Franklin Covey Company $FC Shares Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its stake in Franklin Covey Company by 379.5% during the 1st quarter, owning approximately 0.29% of the company, valued at $1,038,000.
• Franklin Covey reported an earnings per share (EPS) of $0.18 for the last quarter, exceeding expectations by $0.26, although revenue slightly missed estimates at $67.12 million.
• Analysts have recently lowered their price targets for Franklin Covey, with Roth Capital and Barrington Research both adjusting their targets to $27.00 while maintaining a "buy" and "outperform" rating, respectively.

Dynamic Technology Lab Private Ltd lifted its position in Franklin Covey Company (NYSE:FC - Free Report) by 379.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,600 shares of the business services provider's stock after buying an additional 29,759 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.29% of Franklin Covey worth $1,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FC. Tower Research Capital LLC TRC lifted its holdings in shares of Franklin Covey by 509.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock valued at $81,000 after purchasing an additional 1,802 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Franklin Covey by 9.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,759 shares of the business services provider's stock valued at $743,000 after purchasing an additional 1,703 shares during the last quarter. Northern Trust Corp lifted its holdings 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 purchasing an additional 11,266 shares during the last quarter. Jane Street Group LLC lifted its holdings 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 purchasing an additional 15,115 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Franklin Covey by 1.8% during the 4th quarter. EP Wealth Advisors LLC now owns 18,128 shares of the business services provider's stock valued at $681,000 after purchasing an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FC shares. Roth Capital dropped their target price on shares of Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Barrington Research dropped their target price on shares of 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, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $27.00.

Franklin Covey Stock Performance

NYSE FC traded down $0.43 during mid-day trading on Friday, reaching $19.07. 45,410 shares of the stock were exchanged, compared to its average volume of 133,363. The business's 50 day moving average is $19.68 and its 200-day moving average is $22.65. Franklin Covey Company has a 1 year low of $18.13 and a 1 year high of $44.16. The company has a market capitalization of $240.98 million, a P/E ratio of 24.13, a P/E/G ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84.

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 for the quarter, topping analysts' consensus estimates of ($0.08) by $0.26. The company had revenue of $67.12 million during the quarter, compared to analysts' expectations of $67.49 million. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. During the same period in the prior year, the business posted $0.46 earnings per share. Franklin Covey has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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.