Financial Engines CFO Raymond Sims Unloads 5,000 Shares (FNGN)
Financial Engines (NASDAQ:FNGN) CFO Raymond Sims sold 5,000 shares of Financial Engines stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $58.54, for a total value of $292,700.00. Following the transaction, the chief financial officer now directly owns 7,127 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Needham & Company raised their price target on shares of Financial Engines (NASDAQ:FNGN) from $45.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Shares of Financial Engines (NASDAQ:FNGN) traded up 2.39% on Tuesday, hitting $59.10. The stock had a trading volume of 238,935 shares. Financial Engines has a 1-year low of $21.46 and a 1-year high of $58.09. The stock has a 50-day moving average of $52.2 and a 200-day moving average of $42.94. The company has a market cap of $2.936 billion and a price-to-earnings ratio of 125.48.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.16. The company had revenue of $57.80 million for the quarter, compared to the consensus estimate of $50.83 million. During the same quarter last year, the company posted $0.11 earnings per share. Financial Engines’s revenue was up 30.5% compared to the same quarter last year. Analysts expect that Financial Engines will post $0.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 4th. Shareholders of record on Friday, September 20th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Wednesday, September 18th.
Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.