Financial Engines Inc (NASDAQ:FNGN) – Stock analysts at DA Davidson increased their Q1 2018 EPS estimates for Financial Engines in a research note issued to investors on Thursday, Zacks Investment Research reports. DA Davidson analyst P. Heckmann now forecasts that the asset manager will post earnings of $0.34 per share for the quarter, up from their prior forecast of $0.28. DA Davidson has a “Buy” rating and a $38.00 price objective on the stock. DA Davidson also issued estimates for Financial Engines’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.37 EPS and Q4 2018 earnings at $0.37 EPS.
Financial Engines (NASDAQ:FNGN) last released its earnings results on Thursday, February 22nd. The asset manager reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Financial Engines had a net margin of 9.71% and a return on equity of 8.12%. The firm had revenue of $125.69 million during the quarter, compared to analyst estimates of $126.49 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis.
Several other equities analysts have also issued reports on FNGN. BidaskClub upgraded shares of Financial Engines from a “hold” rating to a “buy” rating in a report on Saturday. William Blair upgraded shares of Financial Engines from a “market perform” rating to an “outperform” rating in a report on Friday. They noted that the move was a valuation call. ValuEngine lowered shares of Financial Engines from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. TheStreet lowered shares of Financial Engines from a “b-” rating to a “c” rating in a report on Friday, November 24th. Finally, Zacks Investment Research lowered shares of Financial Engines from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Financial Engines currently has a consensus rating of “Buy” and an average target price of $35.75.
Financial Engines (NASDAQ FNGN) traded up $8.35 during mid-day trading on Friday, hitting $38.30. 1,855,183 shares of the stock traded hands, compared to its average volume of 368,856. Financial Engines has a 1 year low of $24.45 and a 1 year high of $45.75. The stock has a market capitalization of $1,888.69, a price-to-earnings ratio of 52.47, a price-to-earnings-growth ratio of 1.52 and a beta of 1.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.08 per share. This is an increase from Financial Engines’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. Financial Engines’s payout ratio is presently 38.36%.
Financial Engines announced that its Board of Directors has approved a stock repurchase program on Thursday, November 2nd that authorizes the company to repurchase $60.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other Financial Engines news, Director Blake R. Grossman acquired 18,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of $28.71 per share, with a total value of $516,780.00. Following the transaction, the director now directly owns 43,726 shares in the company, valued at approximately $1,255,373.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lawrence M. Raffone bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of $28.54 per share, with a total value of $428,100.00. Following the acquisition, the chief executive officer now directly owns 66,540 shares in the company, valued at approximately $1,899,051.60. The disclosure for this purchase can be found here. Insiders own 9.27% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its holdings in Financial Engines by 11.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock worth $188,000 after buying an additional 520 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Financial Engines by 3.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 32,230 shares of the asset manager’s stock worth $1,180,000 after buying an additional 1,035 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Financial Engines by 1.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 69,255 shares of the asset manager’s stock worth $2,535,000 after buying an additional 1,081 shares during the period. California Public Employees Retirement System boosted its holdings in Financial Engines by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 58,000 shares of the asset manager’s stock worth $2,123,000 after buying an additional 1,100 shares during the period. Finally, OLD National Bancorp IN boosted its holdings in Financial Engines by 26.1% in the 3rd quarter. OLD National Bancorp IN now owns 8,463 shares of the asset manager’s stock worth $294,000 after buying an additional 1,754 shares during the period.
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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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