Elk Creek Partners LLC Decreases Stake in Financial Engines, Inc. (FNGN)

Elk Creek Partners LLC lowered its position in shares of Financial Engines, Inc. (NASDAQ:FNGN) by 9.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 300,682 shares of the asset manager’s stock after selling 31,002 shares during the quarter. Elk Creek Partners LLC owned about 0.48% of Financial Engines worth $11,005,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of FNGN. Strs Ohio grew its holdings in shares of Financial Engines by 109.1% during the 1st quarter. Strs Ohio now owns 2,300 shares of the asset manager’s stock worth $100,000 after purchasing an additional 1,200 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Financial Engines by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock worth $113,000 after purchasing an additional 464 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of Financial Engines by 82.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock worth $167,000 after purchasing an additional 2,061 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Financial Engines during the 1st quarter worth about $201,000. Finally, Blueport Capital L.P. grew its holdings in shares of Financial Engines by 7.5% during the 1st quarter. Blueport Capital L.P. now owns 5,381 shares of the asset manager’s stock worth $234,000 after purchasing an additional 375 shares during the period.

Financial Engines, Inc. (NASDAQ:FNGN) traded down 0.31% during trading on Friday, reaching $31.85. The company’s stock had a trading volume of 584,699 shares. The stock’s 50-day moving average is $33.98 and its 200 day moving average is $38.47. Financial Engines, Inc. has a 52-week low of $25.00 and a 52-week high of $45.75. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 49.00 and a beta of 2.22.

Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, August 8th. The asset manager reported $0.23 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $118.47 million for the quarter, compared to analysts’ expectations of $119.94 million. During the same period last year, the business 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, analysts predict that Financial Engines, Inc. will post $1.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Tuesday, September 19th. Financial Engines’s payout ratio is 43.75%.

In related news, Director Michael E. Martin sold 4,109,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $33.05, for a total value of $135,806,680.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey C. Grace sold 7,718 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.63, for a total value of $290,428.34. Following the completion of the transaction, the insider now directly owns 4,140 shares in the company, valued at $155,788.20. The disclosure for this sale can be found here. Insiders sold a total of 4,127,042 shares of company stock worth $136,472,855 over the last three months. 15.97% of the stock is owned by company insiders.

A number of analysts have recently issued reports on the company. Barclays PLC assumed coverage on Financial Engines in a report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price for the company. Zacks Investment Research cut Financial Engines from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Sidoti assumed coverage on Financial Engines in a report on Monday, July 10th. They set a “buy” rating for the company. BidaskClub cut Financial Engines from a “sell” rating to a “strong sell” rating in a report on Saturday, July 1st. Finally, DA Davidson assumed coverage on Financial Engines in a report on Wednesday, June 21st. They set a “buy” rating and a $44.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $42.75.

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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.

Institutional Ownership by Quarter for Financial Engines (NASDAQ:FNGN)

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