Financial Engines Inc. (FNGN) Stock Rating Upgraded by Zacks Investment Research
Financial Engines Inc. (NASDAQ:FNGN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $37.00 target price on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 11.19% from the company’s current price.
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. “
Other research analysts have also recently issued research reports about the stock. Jefferies Group restated a “buy” rating on shares of Financial Engines in a report on Wednesday, August 3rd. William Blair restated an “outperform” rating on shares of Financial Engines in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.67.
Financial Engines (NASDAQ:FNGN) traded up 1.52% on Wednesday, reaching $33.30. 276,537 shares of the company were exchanged. Financial Engines has a 12-month low of $23.22 and a 12-month high of $36.55. The stock has a 50 day moving average of $28.57 and a 200 day moving average of $28.36. The firm has a market capitalization of $2.06 billion, a PE ratio of 74.33 and a beta of 1.82.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The firm earned $112.42 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. Equities analysts anticipate that Financial Engines will post $1.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Wednesday, December 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, December 12th. Financial Engines’s payout ratio is currently 63.64%.
In other news, EVP Christopher L. Jones sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $29.88, for a total value of $298,800.00. Following the sale, the executive vice president now owns 88,035 shares of the company’s stock, valued at $2,630,485.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lewis Antone, Jr. sold 960 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $30,720.00. Following the completion of the sale, the executive vice president now directly owns 3,348 shares in the company, valued at approximately $107,136. The disclosure for this sale can be found here. 15.97% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Financial Engines by 100.3% in the first quarter. BlackRock Inc. now owns 3,977 shares of the company’s stock worth $125,000 after buying an additional 1,991 shares in the last quarter. Paradigm Asset Management Co. LLC raised its stake in shares of Financial Engines by 16.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,750 shares of the company’s stock worth $149,000 after buying an additional 797 shares in the last quarter. PineBridge Investments L.P. raised its stake in shares of Financial Engines by 6.0% in the second quarter. PineBridge Investments L.P. now owns 6,706 shares of the company’s stock worth $173,000 after buying an additional 382 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Financial Engines by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 7,191 shares of the company’s stock worth $186,000 after buying an additional 875 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Financial Engines during the third quarter worth approximately $221,000.
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.
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