Financial Engines, Inc. (NASDAQ:FNGN) EVP Michael Jerome Campbell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $35.95, for a total value of $71,900.00. Following the transaction, the executive vice president now owns 37,969 shares in the company, valued at approximately $1,364,985.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Financial Engines, Inc. (NASDAQ:FNGN) traded up 2.02% during mid-day trading on Wednesday, reaching $36.70. The company’s stock had a trading volume of 248,777 shares. The stock has a market cap of $2.27 billion, a P/E ratio of 81.92 and a beta of 1.92. The firm’s 50 day moving average is $36.83 and its 200-day moving average is $31.18. Financial Engines, Inc. has a one year low of $23.22 and a one year high of $39.95.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.31 EPS for the quarter, beating 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 earned $112.42 million during the quarter, compared to the consensus estimate of $109.58 million. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 42.6% compared to the same quarter last year. Equities analysts expect that Financial Engines, Inc. will post $1.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Wednesday, December 14th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Monday, December 12th. Financial Engines’s payout ratio is 63.64%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of 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 position 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 during the last quarter. PineBridge Investments L.P. increased its position 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 during the last quarter. Teacher Retirement System of Texas increased its position 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 during the last quarter. Finally, Majedie Asset Management Ltd acquired a new position in shares of Financial Engines during the second quarter worth approximately $209,000.
Separately, Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, October 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Financial Engines presently has an average rating of “Buy” and an average price target of $35.00.
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.