Renaissance Technologies LLC cut its stake in Financial Engines Inc (NASDAQ:FNGN) by 29.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 297,200 shares of the company’s stock after selling 122,400 shares during the period. Renaissance Technologies LLC’s holdings in Financial Engines were worth $10,922,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in FNGN. Dimensional Fund Advisors LP boosted its position in shares of Financial Engines by 73.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 301,593 shares of the company’s stock valued at $11,084,000 after buying an additional 127,938 shares in the last quarter. State Street Corp boosted its position in shares of Financial Engines by 2.6% in the fourth quarter. State Street Corp now owns 1,197,915 shares of the company’s stock valued at $44,017,000 after buying an additional 30,566 shares in the last quarter. Comerica Bank boosted its position in shares of Financial Engines by 5.7% in the fourth quarter. Comerica Bank now owns 56,892 shares of the company’s stock valued at $2,068,000 after buying an additional 3,054 shares in the last quarter. Radnor Capital Management LLC acquired a new position in shares of Financial Engines during the fourth quarter valued at about $529,000. Finally, Cadence Capital Management LLC boosted its position in shares of Financial Engines by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 34,558 shares of the company’s stock valued at $1,270,000 after buying an additional 848 shares in the last quarter.
Financial Engines Inc (NASDAQ:FNGN) opened at 41.10 on Tuesday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 89.35 and a beta of 1.92. The stock has a 50 day moving average of $41.03 and a 200 day moving average of $34.77. Financial Engines Inc has a 52-week low of $23.56 and a 52-week high of $45.75.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $113.22 million for the quarter, compared to analyst estimates of $112.88 million. Financial Engines had a return on equity of 7.03% and a net margin of 6.74%. The firm’s quarterly revenue was up 43.8% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. On average, equities research analysts forecast that Financial Engines Inc will post $1.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 22nd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, March 20th. This represents a $0.28 annualized dividend and a yield of 0.68%. Financial Engines’s dividend payout ratio (DPR) is 63.64%.
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Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Jefferies Group LLC set a $47.00 price objective on shares of Financial Engines and gave the stock a “buy” rating in a research note on Saturday, February 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research note on Friday, February 24th.
In related news, insider Jeffrey C. Grace sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $37.05, for a total transaction of $111,150.00. Following the transaction, the insider now owns 19,346 shares in the company, valued at approximately $716,769.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelly O’donnell sold 2,014 shares of the company’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $38.50, for a total transaction of $77,539.00. Following the transaction, the executive vice president now owns 12,090 shares in the company, valued at approximately $465,465. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,256,560 shares of company stock worth $186,537,190. 15.97% of the stock is owned by corporate insiders.
Financial Engines Company Profile
Financial Engines, Inc provides independent, technology-enabled portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans. 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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