Financial Engines Inc (FNGN) is Upgraded by Raymond James to Mkt Perform

Financial Engines Inc (FNGN) was Upgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Raymond James advised their investors in a research report released on May 17, 2016.

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.

On the company’s financial health, Financial Engines Inc reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.23. The company had revenue of $92.06 million for the quarter, compared to analysts expectations of $90.86 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Financial Engines Inc closed down -0.3 points or -1.15% at $25.9 with 4,74,957 shares getting traded on Monday. Post opening the session at $26.15, the shares hit an intraday low of $25.84 and an intraday high of $26.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 3, 2016, Lawrence M. Raffone (CEO & President) sold 18,667 shares at $31.79 per share price. According to the SEC, on Apr 26, 2016, Paul Gamble (EVP, Distrib & Inst Services) sold 3,825 shares at $32.66 per share price. On Apr 22, 2016, Michael Jerome Campbell (EVP, Technology) sold 5,551 shares at $33.40 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Financial Engines Inc

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