Financial Engines Inc (NASDAQ:FNGN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a note issued to investors on Tuesday.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, November 23rd. William Blair reiterated an “outperform” rating on shares of Financial Engines in a report on Friday, February 24th.
Financial Engines (NASDAQ:FNGN) opened at 41.10 on Tuesday. Financial Engines has a 12-month low of $23.56 and a 12-month high of $45.75. The stock has a 50 day moving average price of $41.03 and a 200-day moving average price of $34.77. The stock has a market cap of $2.56 billion, a P/E ratio of 89.35 and a beta of 1.92.
Financial Engines (NASDAQ:FNGN) last issued its earnings results on Thursday, February 23rd. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. Financial Engines had a net margin of 6.74% and a return on equity of 7.03%. The firm earned $113.22 million during the quarter, compared to analyst estimates of $112.88 million. During the same quarter in the previous year, the business posted $0.24 EPS. Financial Engines’s revenue was up 43.8% compared to the same quarter last year. On average, equities analysts expect that Financial Engines will post $1.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 22nd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, March 20th. Financial Engines’s dividend payout ratio is presently 63.64%.
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In other Financial Engines news, CAO Kelly O’donnell sold 7,838 shares of the business’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $40.32, for a total transaction of $316,028.16. Following the transaction, the chief accounting officer now owns 15,590 shares in the company, valued at $628,588.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Christopher L. Jones sold 6,666 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $40.66, for a total value of $271,039.56. Following the transaction, the executive vice president now owns 75,449 shares in the company, valued at approximately $3,067,756.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,256,560 shares of company stock worth $186,537,190. 15.97% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wrapmanager Inc. acquired a new position in Financial Engines during the fourth quarter valued at approximately $207,000. First Republic Investment Management Inc. acquired a new position in Financial Engines during the fourth quarter valued at approximately $209,000. SG Americas Securities LLC acquired a new position in Financial Engines during the third quarter valued at approximately $221,000. Neuberger Berman Group LLC acquired a new position in Financial Engines during the third quarter valued at approximately $260,000. Finally, Quantitative Investment Management LLC acquired a new position in Financial Engines during the third quarter valued at approximately $270,000.
About Financial Engines
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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