Shares of Financial Engines Inc (NASDAQ:FNGN) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.75.

A number of equities analysts have issued reports on FNGN shares. DA Davidson reiterated a “buy” rating and set a $38.00 price target on shares of Financial Engines in a research note on Monday, November 6th. Northland Securities reissued a “buy” rating on shares of Financial Engines in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, November 2nd. BidaskClub raised shares of Financial Engines from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group reissued a “buy” rating and set a $38.00 target price on shares of Financial Engines in a research report on Wednesday, January 17th.

Financial Engines (NASDAQ:FNGN) opened at $28.00 on Tuesday. The stock has a market capitalization of $1,753.89, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.89. Financial Engines has a 12 month low of $24.45 and a 12 month high of $45.75.

Financial Engines declared that its board has approved a stock buyback program on Thursday, November 2nd that permits the company to buyback $60.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Blake R. Grossman purchased 18,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of $28.71 per share, with a total value of $516,780.00. Following the acquisition, the director now owns 43,726 shares of the company’s stock, valued at approximately $1,255,373.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lawrence M. Raffone purchased 15,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was bought at an average cost of $28.54 per share, for a total transaction of $428,100.00. Following the acquisition, the chief executive officer now directly owns 66,540 shares in the company, valued at approximately $1,899,051.60. The disclosure for this purchase can be found here. 9.27% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its holdings in shares of Financial Engines by 11.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock worth $188,000 after purchasing an additional 520 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Financial Engines by 3.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 32,230 shares of the asset manager’s stock worth $1,180,000 after purchasing an additional 1,035 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Financial Engines by 1.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 69,255 shares of the asset manager’s stock worth $2,535,000 after purchasing an additional 1,081 shares during the period. California Public Employees Retirement System raised its holdings in shares of Financial Engines by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 58,000 shares of the asset manager’s stock worth $2,123,000 after purchasing an additional 1,100 shares during the period. Finally, OLD National Bancorp IN raised its holdings in shares of Financial Engines by 26.1% in the 3rd quarter. OLD National Bancorp IN now owns 8,463 shares of the asset manager’s stock worth $294,000 after purchasing an additional 1,754 shares during the period.

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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.

Analyst Recommendations for Financial Engines (NASDAQ:FNGN)

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