Financial Engines, Inc. (NASDAQ:FNGN) – Stock analysts at William Blair raised their FY2017 earnings per share estimates for shares of Financial Engines in a research report issued on Wednesday. William Blair analyst R. Napoli now forecasts that the asset manager will earn $1.02 per share for the year, up from their prior estimate of $1.00. William Blair also issued estimates for Financial Engines’ FY2018 earnings at $1.17 EPS and FY2019 earnings at $1.40 EPS.
A number of other equities research analysts have also recently commented on FNGN. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, April 25th. TheStreet raised shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. DA Davidson initiated coverage on shares of Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price objective on the stock. BidaskClub lowered shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Finally, Sidoti initiated coverage on shares of Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Financial Engines has a consensus rating of “Buy” and an average price target of $44.33.
Shares of Financial Engines (FNGN) opened at 34.30 on Monday. The firm’s 50-day moving average is $37.26 and its 200 day moving average is $39.67. Financial Engines has a 12 month low of $25.00 and a 12 month high of $45.75. The company has a market capitalization of $2.17 billion, a PE ratio of 52.77 and a beta of 2.22.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by $0.02. Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. The business had revenue of $118.47 million for the quarter, compared to the consensus estimate of $119.94 million. During the same period last year, the firm earned $0.28 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, September 19th. Financial Engines’s dividend payout ratio (DPR) is 43.75%.
In other Financial Engines news, insider Jeffrey C. Grace sold 2,874 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $39.55, for a total value of $113,666.70. Following the transaction, the insider now directly owns 14,732 shares of the company’s stock, valued at $582,650.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey C. Grace sold 7,718 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $37.63, for a total transaction of $290,428.34. Following the completion of the transaction, the insider now directly owns 4,140 shares in the company, valued at $155,788.20. The disclosure for this sale can be found here. Insiders sold 29,503 shares of company stock worth $1,142,964 over the last ninety days. Insiders own 15.97% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNGN. Dimensional Fund Advisors LP raised its position in Financial Engines by 73.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 301,593 shares of the asset manager’s stock worth $11,084,000 after buying an additional 127,938 shares during the last quarter. Norges Bank purchased a new position in Financial Engines during the fourth quarter worth $14,487,000. Teachers Advisors LLC raised its position in Financial Engines by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 87,945 shares of the asset manager’s stock worth $3,232,000 after buying an additional 1,497 shares during the last quarter. Bank of Montreal Can raised its position in Financial Engines by 9.3% in the first quarter. Bank of Montreal Can now owns 9,332 shares of the asset manager’s stock worth $406,000 after buying an additional 797 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Financial Engines by 8.9% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the asset manager’s stock worth $1,015,000 after buying an additional 1,900 shares during the last quarter.
About Financial Engines
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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