Financial Engines Inc. (NASDAQ:FNGN) EVP Paul Gamble sold 976 shares of the firm’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 $34,160.00. Following the transaction, the executive vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $486,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Financial Engines Inc. (NASDAQ:FNGN) opened at 35.65 on Monday. Financial Engines Inc. has a 12 month low of $23.22 and a 12 month high of $36.55. The stock has a 50 day moving average price of $29.53 and a 200-day moving average price of $28.56. The stock has a market cap of $2.21 billion, a P/E ratio of 79.58 and a beta of 1.82.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Financial Engines had a return on equity of 7.03% and a net margin of 6.74%. The company earned $112.42 million during the quarter, compared to the consensus estimate of $109.58 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s quarterly revenue was up 42.6% compared to the same quarter last year. On average, analysts forecast that Financial Engines Inc. will post $1.14 EPS for the current fiscal year.
The business also recently disclosed 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. The ex-dividend date is Monday, December 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. Financial Engines’s dividend payout ratio (DPR) is presently 63.64%.
Large investors have recently made changes to their positions in the stock. California Public Employees Retirement System increased its stake in shares of Financial Engines by 14.4% in the second quarter. California Public Employees Retirement System now owns 81,100 shares of the company’s stock worth $2,098,000 after buying an additional 10,200 shares during the period. Cortina Asset Management LLC increased its stake in shares of Financial Engines by 4.9% in the second quarter. Cortina Asset Management LLC now owns 219,509 shares of the company’s stock valued at $5,679,000 after buying an additional 10,224 shares during the period. Financial & Investment Management Group Ltd. purchased a new stake in shares of Financial Engines during the second quarter valued at about $575,000. Ameriprise Financial Inc. increased its stake in shares of Financial Engines by 7.6% in the second quarter. Ameriprise Financial Inc. now owns 283,826 shares of the company’s stock valued at $7,343,000 after buying an additional 20,082 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 valued at $3,543,000 after buying an additional 51,404 shares during the period.
Several equities analysts have weighed in on FNGN shares. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, November 16th. William Blair reissued an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Finally, Jefferies Group reissued a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $34.67.
About Financial Engines