Stocks: Insider Selling: Financial Engines Inc (FNGN) CFO Sells $785,200.00 in Stock

Stocks: Insider Selling: Financial Engines Inc (FNGN) CFO Sells $785,200.00 in Stock

Financial Engines Inc (NASDAQ:FNGN) CFO Raymond J. Sims sold 20,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $39.26, for a total transaction of $785,200.00. Following the completion of the sale, the chief financial officer now directly owns 21,759 shares of the company’s stock, valued at approximately $854,258.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Financial Engines Inc (NASDAQ:FNGN) opened at 40.35 on Friday. The stock has a 50 day moving average of $41.26 and a 200 day moving average of $37.94. The company has a market cap of $2.54 billion, a P/E ratio of 68.62 and a beta of 1.92. Financial Engines Inc has a 52-week low of $23.56 and a 52-week high of $45.75.

Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Financial Engines had a net margin of 6.74% and a return on equity of 7.03%. The company had revenue of $114.10 million during the quarter, compared to analysts’ expectations of $115.78 million. During the same quarter in the prior year, the company posted $0.24 EPS. The business’s revenue was up 23.9% on a year-over-year basis. On average, equities analysts anticipate that Financial Engines Inc will post $1.36 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, June 12th. Financial Engines’s dividend payout ratio is 63.64%.

Institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its position in shares of Financial Engines by 0.4% in the third quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the asset manager’s stock worth $698,000 after buying an additional 100 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of Financial Engines by 0.8% in the first quarter. Glen Harbor Capital Management LLC now owns 22,368 shares of the asset manager’s stock worth $974,000 after buying an additional 176 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Financial Engines by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,740 shares of the asset manager’s stock worth $349,000 after buying an additional 210 shares in the last quarter. Tyers Asset Management LLC boosted its position in shares of Financial Engines by 0.8% in the first quarter. Tyers Asset Management LLC now owns 30,756 shares of the asset manager’s stock worth $1,340,000 after buying an additional 242 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Financial Engines by 0.8% in the first quarter. Flinton Capital Management LLC now owns 39,144 shares of the asset manager’s stock worth $1,705,000 after buying an additional 308 shares in the last quarter.

FNGN has been the subject of several research analyst reports. TheStreet raised shares of Financial Engines from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Jefferies Group LLC set a $47.00 target price on shares of Financial Engines and gave the stock a “buy” rating in a research report on Saturday, February 25th. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, April 25th. Finally, William Blair reissued an “outperform” rating on shares of Financial Engines in a research report on Friday, February 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Financial Engines currently has an average rating of “Buy” and a consensus price target of $46.00.

Financial Engines Company Profile

Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.

Related posts

Leave a Comment