Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $36.64, for a total value of $549,600.00. Following the transaction, the chief executive officer now directly owns 214,427 shares of the company’s stock, 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.
FNGN has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Financial Engines currently has an average rating of “Buy” and an average target price of $56.00.
Financial Engines (NASDAQ:FNGN) traded down 1.89% on Thursday, hitting $35.82. The stock had a trading volume of 107,826 shares. Financial Engines has a 1-year low of $33.92 and a 1-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 $1.854 billion and a P/E ratio of 54.57.
Financial Engines (NASDAQ:FNGN) last released its earnings data 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 previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Monday, October 6th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend 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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