Separately, Zacks Investment Research raised shares of Financial Engines from a hold rating to a buy rating and set a $33.00 price objective for the company in a research note on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Financial Engines currently has an average rating of Buy and a consensus price target of $35.00.
William Blair restated their outperform rating on shares of Financial Engines, Inc. (NASDAQ:FNGN) in a research report report published on Monday.
Shares of Financial Engines (NASDAQ:FNGN) opened at 39.65 on Monday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 88.50 and a beta of 1.92. The company’s 50-day moving average is $37.82 and its 200-day moving average is $32.61. Financial Engines has a 12-month low of $23.22 and a 12-month high of $40.00.
In other Financial Engines news, EVP Christopher L. Jones sold 6,667 shares of the business’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $38.92, for a total value of $259,479.64. Following the completion of the transaction, the executive vice president now directly owns 74,936 shares in the company, valued at $2,916,509.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lewis Antone, Jr. sold 960 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $32.00, for a total transaction of $30,720.00. Following the completion of the transaction, the executive vice president now owns 2,388 shares of the company’s stock, valued at $76,416. The disclosure for this sale can be found here. Insiders sold 74,869 shares of company stock valued at $2,725,909 over the last quarter. 15.97% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in FNGN. Schwab Charles Investment Management Inc. increased its position in shares of Financial Engines by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 197,457 shares of the company’s stock worth $5,109,000 after buying an additional 3,576 shares in the last quarter. Legal & General Group Plc increased its position in shares of Financial Engines by 24.5% in the second quarter. Legal & General Group Plc now owns 13,972 shares of the company’s stock worth $354,000 after buying an additional 2,750 shares in the last quarter. Elk Creek Partners LLC increased its position in shares of Financial Engines by 5.9% in the second quarter. Elk Creek Partners LLC now owns 506,884 shares of the company’s stock worth $13,113,000 after buying an additional 28,367 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of Financial Engines during the second quarter worth approximately $9,088,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Financial Engines by 11.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 40,638 shares of the company’s stock worth $1,051,000 after buying an additional 4,213 shares in the last quarter.
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.