Insider Selling: Financial Engines CEO Sells 15,000 Shares of Stock (FNGN)
Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of Financial Engines stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $36.64, for a total transaction of $549,600.00. Following the sale, the chief executive officer now directly owns 214,427 shares in the company, valued at approximately $7,856,605. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Financial Engines (NASDAQ:FNGN) traded down 1.85% during mid-day trading on Wednesday, hitting $36.51. The stock had a trading volume of 252,414 shares. Financial Engines has a one year low of $33.92 and a one year high of $71.08. The stock’s 50-day moving average is $36.98 and its 200-day moving average is $45.86. The company has a market cap of $1.890 billion and a price-to-earnings ratio of 55.61.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the 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 announced a quarterly dividend, which is scheduled for Monday, October 6th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, September 18th.
A number of research firms have recently commented on FNGN. 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. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Financial Engines currently has a consensus rating of “Buy” and an average price target of $56.00.
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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