November 24, 2016 - By Hazel Jackson
Raymond Sims, EVP & CFO of Financial Engines Inc is the insider, OctaFinance want to tell you for. Mr. Raymond submitted an electronic form with the (SEC) informing the public of a transaction for 10,000 shares of the Pinksheet-listed Financial Engines Inc, the one he is an insider in. At the time of the trading deal, the average stock price of Financial Engines Inc was $35.0, making the deal worth $350,000 U.S. Dollars. Today, he holds 6,225 shares or roughly 0.01% of Financial Engines Inc’s total market capitalization.
Out of 4 analysts covering Financial Engines (NASDAQ:FNGN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $41 is the highest target while $34 is the lowest. The $34 average target is -3.22% below today’s ($35.13) stock price. Financial Engines has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James on Thursday, August 6 to “Underperform”. The firm has “Buy” rating given on Wednesday, September 9 by Jefferies. As per Tuesday, March 15, the company rating was initiated by Northland Capital. The stock of Financial Engines Inc (NASDAQ:FNGN) has “Hold” rating given on Tuesday, September 22 by TheStreet. The firm earned “Market Perform” rating on Tuesday, May 17 by Raymond James. The stock has “Buy” rating given by Jefferies on Tuesday, February 16.
Insitutional Activity: The institutional sentiment is 1.34 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as 14 funds sold all Financial Engines Inc shares owned while 48 reduced positions. only 16 funds bought stakes while 67 increased positions. They now own 68.50 million shares or 0.10% less from 68.57 million shares in 2016Q1.
Diam has 0.03% invested in the company for 71,400 shares. Citigroup Inc reported 21,750 shares or 0% of all its holdings. Louisiana State Employees Retirement Sys accumulated 0.03% or 23,400 shares. Da Davidson And last reported 5,433 shares in the company. State Bank Of Ny Mellon, a New York-based fund reported 615,072 shares. Huntington National Bank & Trust reported 3,622 shares or 0% of all its holdings. Aperio Grp Incorporated Lc last reported 8,128 shares in the company. Tcw holds 0.01% or 43,517 shares in its portfolio. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corporation has 0.05% invested in Financial Engines Inc (NASDAQ:FNGN) for 174,900 shares. Royal Bancorp Of Canada holds 0% or 8,400 shares in its portfolio. Tiaa Cref Inv Mngmt Limited Liability Corporation last reported 164,286 shares in the company. Ubs Asset Americas Inc last reported 0% of its portfolio in the stock. Ftb Advsr has invested 0% of its portfolio in Financial Engines Inc (NASDAQ:FNGN). Old Mutual Global Investors (Uk) Limited has 225 shares for 0% of their US portfolio. Great West Life Assurance Communication Can accumulated 4,734 shares or 0% of the stock.
Insider Transactions: Since July 20, 2016, the stock had 1 buying transaction, and 14 insider sales for $3.03 million net activity. On Tuesday, August 23 Raffone Lawrence M. sold $320,000 worth of the stock or 10,000 shares. Jones Christopher L. had sold 10,000 shares worth $282,300. Antone Lewis JR sold $32,160 worth of Financial Engines Inc (NASDAQ:FNGN) on Thursday, November 17. $350,000 worth of Financial Engines Inc (NASDAQ:FNGN) shares were sold by Sims Raymond J. $215,687 worth of Financial Engines Inc (NASDAQ:FNGN) was sold by Cheong Chung Meng on Thursday, November 17. Another trade for 5,000 shares valued at $159,931 was sold by FIELDS HEIDI. The insider Gamble Paul sold 976 shares worth $34,160.
About 276,104 shares traded hands. Financial Engines Inc (NASDAQ:FNGN) has risen 7.39% since April 22, 2016 and is uptrending. It has outperformed by 2.06% the S&P500.
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 plans. The company has a market cap of $2.26 billion. The Firm offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness. It has a 80.89 P/E ratio. It uses its advice technology platform to provide its services to millions of retirement plan participants.
According to Zacks Investment Research, “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.”
Analysts await Financial Engines Inc (NASDAQ:FNGN) to report earnings on February, 16. They expect $0.21 earnings per share, up 31.25% or $0.05 from last year’s $0.16 per share. FNGN’s profit will be $13.51M for 41.82 P/E if the $0.21 EPS becomes a reality. After $0.21 actual earnings per share reported by Financial Engines Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More news for Financial Engines Inc (NASDAQ:FNGN) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Berkley, Financial Engines and Leidos Holdings” on September 14, 2016. Investmentnews.com‘s article titled: “Another 401(k) record keeper sued over ‘pay to play’ scheme with Financial Engines” and published on November 11, 2016 is yet another important article.
Financial Engines, Inc., incorporated on March 17, 2008, is a well-known provider of 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 Firm offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness. The Firm uses its advice technology platform to provide its services to millions of retirement plan participants. The Company’s target over three constituencies in the retirement plan market, including plan participants (employees of companies offering 401(k) plans), plan sponsors (employers offering 401(k) plans to their employees) and plan providers (companies providing administrative services to plan sponsors).
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