State Board of Administration of Florida Retirement System reduced its stake in Financial Engines Inc. (NASDAQ:FNGN) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 41,947 shares of the company’s stock after selling 477 shares during the period. State Board of Administration of Florida Retirement System owned about 0.07% of Financial Engines worth $1,085,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of Financial Engines by 3.5% in the first quarter. Prudential Financial Inc. now owns 124,028 shares of the company’s stock worth $3,898,000 after buying an additional 4,200 shares in the last quarter. Apex Capital Management boosted its position in shares of Financial Engines by 20.3% in the first quarter. Apex Capital Management now owns 308,192 shares of the company’s stock worth $9,686,000 after buying an additional 51,930 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Financial Engines by 83.8% in the first quarter. Goldman Sachs Group Inc. now owns 112,730 shares of the company’s stock worth $3,543,000 after buying an additional 51,404 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Financial Engines during the first quarter worth approximately $15,530,000. Finally, Norges Bank purchased a new position in shares of Financial Engines during the fourth quarter worth approximately $15,104,000.

Financial Engines Inc. (NASDAQ:FNGN) traded up 1.42% during mid-day trading on Thursday, hitting $29.92. The company had a trading volume of 194,594 shares. Financial Engines Inc. has a 52 week low of $23.22 and a 52 week high of $40.00. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 61.95 and a beta of 1.95. The firm’s 50 day moving average is $30.78 and its 200 day moving average is $28.92.

Financial Engines (NASDAQ:FNGN) last posted its earnings results on Tuesday, August 2nd. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The business earned $106.20 million during 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 quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. On average, equities research analysts predict that Financial Engines Inc. will post $1.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, September 16th. Financial Engines’s payout ratio is 57.14%.

A number of research analysts have recently commented on FNGN shares. William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Zacks Investment Research cut Financial Engines from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.67.

In other Financial Engines news, CEO Lawrence M. Raffone sold 7,683 shares of Financial Engines stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $32.06, for a total value of $246,316.98. Following the completion of the sale, the chief executive officer now owns 35,910 shares of the company’s stock, valued at approximately $1,151,274.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher L. Jones sold 10,000 shares of Financial Engines stock in a transaction 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 completion of the sale, the executive vice president now directly owns 88,035 shares of the company’s stock, valued at approximately $2,630,485.80. The disclosure for this sale can be found here. 15.97% of the stock is owned by company insiders.

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.

5 Day Chart for NASDAQ:FNGN

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