernstein L.P. increased its holdings in Franklin Covey Company by 4.4%, now owning about 641,620 shares valued at approximately $17.72 million.
• According to brokerage reports, Franklin Covey's price target has been reduced to $27.00 by multiple analysts, while the stock maintains a "Buy" rating.
• Franklin Covey reported earnings of $0.18 per share for the latest quarter, exceeding the consensus estimate, though revenues slightly fell short of expectations.

Alliancebernstein L.P. boosted its stake in shares of Franklin Covey Company (NYSE:FC - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 641,620 shares of the business services provider's stock after purchasing an additional 27,119 shares during the period. Alliancebernstein L.P. owned approximately 4.94% of Franklin Covey worth $17,722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FC. Northern Trust Corp grew its position in shares of Franklin Covey by 10.3% during the 4th quarter. Northern Trust Corp now owns 120,665 shares of the business services provider's stock valued at $4,535,000 after acquiring an additional 11,266 shares during the period. Jane Street Group LLC grew its position in shares of Franklin Covey by 200.0% during the 4th quarter. Jane Street Group LLC now owns 22,673 shares of the business services provider's stock valued at $852,000 after acquiring an additional 15,115 shares during the period. Deutsche Bank AG grew its position in shares of Franklin Covey by 1.4% during the 4th quarter. Deutsche Bank AG now owns 87,855 shares of the business services provider's stock valued at $3,302,000 after acquiring an additional 1,174 shares during the period. Lazard Asset Management LLC grew its position in shares of Franklin Covey by 156.3% during the 4th quarter. Lazard Asset Management LLC now owns 60,459 shares of the business services provider's stock valued at $2,272,000 after acquiring an additional 36,867 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Franklin Covey by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 95,542 shares of the business services provider's stock valued at $3,590,000 after acquiring an additional 918 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Price Performance

FC stock traded down $0.48 during trading on Friday, hitting $19.02. The stock had a trading volume of 65,557 shares, compared to its average volume of 139,709. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.81. Franklin Covey Company has a twelve month low of $18.13 and a twelve month high of $44.16. The stock has a market capitalization of $240.39 million, a P/E ratio of 24.07, a PEG ratio of 1.22 and a beta of 0.89. The company's 50-day moving average price is $19.62 and its two-hundred day moving average price is $22.49.

Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 19.08% and a net margin of 3.81%.The company had revenue of $67.12 million for the quarter, compared to analysts' expectations of $67.49 million. During the same period in the previous year, the firm posted $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. As a group, research analysts predict that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FC shares. Barrington Research dropped their target price 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 dropped their target price 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus 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.