Financial Engines EVP Garry Hallee Sells 10,000 Shares (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Garry Hallee sold 10,000 shares of Financial Engines stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $61.76, for a total value of $617,600.00. Following the sale, the executive vice president now directly owns 87,924 shares in the company, valued at approximately $5,430,186. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.
Financial Engines (NASDAQ:FNGN) opened at 61.31 on Wednesday. Financial Engines has a one year low of $22.70 and a one year high of $62.24. The stock’s 50-day moving average is $55.67 and its 200-day moving average is $45.08. The company has a market cap of $3.046 billion and a price-to-earnings ratio of 133.28.
Financial Engines (NASDAQ:FNGN) last issued its quarterly 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. Analysts expect that Financial Engines will post $0.71 EPS for the current fiscal year.
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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