Financial Engines CEO Jeffrey Nacey Maggioncalda Unloads 15,000 Shares (FNGN)
Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of Financial Engines stock on the open market in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $37.26, for a total transaction of $558,900.00. Following the completion of the sale, the chief executive officer now directly owns 214,427 shares of the company’s stock, valued at approximately $7,989,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Financial Engines from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 30th. Finally, analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $56.00.
Financial Engines (NASDAQ:FNGN) traded down 1.60% on Tuesday, hitting $36.84. 465,829 shares of the company’s stock traded hands. Financial Engines has a one year low of $36.47 and a one year high of $71.08. The stock has a 50-day moving average of $41.63 and a 200-day moving average of $48.78. The company has a market cap of $1.907 billion and a price-to-earnings ratio of 55.96.
Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, July 31st. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.03. The company had revenue of $69.80 million for the quarter, compared to the consensus estimate of $69.68 million. During the same quarter last year, the company posted $0.16 earnings per share. Financial Engines’s revenue was up 20.8% compared to the same quarter last year. Analysts expect that Financial Engines will post $0.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 6th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 18th.
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.