Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda unloaded 15,000 shares of Financial Engines stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $58.10, for a total transaction of $871,500.00. Following the completion of the transaction, the chief executive officer now directly owns 205,677 shares in the company, valued at approximately $11,949,834. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Financial Engines (NASDAQ:FNGN) traded up 0.84% during mid-day trading on Wednesday, hitting $58.60. 310,660 shares of the company’s stock traded hands. Financial Engines has a 52 week low of $32.58 and a 52 week high of $71.08. The stock has a 50-day moving average of $59.46 and a 200-day moving average of $60.90. The company has a market cap of $2.989 billion and a P/E ratio of 101.95.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.01. The company had revenue of $65.20 million for the quarter, compared to the consensus estimate of $65.86 million. Analysts expect that Financial Engines will post $0.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase from Financial Engines’s previous quarterly dividend of $0.05.
Separately, analysts at Needham & Company raised their price target on shares of Financial Engines from $60.00 to $66.00 in a research note on Friday, February 21st.
Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.
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