Financial Engines Inc. (FNGN) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Financial Engines Inc. (NASDAQ:FNGN) from a hold rating to a buy rating in a research report released on Wednesday morning. The firm currently has $40.00 target price on the stock.
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. “
Several other analysts have also recently weighed in on FNGN. William Blair restated an outperform rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Jefferies Group reiterated a buy rating on shares of Financial Engines in a research report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $34.67.
Financial Engines (NASDAQ:FNGN) opened at 35.60 on Wednesday. Financial Engines has a one year low of $23.22 and a one year high of $36.55. The stock’s 50 day moving average is $29.36 and its 200 day moving average is $28.52. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 79.46 and a beta of 1.82.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $112.42 million for 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 quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. On average, analysts predict that Financial Engines will post $1.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Wednesday, December 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Monday, December 12th. Financial Engines’s dividend payout ratio (DPR) is presently 63.64%.
In other news, EVP Christopher L. Jones sold 10,000 shares of Financial Engines stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $29.88, for a total transaction of $298,800.00. Following the sale, the executive vice president now owns 88,035 shares of the company’s stock, valued at approximately $2,630,485.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Gamble sold 976 shares of Financial Engines stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $35.00, for a total transaction of $34,160.00. Following the sale, the executive vice president now directly owns 13,909 shares in the company, valued at approximately $486,815. The disclosure for this sale can be found here. 15.97% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Capital World Investors raised its stake in shares of Financial Engines by 26.6% in the second quarter. Capital World Investors now owns 7,711,000 shares of the company’s stock worth $199,484,000 after buying an additional 1,620,053 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Financial Engines by 11.9% in the second quarter. Vanguard Group Inc. now owns 4,111,281 shares of the company’s stock worth $106,358,000 after buying an additional 437,912 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Financial Engines during the second quarter worth $9,088,000. Emerald Acquisition Ltd. bought a new stake in shares of Financial Engines during the second quarter worth $7,511,000. Finally, BlackRock Fund Advisors raised its stake in shares of Financial Engines by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,671,562 shares of the company’s stock worth $109,082,000 after buying an additional 286,230 shares during the last quarter.
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About Financial Engines
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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