Insider Selling: Financial Engines CEO Unloads 15,000 Shares of Stock (FNGN)

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Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda unloaded 15,000 shares of Financial Engines stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $39.07, for a total value of $586,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

FNGN has been the subject of a number of recent research reports. Analysts at Sidoti upgraded shares of Financial Engines from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Separately, 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. Finally, analysts at Needham & Company LLC raised their price target on shares of Financial Engines from $60.00 to $66.00 in a research note on Friday, February 21st.

Financial Engines (NASDAQ:FNGN) opened at 39.86 on Thursday. Financial Engines has a one year low of $37.14 and a one year high of $71.08. The stock’s 50-day moving average is $44.26 and its 200-day moving average is $57.44. The company has a market cap of $2.051 billion and a price-to-earnings ratio of 64.74.

Financial Engines (NASDAQ:FNGN) last released its earnings data on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend 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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