Hsbc Holdings PLC Lowers Position in Franklin Covey Company $FC

Hsbc Holdings PLC decreased its holdings in 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 and Exchange Commission. The fund 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 reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FC. Royce & Associates LP boosted its holdings in shares of Franklin Covey by 564.6% in the first quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock worth $25,843,000 after buying an additional 794,876 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Franklin Covey by 3,724.8% in the first quarter. Russell Investments Group Ltd. now owns 156,127 shares of the business services provider's stock worth $4,312,000 after buying an additional 152,045 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Franklin Covey by 156.3% in the fourth quarter. Lazard Asset Management LLC now owns 60,459 shares of the business services provider's stock worth $2,272,000 after buying an additional 36,867 shares during the last quarter. Nuveen LLC purchased a new position in shares of Franklin Covey in the first quarter worth approximately $923,000. Finally, XTX Topco Ltd boosted its holdings in shares of Franklin Covey by 472.0% in the first quarter. XTX Topco Ltd now owns 37,471 shares of the business services provider's stock worth $1,035,000 after buying an additional 30,920 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company's stock.

Franklin Covey Price Performance

Shares of NYSE:FC traded down $0.04 during trading on Friday, hitting $19.26. 81,461 shares of the company's stock were exchanged, compared to its average volume of 145,053. 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 52-week low of $18.32 and a 52-week high of $44.16. The business's 50-day simple moving average is $20.02 and its 200 day simple moving average is $22.90. The company has a market cap of $243.46 million, a price-to-earnings ratio of 24.38, a PEG ratio of 1.21 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FC. Barrington Research lowered their price target on shares of Franklin Covey from $35.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday, August 19th. Roth Capital lowered their price target on shares of Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $27.00.

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.