Franklin Covey Co. (NYSE:FC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of Franklin Covey Co. (NYSE:FC) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 452,972 shares of the business services provider’s stock after selling 16,231 shares during the period. Dimensional Fund Advisors LP’s holdings in Franklin Covey were worth $17,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Franklin Covey by 3.5% during the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after purchasing an additional 24,062 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Franklin Covey by 12.2% during the 1st quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock worth $9,357,000 after buying an additional 25,876 shares in the last quarter. Wasatch Advisors LP acquired a new stake in shares of Franklin Covey in the 1st quarter worth approximately $6,862,000. Cornercap Investment Counsel Inc. bought a new position in shares of Franklin Covey in the second quarter valued at approximately $490,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Franklin Covey during the first quarter valued at approximately $241,000. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Trading Up 0.6 %

Franklin Covey stock opened at $40.77 on Friday. Franklin Covey Co. has a 1 year low of $32.19 and a 1 year high of $44.96. The firm’s 50 day moving average price is $40.06 and its two-hundred day moving average price is $38.88. The firm has a market cap of $533.78 million, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88.

Analyst Upgrades and Downgrades

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

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.