Renaissance Technologies LLC Has $1.36 Million Holdings in Franklin Covey Company $FC

Renaissance Technologies LLC decreased its holdings in Franklin Covey Company (NYSE:FC) by 26.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,303 shares of the business services provider’s stock after selling 30,900 shares during the quarter. Renaissance Technologies LLC owned 0.77% of Franklin Covey worth $1,363,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. State of Wisconsin Investment Board raised its stake in shares of Franklin Covey by 8.1% in the fourth quarter. State of Wisconsin Investment Board now owns 21,350 shares of the business services provider’s stock worth $358,000 after purchasing an additional 1,600 shares during the last quarter. Numerai GP LLC lifted its holdings in shares of Franklin Covey by 15.9% in the third quarter. Numerai GP LLC now owns 15,703 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 2,151 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Franklin Covey during the third quarter valued at approximately $290,000. EP Wealth Advisors LLC purchased a new position in shares of Franklin Covey during the fourth quarter valued at approximately $274,000. Finally, Hsbc Holdings PLC bought a new stake in Franklin Covey during the fourth quarter worth $209,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

Franklin Covey Stock Down 2.9%

FC stock opened at $20.07 on Friday. The firm has a market cap of $226.59 million, a PE ratio of 118.06, a P/E/G ratio of 1.08 and a beta of 0.80. The business has a 50 day moving average of $22.26 and a 200-day moving average of $20.10. Franklin Covey Company has a 12-month low of $11.16 and a 12-month high of $26.81.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.37% and a net margin of 0.83%.During the same period last year, the company posted ($0.11) earnings per share. On average, research analysts expect that Franklin Covey Company will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on FC. Wall Street Zen raised Franklin Covey from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. National Bank Financial upgraded shares of Franklin Covey to a “hold” rating in a research note on Sunday, June 28th. Roth Capital upped their target price on shares of Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Finally, Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Franklin Covey in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.50.

About Franklin Covey

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.