Financial Engines Inc. (FNGN) Stock Price Up 4.5%
Financial Engines Inc. (NASDAQ:FNGN) rose 4.5% during trading on Monday . The company traded as high as $30.85 and last traded at $30.81, with a volume of 208,448 shares changing hands. The stock had previously closed at $29.47.
FNGN has been the topic of a number of recent research reports. Zacks Investment Research lowered Financial Engines from a “hold” rating to a “sell” rating in a research report on Monday, April 18th. William Blair reiterated an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Jefferies Group reiterated a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Finally, Raymond James Financial Inc. upgraded Financial Engines from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.67.
The company has a 50 day moving average of $27.02 and a 200-day moving average of $27.95. The company has a market cap of $1.90 billion and a price-to-earnings ratio of 63.79.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company earned $106.20 million during the quarter, compared to analysts’ expectations of $103.16 million. During the same quarter in the previous year, the business posted $0.23 EPS. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. Equities research analysts forecast that Financial Engines Inc. will post $1.10 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, September 16th.
In other news, EVP Christopher L. Jones sold 10,000 shares of Financial Engines stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $28.23, for a total value of $282,300.00. Following the completion of the transaction, the executive vice president now owns 91,564 shares in the company, valued at approximately $2,584,851.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Other large investors have modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of Financial Engines by 1.7% in the fourth quarter. Nationwide Fund Advisors now owns 34,024 shares of the company’s stock valued at $1,146,000 after buying an additional 563 shares during the period. New York State Common Retirement Fund raised its stake in shares of Financial Engines by 14.8% in the fourth quarter. New York State Common Retirement Fund now owns 99,771 shares of the company’s stock valued at $3,359,000 after buying an additional 12,853 shares during the period. Principal Financial Group Inc. raised its stake in shares of Financial Engines by 6.1% in the fourth quarter. Principal Financial Group Inc. now owns 345,798 shares of the company’s stock valued at $11,643,000 after buying an additional 19,884 shares during the period. US Bancorp DE raised its stake in shares of Financial Engines by 31.9% in the fourth quarter. US Bancorp DE now owns 95,844 shares of the company’s stock valued at $3,227,000 after buying an additional 23,184 shares during the period. Finally, State of Tennessee Treasury Department acquired a new stake in shares of Financial Engines during the fourth quarter valued at $1,360,000.
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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