Insider Selling: Financial Engines EVP Sells 1,500 Shares of Stock (FNGN)

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Financial Engines (NASDAQ:FNGN) EVP Anne Tuttle Cappel sold 1,500 shares of the stock on the open market in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $36.80, for a total transaction of $55,200.00. Following the completion of the sale, the executive vice president now directly owns 6,921 shares in the company, valued at approximately $254,693. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Financial Engines (NASDAQ:FNGN) traded down 1.51% on Thursday, hitting $36.60. The stock had a trading volume of 178,551 shares. Financial Engines has a 52 week low of $36.07 and a 52 week high of $71.08. The stock’s 50-day moving average is $41.00 and its 200-day moving average is $48.47. The company has a market cap of $1.894 billion and a price-to-earnings ratio of 55.55.

Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, July 31st. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.03. The company had revenue of $69.80 million for the quarter, compared to the consensus estimate of $69.68 million. During the same quarter last year, the company posted $0.16 earnings per share. Financial Engines’s revenue was up 20.8% compared to the same quarter last year. 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 Monday, October 6th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 18th.

A number of analysts have recently weighed in on FNGN shares. Analysts at Raymond James upgraded shares of Financial Engines from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 30th. Finally, analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Financial Engines presently has an average rating of “Buy” and an average target price of $56.00.

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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