Insider Selling: Christopher L. Jones Sells 10,000 Shares of Financial Engines Stock (FNGN)

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Financial Engines (NASDAQ:FNGN) EVP Christopher L. Jones sold 10,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $45.27, for a total transaction of $452,700.00. Following the sale, the executive vice president now directly owns 78,646 shares of the company’s stock, valued at approximately $3,560,304. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Financial Engines (NASDAQ:FNGN) opened at 46.03 on Tuesday. Financial Engines has a 52 week low of $37.14 and a 52 week high of $71.08. The stock has a 50-day moving average of $42.39 and a 200-day moving average of $55.8. The company has a market cap of $2.368 billion and a P/E ratio of 76.84.

Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $67.28 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that Financial Engines will post $0.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Friday, June 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, June 11th.

Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Separately, analysts at Sidoti upgraded shares of Financial Engines from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Finally, analysts at Needham & Company LLC cut their price target on shares of Financial Engines from $66.00 to $52.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock.

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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