Financial Engines (NASDAQ:FNGN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Financial Engines, Inc. is an independent investment advisor that provides personalized retirement plans for saving, investing, and retirement income. Financial Engines offers both online advice and professional management to meet the needs of different investors. Its services include Professional Management, a discretionary managed account service designed for plan participants who want personalized and professional portfolio management services, investment advice, and retirement help from an independent investment advisor; Online Advice, a nondiscretionary Internet-based service that offers personalized advice to plan participants who wish to take an active role in personally managing their retirement portfolios; and Retirement Evaluation, a retirement readiness assessment provided to plan participants upon plan rollout. Financial Engines, Inc. is headquartered in Palo Alto, California. “
A number of other brokerages have also recently weighed in on FNGN. William Blair cut shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Monday, April 30th. Raymond James raised shares of Financial Engines from an “underperform” rating to a “market perform” rating in a research report on Monday, April 30th. Jefferies Group cut shares of Financial Engines from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. ValuEngine raised shares of Financial Engines from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Finally, DA Davidson cut shares of Financial Engines from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $38.00 to $45.00 in a research report on Tuesday, May 8th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Financial Engines presently has an average rating of “Hold” and a consensus price target of $37.50.
Shares of NASDAQ FNGN opened at $44.60 on Thursday. The firm has a market cap of $2.84 billion, a PE ratio of 43.30, a PEG ratio of 2.50 and a beta of 1.47. Financial Engines has a twelve month low of $24.45 and a twelve month high of $44.95.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Wednesday, May 9th. The asset manager reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $127.80 million for the quarter, compared to analysts’ expectations of $126.28 million. Financial Engines had a net margin of 10.53% and a return on equity of 8.80%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. research analysts anticipate that Financial Engines will post 1.38 EPS for the current year.
In related news, COO John Bunch sold 10,000 shares of the firm’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $44.40, for a total transaction of $444,000.00. Following the sale, the chief operating officer now directly owns 28,754 shares in the company, valued at $1,276,677.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gina M. Cruse sold 3,010 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.45, for a total transaction of $106,704.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,582 shares of company stock worth $1,259,166. 3.00% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of FNGN. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Financial Engines by 376.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,860 shares of the asset manager’s stock worth $117,000 after acquiring an additional 3,050 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Financial Engines during the first quarter worth $134,000. Quantum Capital Management acquired a new stake in shares of Financial Engines during the first quarter worth $202,000. Quadrature Capital Ltd acquired a new stake in shares of Financial Engines during the first quarter worth $210,000. Finally, Quantbot Technologies LP raised its holdings in shares of Financial Engines by 90.3% during the first quarter. Quantbot Technologies LP now owns 6,222 shares of the asset manager’s stock worth $217,000 after acquiring an additional 2,953 shares during the period.
Financial Engines Company Profile
Financial Engines, Inc provides independent technology-enabled financial advisory, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance services in the United States. It assists individuals to develop a strategy to reach financial goals by offering a set of services, including personalized plans for saving and investing, assessments of retirement income, and the option to meet face-to-face with a financial advisor.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Financial Engines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Engines and related companies with MarketBeat.com's FREE daily email newsletter.