Insider Selling: Christopher L. Jones Unloads 10,000 Shares of Financial Engines Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Christopher L. Jones unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $45.30, for a total transaction of $453,000.00. Following the completion of the sale, the executive vice president now directly owns 68,646 shares of the company’s stock, valued at approximately $3,109,664. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on FNGN. 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.
Financial Engines (NASDAQ:FNGN) traded down 1.41% during mid-day trading on Wednesday, hitting $45.60. 400,665 shares of the company’s stock traded hands. Financial Engines has a one year low of $37.14 and a one year high of $71.08. The stock’s 50-day moving average is $42.26 and its 200-day moving average is $55.65. The company has a market cap of $2.346 billion and a P/E ratio of 77.21.
Financial Engines (NASDAQ:FNGN) last released its earnings data on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue 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 0.53%. 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.
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