Financial Engines, Inc. (NASDAQ:FNGN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “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. “

Several other research firms have also recently weighed in on FNGN. Sidoti started coverage on Financial Engines in a research note on Monday, July 10th. They set a “buy” rating for the company. TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. BidaskClub cut Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Finally, DA Davidson started coverage on Financial Engines in a research note on Wednesday, June 21st. They set a “buy” rating and a $44.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.33.

Financial Engines (FNGN) traded up 1.90% during midday trading on Monday, reaching $34.95. The company had a trading volume of 300,807 shares. The firm has a 50-day moving average of $37.19 and a 200-day moving average of $39.66. Financial Engines has a 12 month low of $25.00 and a 12 month high of $45.75. The stock has a market cap of $2.21 billion, a P/E ratio of 53.77 and a beta of 2.22.

Financial Engines (NASDAQ:FNGN) last released its earnings results on Tuesday, August 8th. The asset manager reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.02. Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. The business had revenue of $118.47 million for the quarter, compared to the consensus estimate of $119.94 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities analysts expect that Financial Engines will post $1.37 EPS for the current fiscal year.

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In other news, EVP Christopher L. Jones sold 5,120 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $39.99, for a total transaction of $204,748.80. Following the completion of the transaction, the executive vice president now directly owns 65,209 shares in the company, valued at $2,607,707.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lewis Antone, Jr. sold 788 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $41.00, for a total transaction of $32,308.00. Following the transaction, the executive vice president now owns 4,294 shares of the company’s stock, valued at $176,054. The disclosure for this sale can be found here. Insiders have sold 29,503 shares of company stock valued at $1,142,964 over the last quarter. Company insiders own 15.97% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of Financial Engines by 6.0% in the first quarter. Russell Investments Group Ltd. now owns 157,686 shares of the asset manager’s stock valued at $6,867,000 after buying an additional 8,958 shares during the period. Strs Ohio increased its position in shares of Financial Engines by 109.1% in the first quarter. Strs Ohio now owns 2,300 shares of the asset manager’s stock valued at $100,000 after buying an additional 1,200 shares during the period. Glen Harbor Capital Management LLC increased its position in shares of Financial Engines by 0.8% in the first quarter. Glen Harbor Capital Management LLC now owns 22,368 shares of the asset manager’s stock valued at $974,000 after buying an additional 176 shares during the period. First Citizens Bank & Trust Co. bought a new position in shares of Financial Engines during the first quarter valued at about $206,000. Finally, Nationwide Fund Advisors increased its position in shares of Financial Engines by 17.8% in the first quarter. Nationwide Fund Advisors now owns 70,457 shares of the asset manager’s stock valued at $3,068,000 after buying an additional 10,622 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.

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