Rice Hall James & Associates LLC Increases Holdings in Franklin Covey Co. (NYSE:FC)

Rice Hall James & Associates LLC boosted its position in shares of Franklin Covey Co. (NYSE:FC) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 549,145 shares of the business services provider’s stock after purchasing an additional 45,312 shares during the quarter. Franklin Covey comprises about 1.2% of Rice Hall James & Associates LLC’s portfolio, making the stock its 23rd biggest position. Rice Hall James & Associates LLC’s holdings in Franklin Covey were worth $22,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Franklin Covey by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after acquiring an additional 24,062 shares during the period. Bares Capital Management Inc. raised its stake in shares of Franklin Covey by 0.8% during the 1st quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider’s stock worth $18,125,000 after acquiring an additional 3,570 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Franklin Covey during the 2nd quarter valued at about $17,022,000. Acadian Asset Management LLC lifted its holdings in shares of Franklin Covey by 12.2% during the first quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock worth $9,357,000 after purchasing an additional 25,876 shares during the period. Finally, Millennium Management LLC lifted its stake in Franklin Covey by 13.5% during the 2nd quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock valued at $5,708,000 after acquiring an additional 17,909 shares during the period. 69.88% of the stock is owned by institutional investors.

Franklin Covey Price Performance

Shares of Franklin Covey stock opened at $39.86 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. The business has a 50 day simple moving average of $40.25 and a two-hundred day simple moving average of $39.07. The stock has a market capitalization of $521.77 million, a P/E ratio of 29.75, a PEG ratio of 0.95 and a beta of 1.24. Franklin Covey Co. has a 12 month low of $32.19 and a 12 month high of $44.96.

Analysts Set New Price Targets

FC has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a report on Monday. StockNews.com raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 26th.

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.