Financial Engines CFO Raymond J. Sims Unloads 8,127 Shares (FNGN)
Financial Engines (NASDAQ:FNGN) CFO Raymond J. Sims sold 8,127 shares of the company’s stock on the open market in a transaction dated Thursday, January 16th. The stock was sold at an average price of $67.34, for a total transaction of $547,272.18. Following the sale, the chief financial officer now directly owns 5,879 shares in the company, valued at approximately $395,892. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
FNGN has been the subject of a number of recent research reports. Analysts at Needham & Company raised their price target on shares of Financial Engines from $55.00 to $60.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating on the stock. Analysts at Cowen and Company raised their price target on shares of Financial Engines from $53.00 to $60.00 in a research note to investors on Monday, October 28th.
Shares of Financial Engines (NASDAQ:FNGN) traded down 0.60% during mid-day trading on Friday, hitting $67.45. 103,592 shares of the company’s stock traded hands. Financial Engines has a 52-week low of $29.72 and a 52-week high of $71.08. The stock has a 50-day moving average of $67.65 and a 200-day moving average of $58.13. The company has a market cap of $3.400 billion and a price-to-earnings ratio of 128.04.
Financial Engines (NASDAQ:FNGN) last released its earnings data on Tuesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $62.10 million for the quarter, compared to the consensus estimate of $60.40 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Analysts expect that Financial Engines will post $0.76 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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