Today, Financial Engines Inc. (FNGN) Upgrade by The Zacks Investment Research to Buy

Today, Financial Engines Inc. (FNGN) Upgrade by The Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Financial Engines Inc. (NASDAQ:FNGN) from a hold rating to a buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $40.00 target price on the stock.

According to Zacks, “Financial Engines, Inc. is an independent investment advisor that provides personalized retirement plans for saving, investing, and retirement income. Financial Engines offers both online advice and professional management to meet the needs of different investors. Its services include Professional Management, a discretionary managed account service designed for plan participants who want personalized and professional portfolio management services, investment advice, and retirement help from an independent investment advisor; Online Advice, a nondiscretionary Internet-based service that offers personalized advice to plan participants who wish to take an active role in personally managing their retirement portfolios; and Retirement Evaluation, a retirement readiness assessment provided to plan participants upon plan rollout. Financial Engines, Inc. is headquartered in Palo Alto, California. “

A number of other brokerages also recently commented on FNGN. Jefferies Group reissued a buy rating on shares of Financial Engines in a research note on Wednesday, August 3rd. William Blair reissued an outperform rating on shares of Financial Engines in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $34.67.

Financial Engines (NASDAQ:FNGN) opened at 34.45 on Wednesday. Financial Engines has a 1-year low of $23.22 and a 1-year high of $36.55. The stock has a market capitalization of $2.13 billion, a P/E ratio of 76.90 and a beta of 1.82. The stock has a 50 day moving average price of $29.69 and a 200-day moving average price of $28.61.

Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The company earned $112.42 million during the quarter, compared to the consensus estimate of $109.58 million. Financial Engines had a net margin of 6.74% and a return on equity of 7.03%. Financial Engines’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Equities research analysts expect that Financial Engines will post $1.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, December 12th. Financial Engines’s payout ratio is presently 63.64%.

In related news, CFO Raymond J. Sims sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $35.00, for a total value of $350,000.00. Following the transaction, the chief financial officer now directly owns 6,225 shares of the company’s stock, valued at approximately $217,875. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Heidi Fields sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $31.99, for a total value of $159,950.00. Following the completion of the transaction, the director now directly owns 11,231 shares in the company, valued at $359,279.69. The disclosure for this sale can be found here. Insiders own 15.97% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its position in Financial Engines by 0.4% in the third quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the company’s stock valued at $698,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its position in Financial Engines by 0.4% in the third quarter. Arizona State Retirement System now owns 27,592 shares of the company’s stock valued at $820,000 after buying an additional 100 shares during the last quarter. ProShare Advisors LLC increased its position in Financial Engines by 1.2% in the second quarter. ProShare Advisors LLC now owns 15,072 shares of the company’s stock valued at $390,000 after buying an additional 185 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Financial Engines by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,740 shares of the company’s stock valued at $349,000 after buying an additional 210 shares during the last quarter. Finally, Comerica Bank increased its position in Financial Engines by 0.5% in the second quarter. Comerica Bank now owns 53,106 shares of the company’s stock valued at $1,583,000 after buying an additional 260 shares during 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.

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