Financial Engines Inc (NASDAQ:FNGN) – Analysts at Jefferies Group boosted their FY2017 EPS estimates for Financial Engines in a note issued to investors on Wednesday. Jefferies Group analyst S. Thind now anticipates that the asset manager will post earnings per share of $1.03 for the year, up from their previous forecast of $1.02. Jefferies Group currently has a “Buy” rating and a $38.00 target price on the stock.

Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $124.11 million. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share.

A number of other brokerages have also recently issued reports on FNGN. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, October 10th. Raymond James Financial reiterated an “underperform” rating on shares of Financial Engines in a research note on Friday, November 3rd. William Blair lowered Financial Engines from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Barclays lowered Financial Engines from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $30.00 to $33.00 in a report on Monday, January 8th. Finally, BidaskClub raised Financial Engines from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $37.00.

Financial Engines (NASDAQ FNGN) opened at $29.75 on Thursday. The stock has a market capitalization of $1,852.04, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 1.64 and a beta of 2.15. Financial Engines has a one year low of $24.45 and a one year high of $45.75.

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its holdings in shares of Financial Engines by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock worth $113,000 after acquiring an additional 464 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of Financial Engines by 82.4% in the second quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock worth $167,000 after acquiring an additional 2,061 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Financial Engines by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock worth $188,000 after acquiring an additional 520 shares during the period. Quantbot Technologies LP bought a new stake in shares of Financial Engines in the third quarter worth $206,000. Finally, Shelton Capital Management bought a new stake in shares of Financial Engines in the second quarter worth $208,000.

In other news, Director Blake R. Grossman acquired 18,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was bought at an average price of $28.71 per share, with a total value of $516,780.00. Following the completion of the acquisition, the director now directly owns 43,726 shares of the company’s stock, valued at approximately $1,255,373.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lawrence M. Raffone acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of $28.54 per share, with a total value of $428,100.00. Following the acquisition, the chief executive officer now directly owns 66,540 shares of the company’s stock, valued at $1,899,051.60. The disclosure for this purchase can be found here. In the last three months, insiders sold 15,431 shares of company stock valued at $567,364. Corporate insiders own 9.27% of the company’s stock.

Financial Engines announced that its Board of Directors has approved a stock buyback program on Thursday, November 2nd that permits the company to repurchase $60.00 million in shares. This repurchase authorization permits the asset manager to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 14th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Wednesday, December 13th. Financial Engines’s payout ratio is 36.36%.

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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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