Envestnet Inc. (NYSE:ENV) CEO Judson Bergman sold 20,000 shares of Envestnet stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $38.33, for a total value of $766,600.00. Following the sale, the chief executive officer now directly owns 669,106 shares in the company, valued at $25,646,832.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Envestnet Inc. (NYSE:ENV) opened at 37.86 on Wednesday. The stock’s 50 day moving average price is $38.69 and its 200 day moving average price is $34.19. Envestnet Inc. has a 12-month low of $19.30 and a 12-month high of $41.47. The company’s market capitalization is $1.62 billion.
Envestnet (NYSE:ENV) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The firm earned $141.70 million during the quarter, compared to analysts’ expectations of $139.12 million. Envestnet had a negative net margin of 3.95% and a positive return on equity of 4.20%. Envestnet’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. On average, equities research analysts anticipate that Envestnet Inc. will post $0.99 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Champlain Investment Partners LLC acquired a new stake in shares of Envestnet during the first quarter worth about $26,368,000. TimesSquare Capital Management LLC boosted its stake in Envestnet by 17.1% in the first quarter. TimesSquare Capital Management LLC now owns 2,591,040 shares of the company’s stock worth $70,476,000 after buying an additional 377,540 shares during the period. Van Berkom & Associates Inc. boosted its stake in Envestnet by 95.0% in the second quarter. Van Berkom & Associates Inc. now owns 736,303 shares of the company’s stock worth $24,526,000 after buying an additional 358,661 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Envestnet during the second quarter worth about $11,412,000. Finally, Franklin Resources Inc. boosted its stake in Envestnet by 24.1% in the second quarter. Franklin Resources Inc. now owns 1,424,934 shares of the company’s stock worth $47,465,000 after buying an additional 276,308 shares during the period.
A number of analysts have recently issued reports on ENV shares. Avondale Partners lowered Envestnet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 9th. Jefferies Group reissued a “buy” rating on shares of Envestnet in a report on Wednesday, August 3rd. Zacks Investment Research lowered Envestnet from a “hold” rating to a “sell” rating in a report on Friday, August 19th. JMP Securities reissued a “buy” rating and issued a $9.50 price objective (down from $36.00) on shares of Envestnet in a report on Thursday, June 23rd. Finally, Royal Bank Of Canada boosted their price objective on Envestnet from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.19.
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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