Punch & Associates Investment Management Inc. Sells 93,029 Shares of Franklin Covey Company $FC

Key Points

• Punch & Associates Investment Management Inc. sold 93,029 shares of Franklin Covey Company, reducing its stake by 13.7%, leaving it with approximately 586,071 shares, valued at $16.2 million.
• Franklin Covey's quarterly earnings exceeded analysts' expectations, reporting $0.18 EPS versus a consensus estimate of ($0.08).
• Recent analyst reports indicate a consensus target price for Franklin Covey shares at $27.00, with two analysts rating the stock as a "Buy."

Punch & Associates Investment Management Inc. trimmed its position in Franklin Covey Company (NYSE:FC - Free Report) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 586,071 shares of the business services provider's stock after selling 93,029 shares during the quarter. Franklin Covey makes up approximately 1.1% of Punch & Associates Investment Management Inc.'s portfolio, making the stock its 24th biggest holding. Punch & Associates Investment Management Inc. owned approximately 4.51% of Franklin Covey worth $16,187,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC boosted its stake in Franklin Covey by 1.8% during the fourth quarter. EP Wealth Advisors LLC now owns 18,128 shares of the business services provider's stock valued at $681,000 after buying an additional 319 shares during the period. Versant Capital Management Inc raised its holdings in shares of 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 acquiring an additional 589 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Franklin Covey by 7.4% during the 4th quarter. Point72 Asset Management L.P. now owns 8,841 shares of the business services provider's stock valued at $332,000 after acquiring an additional 608 shares during the last quarter. State of Wyoming grew its holdings in shares of Franklin Covey by 12.7% during the first quarter. State of Wyoming now owns 6,443 shares of the business services provider's stock worth $178,000 after purchasing an additional 726 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Franklin Covey by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 95,542 shares of the business services provider's stock worth $3,590,000 after purchasing an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 69.88% of the company's stock.

Franklin Covey Price Performance

Shares of Franklin Covey stock opened at $19.26 on Friday. 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 one year low of $18.32 and a one year high of $44.16. The business's 50 day simple moving average is $20.02 and its two-hundred day simple moving average is $23.06. The stock has a market capitalization of $243.46 million, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89.

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

Wall Street Analysts Forecast Growth

FC has been the subject of several research reports. Roth Capital cut their target price 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. Barrington Research cut their price objective on Franklin Covey from $35.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.

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