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Financial Engines (NASDAQ:FNGN) EVP Garry W. Hallee sold 12,485 shares of the stock on the open market in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $63.11, for a total value of $787,928.35. Following the completion of the transaction, the executive vice president now directly owns 105,092 shares of the company’s stock, valued at approximately $6,632,356. The sale was disclosed in a legal 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 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.

Financial Engines (NASDAQ:FNGN) traded down 3.64% on Monday, hitting $59.34. 287,209 shares of the company’s stock traded hands. Financial Engines has a 52-week low of $29.82 and a 52-week high of $71.08. The stock has a 50-day moving average of $67.17 and a 200-day moving average of $59.03. The company has a market cap of $2.991 billion and a P/E ratio of 116.19.

Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue 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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