Financial Engines Inc. (NASDAQ:FNGN) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Financial Engines Inc. (NASDAQ:FNGN) reported that Warburg Pincus Private Equity X, L.p. has picked up 7,963,465 of common stock as of 2017-03-08.

The acquisition brings the aggregate amount owned by Warburg Pincus Private Equity X, L.p. to a total of 7,963,465 representing a 12.8% stake in the company.

For those not familiar with the company, Financial Engines, Inc. provides 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. It uses its advice technology platform to provide its services to millions of retirement plan participants. Its target over three constituencies in the retirement plan market, including plan participants (employees of companies offering 401(k) plans), plan sponsors (employers offering 401(k) plans to their employees) and plan providers (companies providing administrative services to plan sponsors). It offers Financial Engines Income+, which prepares a portfolio to generate income in retirement, and calculates and facilitates the payment of steady recurring payouts throughout retirement.

A glance at Financial Engines Inc. (NASDAQ:FNGN)’s key stats reveals a current market capitalization of 2.51 Billion based on 62.22 Million shares outstanding and a price at last close of $42.75 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-07-20, Jones picked up 186 at a purchase price of $7.50. This brings their total holding to 101,564 as of the date of the filing.

On the sell side, the most recent transaction saw Grundfest unload 50,000 shares at a sale price of $45.30. This brings their total holding to 160,000.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Financial Engines Inc. (NASDAQ:FNGN) as things move forward to see if its progress aligns with these transactions.

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Author: Richard Schwarz

Richard Schwarz is a veteran analyst in the small cap space, with a particular focus on the development stage biotech sector. He is a native of Canada, and attended NYU before working for a host of big name pharma outfits.

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