Franklin Covey Co. (NYSE:FC) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Franklin Covey Co. (NYSE:FC) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,674 shares of the business services provider’s stock after purchasing an additional 2,811 shares during the period. Sei Investments Co. owned 0.43% of Franklin Covey worth $2,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Franklin Covey by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after purchasing an additional 24,062 shares during the period. Bares Capital Management Inc. boosted its position in Franklin Covey by 0.8% in the 1st quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider’s stock valued at $18,125,000 after buying an additional 3,570 shares during the last quarter. Acadian Asset Management LLC boosted its position 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 buying an additional 25,876 shares during the last quarter. Wasatch Advisors LP purchased a new position in Franklin Covey in the 1st quarter valued at about $6,862,000. Finally, Silvercrest Asset Management Group LLC boosted its position in Franklin Covey by 4.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 140,838 shares of the business services provider’s stock valued at $5,529,000 after buying an additional 6,207 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Franklin Covey Stock Performance

Shares of Franklin Covey stock opened at $40.77 on Friday. The firm has a market cap of $533.78 million, a PE ratio of 30.42, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24. The firm’s 50-day simple moving average is $40.06 and its 200-day simple moving average is $38.88. 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 Co. has a 1 year low of $32.19 and a 1 year high of $44.96.

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.