Raymond J. Sims Sells 10,000 Shares of Financial Engines Inc. (FNGN) Stock
Financial Engines Inc. (NASDAQ:FNGN) CFO Raymond J. Sims sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00. Following the sale, the chief financial officer now directly owns 6,225 shares of the company’s stock, valued at $217,875. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Financial Engines Inc. (NASDAQ:FNGN) opened at 35.60 on Friday. The stock has a market capitalization of $2.20 billion, a PE ratio of 79.46 and a beta of 1.82. Financial Engines Inc. has a 52-week low of $23.22 and a 52-week high of $36.55. The firm has a 50-day moving average of $29.36 and a 200-day moving average of $28.52.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The business earned $112.42 million during the quarter, compared to the consensus estimate of $109.58 million. Financial Engines had a net margin of 6.74% and a return on equity of 7.03%. The firm’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. On average, equities analysts expect that Financial Engines Inc. will post $1.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Wednesday, December 14th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. Financial Engines’s dividend payout ratio (DPR) is presently 63.64%.
A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Financial Engines by 13.1% in the second quarter. BlackRock Inc. now owns 4,498 shares of the company’s stock worth $116,000 after buying an additional 521 shares during the last quarter. 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 worth $149,000 after buying an additional 797 shares during the last quarter. 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 worth $173,000 after buying an additional 382 shares during the last quarter. 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 worth $186,000 after buying an additional 875 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new stake in Financial Engines during the second quarter worth about $204,000.
A number of analysts recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $34.67.
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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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