Renaissance Technologies LLC cut its stake in shares of FranklinCovey (NYSE:FC) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,600 shares of the business services provider’s stock after selling 21,973 shares during the quarter. Renaissance Technologies LLC owned 0.50% of FranklinCovey worth $1,444,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in shares of FranklinCovey by 36.3% in the fourth quarter. California Public Employees Retirement System now owns 26,890 shares of the business services provider’s stock worth $558,000 after buying an additional 7,158 shares during the period. Wells Fargo & Company MN boosted its position in shares of FranklinCovey by 59.0% in the third quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock worth $223,000 after buying an additional 4,087 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of FranklinCovey by 6.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 51,359 shares of the business services provider’s stock worth $1,043,000 after buying an additional 3,151 shares during the period. Finally, BlackRock Inc. boosted its position in shares of FranklinCovey by 0.4% in the fourth quarter. BlackRock Inc. now owns 785,012 shares of the business services provider’s stock worth $16,288,000 after buying an additional 3,007 shares during the period. 49.07% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Scott Jeffery Miller sold 1,343 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $25.69, for a total transaction of $34,501.67. Following the completion of the sale, the executive vice president now directly owns 9,130 shares in the company, valued at $234,549.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 33.50% of the stock is currently owned by company insiders.
Shares of NYSE:FC opened at $26.40 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 0.49. FranklinCovey has a 1 year low of $25.65 and a 1 year high of $25.85. The firm has a market cap of $358.93 million, a P/E ratio of -69.47 and a beta of 1.16.
FranklinCovey (NYSE:FC) last announced its quarterly earnings data on Wednesday, April 4th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.19. FranklinCovey had a negative return on equity of 5.78% and a negative net margin of 2.54%. The business had revenue of $46.55 million during the quarter, compared to analyst estimates of $46.50 million. analysts anticipate that FranklinCovey will post -0.23 earnings per share for the current year.
Several analysts have recently commented on the company. Zacks Investment Research cut FranklinCovey from a “hold” rating to a “sell” rating in a research report on Friday, April 6th. Roth Capital raised their target price on FranklinCovey from $26.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 6th. B. Riley reaffirmed a “buy” rating on shares of FranklinCovey in a research report on Thursday, April 5th. Barrington Research raised their target price on FranklinCovey from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, April 5th. Finally, ValuEngine raised FranklinCovey from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.00.
Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.
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