California Public Employees Retirement System increased its stake in Financial Engines Inc. (NASDAQ:FNGN) by 14.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,100 shares of the company’s stock after buying an additional 10,200 shares during the period. California Public Employees Retirement System owned about 0.13% of Financial Engines worth $2,098,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. DIAM Co. Ltd. increased its position in Financial Engines by 19.4% in the second quarter. DIAM Co. Ltd. now owns 71,400 shares of the company’s stock valued at $1,782,000 after buying an additional 11,582 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Financial Engines by 10.1% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 174,900 shares of the company’s stock valued at $4,525,000 after buying an additional 16,100 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Financial Engines during the second quarter valued at about $7,511,000. Swiss National Bank increased its position in Financial Engines by 1.7% in the second quarter. Swiss National Bank now owns 88,400 shares of the company’s stock valued at $2,287,000 after buying an additional 1,500 shares during the last quarter. Finally, Suntrust Banks Inc. bought a new position in Financial Engines during the second quarter valued at about $303,000.
Financial Engines Inc. (NASDAQ:FNGN) traded down 0.218% during mid-day trading on Wednesday, reaching $29.705. 108,486 shares of the company were exchanged. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 61.501 and a beta of 1.91. Financial Engines Inc. has a 12-month low of $23.22 and a 12-month high of $40.00. The company’s 50 day moving average price is $30.68 and its 200-day moving average price is $29.01.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm earned $106.20 million during the quarter, compared to analysts’ expectations of $103.16 million. Financial Engines had a net margin of 7.75% and a return on equity of 7.20%. The company’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 earnings per share. On average, equities research analysts forecast that Financial Engines Inc. will post $1.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, September 16th. Financial Engines’s dividend payout ratio is currently 57.14%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Financial Engines from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Jefferies Group reissued a “buy” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. Finally, William Blair reissued an “outperform” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Financial Engines presently has an average rating of “Buy” and an average price target of $33.67.
In other Financial Engines news, CEO Lawrence M. Raffone sold 7,683 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $32.06, for a total value of $246,316.98. Following the completion of the sale, the chief executive officer now owns 35,910 shares in the company, valued at $1,151,274.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher L. Jones sold 10,000 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $30.66, for a total transaction of $306,600.00. Following the completion of the sale, the executive vice president now owns 81,564 shares of the company’s stock, valued at approximately $2,500,752.24. The disclosure for this sale can be found here. 15.97% of the stock is currently owned by company insiders.
Financial Engines Company Profile
Financial Engines, Inc provides independent, technology-enabled portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans. 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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