Financial Engines EVP Sells $180,300 in Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Christopher L. Jones unloaded 5,000 shares of the stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $36.06, for a total value of $180,300.00. Following the completion of the sale, the executive vice president now directly owns 68,646 shares of the company’s stock, valued at approximately $2,475,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Financial Engines has an average rating of “Buy” and an average price target of $56.00.
Shares of Financial Engines (NASDAQ:FNGN) traded up 0.31% on Friday, hitting $35.87. 233,967 shares of the company’s stock traded hands. Financial Engines has a 1-year low of $33.92 and a 1-year high of $71.08. The stock has a 50-day moving average of $36. and a 200-day moving average of $45.7. The company has a market cap of $1.856 billion and a P/E ratio of 53.45.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, analysts predict that Financial Engines will post $0.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 6th. Stockholders 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 0.67%. The ex-dividend date 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.
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