Insider Selling: Financial Engines EVP Unloads 10,000 Shares of Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Garry Hallee sold 10,000 shares of Financial Engines stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $58.55, for a total value of $585,500.00. Following the transaction, the executive vice president now directly owns 87,924 shares in the company. The transaction 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.
Financial Engines (NASDAQ:FNGN) traded down 1.00% during mid-day trading on Wednesday, hitting $58.51. 174,244 shares of the company’s stock traded hands. Financial Engines has a one year low of $21.46 and a one year high of $59.14. The stock’s 50-day moving average is $52.52 and its 200-day moving average is $43.13. The company has a market cap of $2.907 billion and a price-to-earnings ratio of 128.48.
Financial Engines (NASDAQ:FNGN) last announced its earnings results on Thursday, August 1st. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis. On average, analysts predict that Financial Engines will post $0.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date 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.
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