Kalmar Investments Inc. DE lowered its stake in shares of Financial Engines Inc. (NASDAQ:FNGN) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 714,621 shares of the company’s stock after selling 4,854 shares during the period. Kalmar Investments Inc. DE’s holdings in Financial Engines were worth $18,487,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Prudential Financial Inc. increased its position in shares of Financial Engines by 3.5% in the first quarter. Prudential Financial Inc. now owns 124,028 shares of the company’s stock valued at $3,898,000 after buying an additional 4,200 shares during the last quarter. BlackRock Inc. increased its position in shares of Financial Engines by 100.3% in the first quarter. BlackRock Inc. now owns 3,977 shares of the company’s stock valued at $125,000 after buying an additional 1,991 shares during the last quarter. Royce & Associates LP increased its position in shares of Financial Engines by 17.9% in the first quarter. Royce & Associates LP now owns 375,200 shares of the company’s stock valued at $11,793,000 after buying an additional 57,000 shares during the last quarter. State Street Corp increased its position in shares of Financial Engines by 0.5% in the first quarter. State Street Corp now owns 1,131,874 shares of the company’s stock valued at $35,582,000 after buying an additional 5,651 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Financial Engines by 83.8% in the first quarter. Goldman Sachs Group Inc. now owns 112,730 shares of the company’s stock valued at $3,543,000 after buying an additional 51,404 shares during the last quarter.
Financial Engines Inc. (NASDAQ:FNGN) traded up 1.52% during midday trading on Wednesday, reaching $27.45. The company had a trading volume of 161,408 shares. Financial Engines Inc. has a 1-year low of $23.22 and a 1-year high of $40.00. The company has a market capitalization of $1.70 billion, a P/E ratio of 56.83 and a beta of 1.91. The firm has a 50-day moving average of $29.85 and a 200 day moving average of $28.88.
Financial Engines (NASDAQ:FNGN) last issued its earnings results on Tuesday, August 2nd. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Financial Engines had a return on equity of 7.20% and a net margin of 7.75%. The business earned $106.20 million during the quarter, compared to analysts’ expectations of $103.16 million. During the same period in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was up 35.8% compared to the same quarter last year. On average, equities research analysts forecast that Financial Engines Inc. will post $1.10 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, September 16th. Financial Engines’s dividend payout ratio is 57.14%.
Several equities analysts have recently weighed in on FNGN shares. Zacks Investment Research downgraded Financial Engines from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. William Blair reiterated an “outperform” rating on shares of Financial Engines in a report on Wednesday, August 3rd. Finally, Jefferies Group reiterated a “buy” rating on shares of Financial Engines in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Financial Engines has an average rating of “Buy” and an average target price of $32.33.
In related news, EVP Lewis Antone, Jr. sold 960 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $30,720.00. Following the completion of the sale, the executive vice president now directly owns 3,348 shares in the company, valued at approximately $107,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher L. Jones sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $28.23, for a total value of $282,300.00. Following the sale, the executive vice president now owns 91,564 shares of the company’s stock, valued at $2,584,851.72. The disclosure for this sale can be found here. 15.97% of the stock is owned by company insiders.
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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