Alley Co LLC held its position in Envestnet Inc. (NYSE:ENV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the company’s stock at the end of the second quarter. Alley Co LLC’s holdings in Envestnet were worth $400,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Henderson Group PLC raised its position in shares of Envestnet by 57.6% in the second quarter. Henderson Group PLC now owns 509,319 shares of the company’s stock worth $16,965,000 after buying an additional 186,072 shares in the last quarter. 1st Global Advisors Inc. bought a new position in shares of Envestnet during the second quarter worth approximately $214,000. Van Berkom & Associates Inc. raised its position in shares of 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 in the last quarter. Barclays PLC raised its position in shares of Envestnet by 280.0% in the first quarter. Barclays PLC now owns 55,816 shares of the company’s stock worth $1,507,000 after buying an additional 41,127 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of Envestnet during the first quarter worth approximately $1,207,000.
Shares of Envestnet Inc. (NYSE:ENV) traded up 0.08% during mid-day trading on Monday, reaching $35.61. 155,828 shares of the company’s stock traded hands. The stock’s market cap is $1.52 billion. Envestnet Inc. has a 12 month low of $19.30 and a 12 month high of $41.47. The firm has a 50 day moving average price of $37.89 and a 200-day moving average price of $35.05.
Envestnet (NYSE:ENV) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Envestnet had a negative net margin of 3.95% and a positive return on equity of 4.20%. The company earned $141.70 million during the quarter, compared to the consensus estimate of $139.12 million. During the same quarter last year, the firm posted $0.24 EPS. The company’s quarterly revenue was up 38.0% on a year-over-year basis. On average, analysts predict that Envestnet Inc. will post $0.99 earnings per share for the current fiscal year.
ENV has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Envestnet from a “hold” rating to a “sell” rating in a research report on Friday, August 19th. Jefferies Group set a $48.00 price objective on shares of Envestnet and gave the company a “buy” rating in a research report on Tuesday, August 16th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $40.00 price objective (up previously from $37.00) on shares of Envestnet in a research report on Wednesday, August 10th. Royal Bank Of Canada upped their price objective on shares of Envestnet from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 9th. Finally, JMP Securities reaffirmed a “buy” rating and set a $9.50 price objective (down previously from $36.00) on shares of Envestnet in a research report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Envestnet presently has a consensus rating of “Buy” and a consensus price target of $36.19.
In other news, CEO Judson Bergman sold 7,541 shares of the firm’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $36.95, for a total transaction of $278,639.95. Following the completion of the sale, the chief executive officer now owns 656,635 shares in the company, valued at approximately $24,262,663.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shelly O’brien sold 4,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $38.00, for a total transaction of $171,000.00. Following the sale, the insider now owns 7,840 shares of the company’s stock, valued at approximately $297,920. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.
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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