Financial Engines Inc. (NASDAQ:FNGN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

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 research analysts have also recently issued reports on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Financial Engines in a report on Wednesday, August 3rd. William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.67.

Shares of Financial Engines (NASDAQ:FNGN) opened at 35.65 on Thursday. The firm has a market cap of $2.21 billion, a P/E ratio of 79.58 and a beta of 1.82. The company’s 50-day moving average price is $29.53 and its 200 day moving average price is $28.56. Financial Engines has a 52 week low of $23.22 and a 52 week high of $36.55.

Financial Engines (NASDAQ:FNGN) last issued its earnings results on Thursday, November 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The business 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. On average, equities analysts anticipate that Financial Engines will post $1.14 earnings per share for the current year.

The business also recently declared 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. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. Financial Engines’s dividend payout ratio is presently 63.64%.

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In related news, 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 transaction 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 $486,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher L. Jones sold 10,000 shares of the business’s stock in a transaction that occurred on 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 $2,630,485.80. The disclosure for this sale can be found here. 15.97% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Financial Engines by 13.1% in the second quarter. BlackRock Inc. now owns 4,498 shares of the company’s stock valued at $116,000 after buying an additional 521 shares during the period. 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 valued at $149,000 after buying an additional 797 shares during the period. 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 valued at $173,000 after buying an additional 382 shares during the period. 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 valued at $186,000 after buying an additional 875 shares during the period. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of Financial Engines during the second quarter valued at about $204,000.

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.

5 Day Chart for NASDAQ:FNGN

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