Financial Engines CEO Sells $606,300 in Stock (FNGN)

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Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of Financial Engines stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $40.42, for a total value of $606,300.00. Following the transaction, the chief executive officer now directly owns 214,427 shares of the company’s stock, valued at approximately $8,667,139. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on FNGN shares. Analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Separately, analysts at Sidoti upgraded shares of Financial Engines from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Finally, analysts at Needham & Company LLC cut their price target on shares of Financial Engines from $66.00 to $52.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock.

Shares of Financial Engines (NASDAQ:FNGN) traded up 1.79% during mid-day trading on Friday, hitting $44.115. 79,312 shares of the company’s stock traded hands. Financial Engines has a 52 week low of $37.14 and a 52 week high of $71.08. The stock has a 50-day moving average of $42. and a 200-day moving average of $56.22. The company has a market cap of $2.270 billion and a price-to-earnings ratio of 72.35.

Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.02. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $67.28 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Analysts expect that Financial Engines will post $0.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Stockholders of record on Friday, June 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, June 11th.

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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