New York State Teachers Retirement System continued to hold its position in shares of Financial Engines Inc. (NASDAQ:FNGN) during the second quarter, Holdings Channel reports. The institutional investor owned 75,383 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Financial Engines were worth $1,950,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in FNGN. BlackRock Inc. boosted its stake in Financial Engines by 100.3% in the first quarter. BlackRock Inc. now owns 3,977 shares of the company’s stock valued at $125,000 after buying an additional 1,991 shares in the last quarter. Royal Bank of Canada boosted its stake in Financial Engines by 1.6% in the first quarter. Royal Bank of Canada now owns 8,381 shares of the company’s stock valued at $263,000 after buying an additional 136 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Financial Engines by 114.7% in the second quarter. BNP Paribas Arbitrage SA now owns 16,539 shares of the company’s stock valued at $428,000 after buying an additional 8,836 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Financial Engines by 9.5% in the second quarter. Capstone Asset Management Co. now owns 18,473 shares of the company’s stock valued at $478,000 after buying an additional 1,610 shares in the last quarter. Finally, Menta Capital LLC boosted its stake in Financial Engines by 19.9% in the first quarter. Menta Capital LLC now owns 34,931 shares of the company’s stock valued at $1,098,000 after buying an additional 5,800 shares in the last quarter.
Financial Engines Inc. (NASDAQ:FNGN) traded up 0.14% during midday trading on Friday, reaching $28.23. 191,324 shares of the company traded hands. The company has a 50 day moving average of $30.12 and a 200-day moving average of $28.98. The stock has a market capitalization of $1.74 billion, a P/E ratio of 58.45 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.
Financial Engines (NASDAQ:FNGN) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm earned $106.20 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. Equities analysts anticipate that Financial Engines Inc. will post $1.10 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 16th. Financial Engines’s payout ratio is currently 57.14%.
Several equities research analysts recently commented on FNGN shares. Jefferies Group reaffirmed a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, October 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Financial Engines has an average rating of “Buy” and a consensus price target of $32.33.
In other news, Director Heidi Fields sold 5,000 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $31.99, for a total transaction of $159,950.00. Following the completion of the sale, the director now directly owns 11,231 shares in the company, valued at $359,279.69. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher L. Jones sold 10,000 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $29.88, for a total transaction of $298,800.00. Following the sale, the executive vice president now owns 88,035 shares of the company’s stock, valued at $2,630,485.80. The disclosure for this sale can be found here. Insiders own 15.97% of the company’s stock.
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.
Want to see what other hedge funds are holding FNGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Financial Engines Inc. (NASDAQ:FNGN).
Receive News & Ratings for Financial Engines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Engines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.