Financial Engines, Inc. (FNGN) Rating Reiterated by Raymond James Financial, Inc.
Financial Engines, Inc. (NASDAQ:FNGN)‘s stock had its “underperform” rating reissued by investment analysts at Raymond James Financial, Inc. in a research report issued on Friday.
A number of other analysts have also recently commented on the stock. UBS AG cut shares of Financial Engines to an “underperform” rating in a research report on Friday. William Blair cut shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Friday. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday. Barclays PLC began coverage on shares of Financial Engines in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, Sidoti began coverage on shares of Financial Engines in a research report on Monday, July 10th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.00.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The company had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $124.11 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Financial Engines’s revenue for the quarter was up 8.7% on a year-over-year basis.
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In other news, EVP Michael Jerome Campbell sold 2,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $31.75, for a total transaction of $63,500.00. Following the transaction, the executive vice president now owns 41,020 shares of the company’s stock, valued at approximately $1,302,385. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey C. Grace sold 7,718 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.63, for a total transaction of $290,428.34. Following the transaction, the insider now directly owns 4,140 shares in the company, valued at approximately $155,788.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,749 shares of company stock worth $137,635,462 in the last three months. Insiders own 9.27% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its position in shares of Financial Engines by 58.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,195 shares of the asset manager’s stock worth $1,359,000 after purchasing an additional 11,476 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Financial Engines by 32.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 128,617 shares of the asset manager’s stock worth $5,601,000 after purchasing an additional 31,791 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Financial Engines during the 2nd quarter worth about $106,955,000. Scout Investments Inc. boosted its position in shares of Financial Engines by 32.6% during the 2nd quarter. Scout Investments Inc. now owns 49,600 shares of the asset manager’s stock worth $1,815,000 after purchasing an additional 12,200 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Financial Engines by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock worth $191,120,000 after acquiring an additional 261,539 shares during the last quarter.
Financial Engines Company Profile
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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