Financial Engines CEO Sells $794,850 in Stock (FNGN)

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Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda unloaded 15,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $52.99, for a total value of $794,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Separately, analysts at Needham & Company LLC raised their price target on shares of Financial Engines from $60.00 to $66.00 in a research note on Friday, February 21st.

Shares of Financial Engines (NASDAQ:FNGN) opened at 51.835 on Thursday. Financial Engines has a one year low of $32.58 and a one year high of $71.08. The stock’s 50-day moving average is $58.15 and its 200-day moving average is $61.00. The company has a market cap of $2.644 billion and a price-to-earnings ratio of 92.37.

Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the 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. Stockholders 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 0.46%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a boost from Financial Engines’s previous quarterly dividend of $0.05.

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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