Financial Engines Inc (NASDAQ:FNGN) – Jefferies Group raised their FY2017 earnings per share estimates for Financial Engines in a research report issued on Wednesday. Jefferies Group analyst S. Thind now forecasts that the asset manager will post earnings of $1.03 per share for the year, up from their previous estimate of $1.02. Jefferies Group has a “Buy” rating and a $38.00 price objective on the stock.

Several other research firms also recently weighed in on FNGN. TheStreet downgraded shares of Financial Engines from a “b-” rating to a “c” rating in a research report on Friday, November 24th. Raymond James Financial reissued an “underperform” rating on shares of Financial Engines in a research report on Friday, November 3rd. DA Davidson reissued a “buy” rating and issued a $38.00 target price on shares of Financial Engines in a research report on Monday, November 6th. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, October 10th. Finally, BidaskClub raised shares of Financial Engines from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.00.

Financial Engines (FNGN) opened at $29.75 on Thursday. The firm has a market cap of $1,852.04, a P/E ratio of 38.64, a PEG ratio of 1.64 and a beta of 2.15. Financial Engines has a 1 year low of $24.45 and a 1 year high of $45.75.

Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $124.11 million. Financial Engines had a net margin of 10.56% and a return on equity of 7.60%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its position in Financial Engines by 4.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 298,856 shares of the asset manager’s stock valued at $9,056,000 after purchasing an additional 11,897 shares in the last quarter. California Public Employees Retirement System grew its position in Financial Engines by 4.0% during the third quarter. California Public Employees Retirement System now owns 60,337 shares of the asset manager’s stock valued at $2,097,000 after purchasing an additional 2,337 shares in the last quarter. Bamco Inc. NY grew its position in Financial Engines by 6.3% during the third quarter. Bamco Inc. NY now owns 4,581,002 shares of the asset manager’s stock valued at $159,190,000 after purchasing an additional 269,500 shares in the last quarter. Highbridge Capital Management LLC grew its position in Financial Engines by 208.6% during the third quarter. Highbridge Capital Management LLC now owns 25,772 shares of the asset manager’s stock valued at $895,000 after purchasing an additional 17,421 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Financial Engines by 10.7% during the third quarter. Janus Henderson Group PLC now owns 3,235,665 shares of the asset manager’s stock valued at $112,439,000 after purchasing an additional 313,400 shares in the last quarter.

In related news, CEO Lawrence M. Raffone acquired 15,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average cost of $28.54 per share, with a total value of $428,100.00. Following the completion of the transaction, the chief executive officer now owns 66,540 shares of the company’s stock, valued at approximately $1,899,051.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey C. Grace sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $37.00, for a total transaction of $74,000.00. Following the transaction, the insider now directly owns 5,234 shares in the company, valued at $193,658. The disclosure for this sale can be found here. Insiders have sold 15,431 shares of company stock worth $567,364 over the last ninety days. 9.27% of the stock is currently owned by insiders.

Financial Engines declared that its Board of Directors has approved a share buyback 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 repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 14th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Wednesday, December 13th. Financial Engines’s dividend payout ratio (DPR) is currently 36.36%.

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About Financial Engines

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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