Jacobs Levy Equity Management Inc. Acquires Shares of 44,632 Franklin Covey Company $FC

Key Points

• Jacobs Levy Equity Management Inc. acquired a new stake in Franklin Covey Company worth approximately $1.23 million, buying 44,632 shares valued at around $1,233,000.
• Several other institutional investors also increased their positions in Franklin Covey, with Versant Capital Management raising its holdings by 152.2% in the first quarter.
• The company reported a Q2 earnings per share (EPS) of $0.18, exceeding analyst estimates significantly, while its revenue was slightly below expectations at $67.12 million.

Jacobs Levy Equity Management Inc. acquired a new position in shares of Franklin Covey Company (NYSE:FC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,632 shares of the business services provider's stock, valued at approximately $1,233,000. Jacobs Levy Equity Management Inc. owned about 0.34% of Franklin Covey at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Royce & Associates LP boosted its stake in Franklin Covey by 564.6% during 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 during the last quarter. Alliancebernstein L.P. boosted its stake in Franklin Covey by 4.4% during the 1st quarter. Alliancebernstein L.P. now owns 641,620 shares of the business services provider's stock worth $17,722,000 after acquiring an additional 27,119 shares during the last quarter. Herald Investment Management Ltd boosted its stake in 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 worth $4,814,000 after acquiring an additional 15,000 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Franklin Covey by 3,724.8% during the 1st quarter. Russell Investments Group Ltd. now owns 156,127 shares of the business services provider's stock worth $4,312,000 after acquiring an additional 152,045 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Franklin Covey by 10.3% during the 4th quarter. Northern Trust Corp now owns 120,665 shares of the business services provider's stock worth $4,535,000 after acquiring an additional 11,266 shares during the last quarter. Institutional investors own 69.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Capital cut their price target on shares of Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, July 7th. Barrington Research cut their price target on shares of Franklin Covey from $35.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $27.00.

Franklin Covey Stock Down 0.9%

FC traded down $0.17 during trading on Wednesday, reaching $19.30. 119,594 shares of the stock were exchanged, compared to its average volume of 129,649. The stock has a market cap of $243.93 million, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. Franklin Covey Company has a twelve month low of $18.13 and a twelve month high of $44.16. The stock's 50 day moving average price is $19.51 and its two-hundred day moving average price is $22.29. 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 issued its earnings results 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 business had revenue of $67.12 million for the quarter, compared to the consensus estimate 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 previous year, the company earned $0.46 earnings per share. Franklin Covey has set its FY 2025 guidance at EPS. Equities analysts expect that Franklin Covey Company will post 0.97 EPS 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.