Louisiana State Employees Retirement System increased its stake in shares of Financial Engines Inc. (NASDAQ:FNGN) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,400 shares of the company’s stock after buying an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Financial Engines were worth $605,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised 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 in the last quarter. Royal Bank of Canada raised its position in shares of Financial Engines by 1.6% in the first quarter. Royal Bank of Canada now owns 8,381 shares of the company’s stock valued at $263,000 after buying an additional 136 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Financial Engines by 114.7% in the second quarter. BNP Paribas Arbitrage SA now owns 16,539 shares of the company’s stock valued at $428,000 after buying an additional 8,836 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Financial Engines during the second quarter valued at approximately $455,000. Finally, Capstone Asset Management Co. raised its position in shares of Financial Engines by 9.5% in the second quarter. Capstone Asset Management Co. now owns 18,473 shares of the company’s stock valued at $478,000 after buying an additional 1,610 shares in the last quarter.
Shares of Financial Engines Inc. (NASDAQ:FNGN) traded up 0.14% during trading on Friday, hitting $28.23. 191,324 shares of the stock were exchanged. Financial Engines Inc. has a one year low of $23.22 and a one year high of $40.00. The stock’s 50 day moving average price is $30.12 and its 200 day moving average price is $28.98. The stock has a market cap of $1.74 billion, a PE ratio of 58.45 and a beta of 1.91.
Financial Engines (NASDAQ:FNGN) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $106.20 million for the quarter, compared to analyst estimates of $103.16 million. Financial Engines had a return on equity of 7.20% and a net margin of 7.75%. The company’s revenue was up 35.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. Equities research analysts predict that Financial Engines Inc. will post $1.10 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, September 16th. Financial Engines’s dividend payout ratio (DPR) is presently 57.14%.
Several equities analysts have commented on the stock. Jefferies Group reiterated a “buy” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. Zacks Investment Research lowered shares of Financial Engines from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Finally, William Blair reiterated an “outperform” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Financial Engines presently has a consensus rating of “Buy” and an average target price of $32.33.
In related news, Director Heidi Fields sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $31.99, for a total transaction of $159,950.00. Following the transaction, the director now directly owns 11,231 shares of the company’s stock, valued at approximately $359,279.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher L. Jones sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $29.88, for a total value of $298,800.00. Following the transaction, the executive vice president now directly owns 88,035 shares in the company, valued at $2,630,485.80. The disclosure for this sale can be found here. Corporate insiders own 15.97% of the company’s stock.
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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