Insider Selling: Jeffrey Nacey Maggioncalda Unloads 15,000 Shares of Financial Engines Stock (FNGN)
Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of the company’s stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $58.45, for a total transaction of $876,750.00. The sale was disclosed in a document filed with the SEC, which is available at 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 down 0.36% on Friday, hitting $57.95. 178,852 shares of the company’s stock traded hands. Financial Engines has a 1-year low of $22.07 and a 1-year high of $59.44. The stock’s 50-day moving average is $53.12 and its 200-day moving average is $43.35. The company has a market cap of $2.879 billion and a price-to-earnings ratio of 126.43.
Financial Engines (NASDAQ:FNGN) last released its earnings data 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.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 4th. Investors 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 0.35%. 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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