Financial Engines EVP Unloads $452,700 in Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Christopher L. Jones sold 10,000 shares of the stock on the open market in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $45.27, for a total value of $452,700.00. Following the transaction, the executive vice president now directly owns 78,646 shares of the company’s stock, valued at approximately $3,560,304. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Separately, analysts at Sidoti upgraded shares of Financial Engines from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Finally, analysts at Needham & Company LLC cut their price target on shares of Financial Engines from $66.00 to $52.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock.
Shares of Financial Engines (NASDAQ:FNGN) traded up 2.86% on Monday, hitting $46.03. 497,962 shares of the company’s stock traded hands. Financial Engines has a 1-year low of $37.14 and a 1-year high of $71.08. The stock’s 50-day moving average is $42.28 and its 200-day moving average is $56.11. The company has a market cap of $2.368 billion and a price-to-earnings ratio of 74.71.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $67.28 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Analysts expect that Financial Engines will post $0.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, June 11th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.