Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of the company’s stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $43.28, for a total transaction of $649,200.00. Following the completion of the sale, the chief executive officer now directly owns 214,427 shares of the company’s stock, valued at approximately $9,280,401. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Financial Engines (NASDAQ:FNGN) traded down 0.37% during mid-day trading on Friday, hitting $42.84. 275,690 shares of the company’s stock traded hands. Financial Engines has a 1-year low of $37.14 and a 1-year high of $71.08. The stock has a 50-day moving average of $44.05 and a 200-day moving average of $53.45. The company has a market cap of $2.204 billion and a P/E ratio of 71.79.
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.
FNGN has been the subject of a number of recent research reports. Analysts at Raymond James initiated coverage on shares of Financial Engines in a research note on Tuesday. They set an “underperform” rating on the stock. Separately, analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, analysts at Sidoti upgraded shares of Financial Engines from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.
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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