Renaissance Technologies LLC Sells 30,900 Shares of Franklin Covey Company $FC

Renaissance Technologies LLC decreased its position in Franklin Covey Company (NYSE:FC) by 26.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 86,303 shares of the business services provider’s stock after selling 30,900 shares during the period. Renaissance Technologies LLC’s holdings in Franklin Covey were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in shares of Franklin Covey in the third quarter valued at $35,000. State of Alaska Department of Revenue purchased a new position in shares of Franklin Covey during the 4th quarter valued at $31,000. Amundi bought a new position in shares of Franklin Covey during the 1st quarter worth $58,000. 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 acquiring an additional 1,112 shares during the period. Finally, Quarry LP purchased a new stake in Franklin Covey in the 3rd quarter worth about $74,000. 69.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FC. Wall Street Zen raised shares of Franklin Covey from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Roth Capital lifted 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. National Bank Financial raised shares of Franklin Covey to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings upgraded shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Finally, Barrington Research reissued an “outperform” rating and set a $30.00 target price on shares of Franklin Covey in a 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.50.

Franklin Covey Stock Performance

Shares of FC opened at $20.07 on Friday. Franklin Covey Company has a 52-week low of $11.16 and a 52-week high of $26.81. The stock’s 50-day simple moving average is $22.26 and its 200 day simple moving average is $20.10. The stock has a market capitalization of $226.59 million, a price-to-earnings ratio of 118.06, a price-to-earnings-growth ratio of 1.08 and a beta of 0.80.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.The business had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, research analysts forecast that Franklin Covey Company will post 0.96 earnings per share for the current fiscal 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.