Financial Engines Inc (FNGN) : Van Berkom Associates added new position in Financial Engines Inc during the most recent quarter end. The investment management firm now holds 1,003,389 shares of Financial Engines Inc which is valued at $33,262,345 , the company said in a statement filed on Apr 21, 2016 with the SEC.Financial Engines Inc makes up approximately 1.49% of Van Berkom Associates’s portfolio.
Financial Engines Inc closed down -0.42 points or -1.25% at $33.19 with 2,17,238 shares getting traded on Wednesday. Post opening the session at $33.44, the shares hit an intraday low of $32.82 and an intraday high of $33.61 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in FNGN during the most recent quarter. The investment firm sold 145,900 shares of FNGN which is valued $4,836,585.Gemmer Asset Management reduced its stake in FNGN by selling 26 shares or 22.41% in the most recent quarter. The Hedge Fund company now holds 90 shares of FNGN which is valued at $2,836. Gradient Investments sold out all of its stake in FNGN during the most recent quarter. The investment firm sold 11,294 shares of FNGN which is valued $355,874.
On the company’s financial health, Financial Engines Inc reported $0.24 EPS for the quarter, based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus estimate of $0.24. The company had revenue of $78.70 million for the quarter, compared to analysts expectations of $78.63 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Financial Engines Inc. Northland Capital Initiated Financial Engines Inc on Mar 15, 2016 to “Outperform”, Price Target of the shares are set at $34.Shares were Reiterated by Jefferies on Feb 16, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $41 .
Financial Engines Inc. is a provider of independent technology-enabled portfolio management services investment advice and retirement income services to participants in employer-sponsored defined contribution plans such as 401(k) plans. The Company offers personalized plans for saving investing and generating retirement income as well as by providing assessments of retirement income needs and readiness. Its services include professional management online advice retirement evaluation and social security. Its Professional Management is a discretionary managed account service designed for plan participants. Its Financial Engines Income+ is a feature of Professional Management that manages portfolios to generate income and calculates and facilitates the potential payment of steady recurring payouts from those portfolios in retirement for plans where Income+ is available. Its Online Advice service is a nondiscretionary Internet-based service designed for plan participants.