Hsbc Holdings PLC Cuts Stock Holdings in Franklin Covey Company $FC

Hsbc Holdings PLC cut its position in shares of Franklin Covey Company (NYSE:FC - Free Report) by 47.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,711 shares of the business services provider's stock after selling 13,204 shares during the quarter. Hsbc Holdings PLC owned 0.11% of Franklin Covey worth $401,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FC. Royce & Associates LP boosted its holdings in shares of Franklin Covey by 564.6% in the 1st quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock worth $25,843,000 after acquiring an additional 794,876 shares in the last quarter. Herald Investment Management Ltd raised its position in shares of Franklin Covey by 9.4% during the 1st quarter. Herald Investment Management Ltd now owns 175,000 shares of the business services provider's stock valued at $4,814,000 after acquiring an additional 15,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Franklin Covey by 3,724.8% in the 1st quarter. Russell Investments Group Ltd. now owns 156,127 shares of the business services provider's stock valued at $4,312,000 after buying an additional 152,045 shares in the last quarter. Northern Trust Corp increased its position in shares of Franklin Covey by 10.3% in the 4th quarter. Northern Trust Corp now owns 120,665 shares of the business services provider's stock valued at $4,535,000 after buying an additional 11,266 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Franklin Covey by 1.0% in 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 buying an additional 918 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors.

Franklin Covey Price Performance

Shares of NYSE FC traded down $0.04 during trading hours on Friday, hitting $19.26. 81,461 shares of the stock were exchanged, compared to its average volume of 144,936. 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 $243.46 million, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89. The company's fifty day simple moving average is $20.02 and its two-hundred day simple moving average is $23.06. Franklin Covey Company has a 1-year low of $18.32 and a 1-year high of $44.16.

Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings results 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 net margin of 3.81% and a return on equity of 19.08%. The business had revenue of $67.12 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts predict that Franklin Covey Company will post 0.97 EPS for the current year.

Wall Street Analyst Weigh In

FC has been the subject of a number of recent analyst reports. Barrington Research lowered their price objective on shares of Franklin Covey from $35.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, August 19th. Roth Capital lowered their price objective on shares of Franklin Covey from $30.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $27.00.

About Franklin Covey

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.