Financial Engines Inc. (NASDAQ:FNGN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Financial Engines, Inc. is an independent investment advisor that provides personalized retirement plans for saving, investing, and retirement income. Financial Engines offers both online advice and professional management to meet the needs of different investors. Its services include Professional Management, a discretionary managed account service designed for plan participants who want personalized and professional portfolio management services, investment advice, and retirement help from an independent investment advisor; Online Advice, a nondiscretionary Internet-based service that offers personalized advice to plan participants who wish to take an active role in personally managing their retirement portfolios; and Retirement Evaluation, a retirement readiness assessment provided to plan participants upon plan rollout. Financial Engines, Inc. is headquartered in Palo Alto, California. “

FNGN has been the subject of a number of other research reports. Jefferies Group restated a “buy” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. William Blair restated an “outperform” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Financial Engines has an average rating of “Buy” and an average target price of $32.33.

Shares of Financial Engines (NASDAQ:FNGN) opened at 32.80 on Monday. Financial Engines has a 12-month low of $23.22 and a 12-month high of $36.55. The firm has a 50-day moving average price of $28.57 and a 200-day moving average price of $28.36. The firm has a market cap of $2.03 billion, a P/E ratio of 73.21 and a beta of 1.82.

Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business earned $112.42 million during the quarter, compared to analyst estimates of $109.58 million. Financial Engines had a net margin of 6.74% and a return on equity of 7.03%. The business’s revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, equities research analysts expect that Financial Engines will post $1.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, December 12th. This represents a $0.28 annualized dividend and a yield of 0.85%. Financial Engines’s payout ratio is 63.64%.

In related news, CEO Lawrence M. Raffone sold 7,683 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $32.06, for a total value of $246,316.98. Following the completion of the sale, the chief executive officer now owns 35,910 shares of the company’s stock, valued at $1,151,274.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher L. Jones sold 10,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $32.15, for a total transaction of $321,500.00. Following the completion of the sale, the executive vice president now directly owns 83,285 shares of the company’s stock, valued at approximately $2,677,612.75. The disclosure for this sale can be found here. Company insiders own 15.97% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Financial Engines by 0.4% in the third quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the company’s stock valued at $698,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its stake in Financial Engines by 0.4% in the third quarter. Arizona State Retirement System now owns 27,592 shares of the company’s stock valued at $820,000 after buying an additional 100 shares during the last quarter. ProShare Advisors LLC increased its stake in Financial Engines by 1.2% in the second quarter. ProShare Advisors LLC now owns 15,072 shares of the company’s stock valued at $390,000 after buying an additional 185 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Financial Engines by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,740 shares of the company’s stock valued at $349,000 after buying an additional 210 shares during the last quarter. Finally, Comerica Bank increased its stake in Financial Engines by 0.5% in the second quarter. Comerica Bank now owns 53,106 shares of the company’s stock valued at $1,583,000 after buying an additional 260 shares during the last quarter.

Financial Engines Company Profile

Financial Engines, Inc provides independent, technology-enabled portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.

5 Day Chart for NASDAQ:FNGN

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