Financial Engines Inc. (FNGN) EVP Sells $34,160.00 in Stock
Financial Engines Inc. (NASDAQ:FNGN) EVP Paul Gamble sold 976 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $35.00, for a total value of $34,160.00. Following the completion of the sale, the executive vice president now directly owns 13,909 shares in the company, valued at approximately $486,815. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Financial Engines Inc. (NASDAQ:FNGN) traded up 2.01% during trading on Wednesday, hitting $35.60. 276,104 shares of the company were exchanged. Financial Engines Inc. has a 12 month low of $23.22 and a 12 month high of $36.55. The company’s 50-day moving average price is $29.20 and its 200 day moving average price is $28.47. The stock has a market cap of $2.20 billion, a P/E ratio of 79.46 and a beta of 1.82.
Financial Engines (NASDAQ:FNGN) last announced its earnings results on Thursday, November 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Financial Engines had a net margin of 6.74% and a return on equity of 7.03%. The firm had revenue of $112.42 million for the quarter, compared to analyst estimates of $109.58 million. During the same quarter last year, the business earned $0.24 earnings per share. Financial Engines’s revenue was up 42.6% compared to the same quarter last year. On average, equities analysts predict that Financial Engines Inc. 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. Stockholders 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 dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, December 12th. Financial Engines’s dividend payout ratio is presently 63.64%.
A number of research firms have recently weighed in on FNGN. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, November 16th. Jefferies Group reaffirmed a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.67.
A number of large investors have recently added to or reduced their stakes in FNGN. BlackRock Inc. increased its stake in Financial Engines by 100.3% in the first quarter. BlackRock Inc. now owns 3,977 shares of the company’s stock valued at $125,000 after buying an additional 1,991 shares during the period. Paradigm Asset Management Co. LLC increased its stake in Financial Engines by 16.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,750 shares of the company’s stock valued at $149,000 after buying an additional 797 shares during the period. PineBridge Investments L.P. increased its stake in Financial Engines by 6.0% in the second quarter. PineBridge Investments L.P. now owns 6,706 shares of the company’s stock valued at $173,000 after buying an additional 382 shares during the period. Teacher Retirement System of Texas increased its stake in Financial Engines by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 7,191 shares of the company’s stock valued at $186,000 after buying an additional 875 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Financial Engines during the third quarter valued at $221,000.
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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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