Janus Henderson Group PLC Trims Holdings in Franklin Covey Co. (NYSE:FC)

Janus Henderson Group PLC cut its stake in Franklin Covey Co. (NYSE:FC - Free Report) by 70.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,533 shares of the business services provider's stock after selling 12,925 shares during the quarter. Janus Henderson Group PLC's holdings in Franklin Covey were worth $208,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Franklin Covey by 105.1% in the third quarter. JPMorgan Chase & Co. now owns 11,490 shares of the business services provider's stock valued at $473,000 after buying an additional 5,889 shares in the last quarter. R Squared Ltd purchased a new stake in Franklin Covey in the 4th quarter worth $57,000. Allspring Global Investments Holdings LLC acquired a new position in Franklin Covey during the fourth quarter worth $2,186,000. New York State Teachers Retirement System purchased a new position in Franklin Covey during the fourth quarter valued at $38,000. Finally, Bank of New York Mellon Corp grew its position in shares of Franklin Covey by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 35,317 shares of the business services provider's stock valued at $1,327,000 after purchasing an additional 824 shares during the period. Hedge funds and other institutional investors own 69.88% of the company's stock.

Franklin Covey Stock Down 0.5%

NYSE FC traded down $0.13 during trading hours on Friday, hitting $23.57. 7,072 shares of the company were exchanged, compared to its average volume of 91,769. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a market cap of $306.06 million, a price-to-earnings ratio of 15.99, a PEG ratio of 1.74 and a beta of 0.83. The company has a 50 day moving average of $22.35 and a two-hundred day moving average of $30.53. Franklin Covey Co. has a 52-week low of $18.94 and a 52-week high of $44.46.

Franklin Covey (NYSE:FC - Get Free Report) last released its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.03. The firm had revenue of $59.61 million for the quarter, compared to analyst estimates of $62.24 million. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. Equities research analysts anticipate that Franklin Covey Co. will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

FC has been the subject of several research reports. Barrington Research reiterated an "outperform" rating and set a $35.00 price objective on shares of Franklin Covey in a research note on Thursday, April 10th. Wall Street Zen cut Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th.

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.