Financial Engines, Inc. (NASDAQ:FNGN) had its price target reduced by investment analysts at Barclays PLC from $38.00 to $30.00 in a note issued to investors on Monday. The firm presently has an “overweight” rating on the asset manager’s stock. Barclays PLC’s price objective points to a potential upside of 7.53% from the company’s current price.

FNGN has been the subject of a number of other reports. Zacks Investment Research lowered Financial Engines from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. William Blair lowered Financial Engines from an “outperform” rating to a “market perform” rating in a research note on Friday. Northland Securities reissued a “buy” rating on shares of Financial Engines in a research note on Friday. UBS AG lowered Financial Engines to an “underperform” rating in a research note on Friday. Finally, DA Davidson reissued a “buy” rating and set a $38.00 price target on shares of Financial Engines in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.50.

Financial Engines (NASDAQ:FNGN) traded up $1.30 during midday trading on Monday, hitting $27.90. The stock had a trading volume of 460,469 shares, compared to its average volume of 439,941. The stock has a market cap of $1,684.24, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.80 and a beta of 2.25.

Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The company had revenue of $122.20 million during the quarter, compared to analyst estimates of $124.11 million. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. equities analysts predict that Financial Engines will post 1.04 earnings per share for the current year.

Financial Engines announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $60.00 million in outstanding shares. This buyback authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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In other Financial Engines news, insider Jeffrey C. Grace sold 6,180 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $37.00, for a total transaction of $228,660.00. Following the sale, the insider now directly owns 9,414 shares in the company, valued at $348,318. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael Jerome Campbell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $31.75, for a total value of $63,500.00. Following the sale, the executive vice president now owns 41,020 shares in the company, valued at $1,302,385. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,152,031 shares of company stock worth $137,345,033. Company insiders own 9.27% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Financial Engines by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock worth $113,000 after buying an additional 464 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Financial Engines by 82.4% in the second quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock worth $167,000 after buying an additional 2,061 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Financial Engines by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock worth $188,000 after buying an additional 520 shares during the period. Shelton Capital Management purchased a new stake in shares of Financial Engines in the second quarter worth approximately $208,000. Finally, Wrapmanager Inc. raised its holdings in shares of Financial Engines by 24.1% in the second quarter. Wrapmanager Inc. now owns 6,435 shares of the asset manager’s stock worth $236,000 after buying an additional 1,251 shares during the period.

Financial Engines Company Profile

Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.

Analyst Recommendations for Financial Engines (NASDAQ:FNGN)

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