BlackRock Inc. Purchases New Stake in Franklin Covey Company $FC

BlackRock Inc. acquired a new position in shares of Franklin Covey Company (NYSE:FC) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 986,190 shares of the business services provider’s stock, valued at approximately $24,191,000. BlackRock Inc. owned about 0.09% of Franklin Covey at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FC. Wiser Advisor Group LLC acquired a new stake in Franklin Covey in the third quarter valued at $35,000. BNP Paribas Financial Markets grew its stake in shares of Franklin Covey by 98.9% during the 3rd 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 period. Amundi purchased a new position in shares of Franklin Covey in the 1st quarter valued at about $58,000. Quarry LP purchased a new position in shares of Franklin Covey in the 3rd quarter valued at about $74,000. Finally, Aquatic Capital Management LLC lifted its stake in shares of Franklin Covey by 37.7% in the third quarter. Aquatic Capital Management LLC now owns 6,766 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 1,851 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Analysts Set New Price Targets

FC has been the topic of a number of research analyst reports. Barrington Research reissued an “outperform” rating and set a $30.00 price objective on shares of Franklin Covey in a report on Thursday, July 2nd. Weiss Ratings raised shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Roth Capital lifted their price target on shares of Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. National Bank Financial raised Franklin Covey to a “hold” rating in a research note on Sunday, June 28th. Finally, Wall Street Zen raised Franklin Covey from a “hold” rating to a “buy” rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Franklin Covey has an average rating of “Hold” and an average price target of $27.50.

Franklin Covey Stock Down 3.6%

Shares of FC stock opened at $18.80 on Thursday. Franklin Covey Company has a fifty-two week low of $11.16 and a fifty-two week high of $26.81. The stock has a market cap of $212.25 million, a P/E ratio of 110.59, a P/E/G ratio of 0.98 and a beta of 0.76. The business has a fifty day simple moving average of $21.17 and a 200-day simple moving average of $20.12.

Franklin Covey (NYSE:FC) 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. The business had revenue of $67.81 million for the quarter, compared to analyst estimates of $68.33 million. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. During the same period in the previous year, the firm earned ($0.11) EPS. On average, sell-side analysts anticipate that Franklin Covey Company will post 0.96 earnings per share for the current year.

Franklin Covey Company 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.