Vanguard Group Inc. Trims Holdings in Franklin Covey Co. (NYSE:FC)

Vanguard Group Inc. trimmed its stake in shares of Franklin Covey Co. (NYSE:FC - Free Report) by 4.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 664,636 shares of the business services provider's stock after selling 29,131 shares during the quarter. Vanguard Group Inc. owned about 5.00% of Franklin Covey worth $28,526,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC lifted its position in shares of Franklin Covey by 120.4% during the 3rd quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider's stock valued at $609,000 after acquiring an additional 7,770 shares during the period. Worth Venture Partners LLC lifted its position in shares of Franklin Covey by 8.7% during the 3rd quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider's stock worth $2,068,000 after buying an additional 3,855 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Franklin Covey by 54.7% during the 3rd quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider's stock worth $387,000 after buying an additional 3,189 shares during the last quarter. Millrace Asset Group Inc. bought a new stake in shares of Franklin Covey during the 3rd quarter worth $1,023,000. Finally, Trexquant Investment LP lifted its position in shares of Franklin Covey by 81.1% during the 3rd quarter. Trexquant Investment LP now owns 18,964 shares of the business services provider's stock worth $814,000 after buying an additional 8,490 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Roth Mkm dropped their price objective on Franklin Covey from $61.00 to $59.00 and set a "buy" rating for the company in a research report on Tuesday, December 19th. StockNews.com cut Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Friday, April 5th. Northland Securities lowered their target price on Franklin Covey from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, March 28th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Franklin Covey in a report on Monday, April 8th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $66.33.

Franklin Covey Trading Down 2.4 %

Shares of FC stock traded down $0.97 on Friday, hitting $38.94. The company had a trading volume of 109,547 shares, compared to its average volume of 113,427. The firm has a market cap of $516.73 million, a P/E ratio of 31.66, a P/E/G ratio of 1.16 and a beta of 1.22. The stock's 50-day moving average is $39.05 and its two-hundred day moving average is $39.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.88. Franklin Covey Co. has a twelve month low of $32.19 and a twelve month high of $48.76.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.