Financial Engines (NASDAQ:FNGN) EVP Christopher Jones sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $61.56, for a total value of $307,800.00. Following the transaction, the executive vice president now directly owns 61,562 shares in the company, valued at approximately $3,789,757. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Needham & Company raised their price target on shares of Financial Engines (NASDAQ:FNGN) from $45.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Financial Engines (NASDAQ:FNGN) opened at 61.04 on Friday. Financial Engines has a 1-year low of $22.70 and a 1-year high of $63.66. The stock has a 50-day moving average of $56.17 and a 200-day moving average of $45.3. The company has a market cap of $3.032 billion and a price-to-earnings ratio of 132.70.
Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, August 1st. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.16. The company had revenue of $57.80 million for the quarter, compared to the consensus estimate of $50.83 million. During the same quarter last year, the company posted $0.11 earnings per share. Financial Engines’s revenue was up 30.5% compared to the same quarter last year. Analysts expect that Financial Engines will post $0.71 EPS for the current fiscal year.
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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