Envestnet Inc (NYSE:ENV) Director Gayle A. Crowell sold 746 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $50.00, for a total value of $37,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Envestnet Inc (ENV) traded up $0.15 during mid-day trading on Friday, reaching $52.05. The company had a trading volume of 193,006 shares, compared to its average volume of 195,936. The firm has a market cap of $2,306.13, a PE ratio of 66.73, a PEG ratio of 2.81 and a beta of 1.91. Envestnet Inc has a 1 year low of $30.80 and a 1 year high of $55.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.90.
Envestnet (NYSE:ENV) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The firm had revenue of $175.61 million for the quarter, compared to analysts’ expectations of $171.57 million. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. equities research analysts predict that Envestnet Inc will post 0.89 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Envestnet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock valued at $105,446,000 after acquiring an additional 81,056 shares during the period. New York State Common Retirement Fund increased its position in Envestnet by 5.9% during the 2nd quarter. New York State Common Retirement Fund now owns 46,654 shares of the business services provider’s stock worth $1,847,000 after purchasing an additional 2,599 shares during the period. American Century Companies Inc. acquired a new position in Envestnet during the 3rd quarter worth approximately $2,505,000. UBS Asset Management Americas Inc. increased its position in Envestnet by 123.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,406 shares of the business services provider’s stock worth $966,000 after purchasing an additional 13,506 shares during the period. Finally, Stephens Investment Management Group LLC increased its position in Envestnet by 6.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,434,756 shares of the business services provider’s stock worth $73,173,000 after purchasing an additional 85,642 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Several research firms have recently weighed in on ENV. JMP Securities boosted their target price on Envestnet from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, September 26th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating on shares of Envestnet in a report on Monday, September 11th. Stifel Nicolaus restated a “buy” rating and issued a $52.00 price target on shares of Envestnet in a research report on Tuesday, September 26th. William Blair restated an “ourperform” rating on shares of Envestnet in a research report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Envestnet from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $55.13.
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Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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