American Century Companies Inc. Increases Stock Holdings in Franklin Covey Co. (NYSE:FC)

American Century Companies Inc. grew its stake in Franklin Covey Co. (NYSE:FC) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,781 shares of the business services provider’s stock after acquiring an additional 2,253 shares during the quarter. American Century Companies Inc. owned about 0.17% of Franklin Covey worth $828,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Franklin Covey by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after buying an additional 24,062 shares during the period. Acadian Asset Management LLC lifted its holdings in Franklin Covey by 12.2% in the 1st quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock valued at $9,357,000 after acquiring an additional 25,876 shares during the last quarter. Wasatch Advisors LP bought a new position in shares of Franklin Covey in the first quarter valued at $6,862,000. State Board of Administration of Florida Retirement System acquired a new stake in Franklin Covey during the 1st quarter worth about $241,000. Finally, Hsbc Holdings PLC boosted its stake in Franklin Covey by 92.9% in the 4th quarter. Hsbc Holdings PLC now owns 27,444 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 13,220 shares during the period. Institutional investors and hedge funds own 69.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FC shares. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Barrington Research restated an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, June 27th. Finally, Roth Mkm restated a “buy” rating and issued a $50.00 price objective on shares of Franklin Covey in a report on Thursday, June 27th.

Franklin Covey Price Performance

Franklin Covey stock opened at $40.73 on Wednesday. The stock has a fifty day moving average of $40.13 and a 200-day moving average of $38.83. The stock has a market capitalization of $533.32 million, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24. Franklin Covey Co. has a 52 week low of $32.19 and a 52 week high of $44.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88.

Franklin Covey Company Profile

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.