Goldman Sachs Group Inc. Boosts Holdings in Franklin Covey Company $FC

Key Points

• Goldman Sachs Group Inc. increased its holdings in Franklin Covey Company by 26.9% in the first quarter, now owning 238,547 shares valued at approximately $6.59 million.
• Several institutional investors, including Versant Capital Management and Point72 Asset Management, have also significantly boosted their stakes in Franklin Covey, indicating strong interest in the company.
• Analysts have recently lowered their price targets for Franklin Covey, with Roth Capital and Barrington Research both setting targets at $27.00, maintaining a "buy" and "outperform" rating, respectively.

Goldman Sachs Group Inc. boosted its position in Franklin Covey Company (NYSE:FC - Free Report) by 26.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,547 shares of the business services provider's stock after buying an additional 50,568 shares during the period. Goldman Sachs Group Inc. owned approximately 1.84% of Franklin Covey worth $6,589,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FC shares. Barrington Research reduced 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 reduced 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 data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $27.00.

Franklin Covey Price Performance

Shares of NYSE:FC traded down $0.09 during midday trading on Friday, hitting $19.86. 34,660 shares of the stock were exchanged, compared to its average volume of 131,913. The stock has a market cap of $251.07 million, a P/E ratio of 25.14, a PEG ratio of 1.21 and a beta of 0.89. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. Franklin Covey Company has a twelve month low of $18.13 and a twelve month high of $44.16. The company has a 50 day moving average price of $19.49 and a 200-day moving average price of $22.22.

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

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.