Rice Hall James & Associates LLC Makes New $12.16 Million Investment in Franklin Covey Company $FC

Key Points

• Rice Hall James & Associates bought 495,654 Franklin Covey shares worth approximately $12.16 million, giving it a 4.39% stake. Institutional investors collectively own 69.88% of the company.
• Franklin Covey’s stock was down 5.7% at $19.09, despite quarterly EPS of $0.27 beating expectations of $0.24; revenue of $67.81 million fell slightly short of estimates.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $27.50 price target. Two analysts rate the stock a Buy, while others have issued Hold or Sell ratings.

Rice Hall James & Associates LLC purchased a new position in Franklin Covey Company (NYSE:FC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 495,654 shares of the business services provider's stock, valued at approximately $12,158,000. Rice Hall James & Associates LLC owned about 4.39% of Franklin Covey at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Wiser Advisor Group LLC purchased a new position in Franklin Covey in the third quarter worth $35,000. State of Alaska Department of Revenue purchased a new stake in Franklin Covey during the fourth quarter valued at about $31,000. Amundi bought a new stake in Franklin Covey during the first quarter worth about $58,000. BNP Paribas Financial Markets lifted its stake in Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider's stock worth $43,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Franklin Covey in the 3rd quarter worth about $74,000. 69.88% of the stock is owned by institutional investors.

Franklin Covey Stock Down 5.7%

NYSE FC opened at $19.09 on Tuesday. The company has a 50-day simple moving average of $22.08 and a two-hundred day simple moving average of $20.08. Franklin Covey Company has a 12-month low of $11.16 and a 12-month high of $26.81. The firm has a market cap of $215.53 million, a price-to-earnings ratio of 112.29, a PEG ratio of 1.05 and a beta of 0.80.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.The firm had revenue of $67.81 million for the quarter, compared to the consensus estimate of $68.33 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Equities analysts expect that Franklin Covey Company will post 0.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barrington Research reiterated an "outperform" rating and set a $30.00 price objective on shares of Franklin Covey in a research report on Thursday, July 2nd. Wall Street Zen upgraded Franklin Covey from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. Roth Capital upped their target price on Franklin Covey from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. National Bank Financial upgraded shares of Franklin Covey to a "hold" rating in a research report on Sunday, June 28th. Finally, Weiss Ratings raised shares of Franklin Covey from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.50.

Franklin Covey Profile

Franklin Covey Co NYSE: FC is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.

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