Capital Fund Management S.A. acquired a new stake in shares of Envestnet Inc (NYSE:ENV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,800 shares of the business services provider’s stock, valued at approximately $429,000.

Other large investors have also bought and sold shares of the company. First Republic Investment Management Inc. bought a new stake in Envestnet during the first quarter valued at $206,000. Zions Bancorporation bought a new stake in Envestnet during the second quarter valued at $207,000. D.A. Davidson & CO. bought a new stake in Envestnet during the second quarter valued at $213,000. Keybank National Association OH bought a new stake in Envestnet during the second quarter valued at $236,000. Finally, Greenwood Capital Associates LLC boosted its stake in Envestnet by 27.7% during the second quarter. Greenwood Capital Associates LLC now owns 4,832 shares of the business services provider’s stock valued at $266,000 after buying an additional 1,049 shares during the period. 96.95% of the stock is owned by institutional investors.

ENV has been the subject of several research analyst reports. Zacks Investment Research raised Envestnet from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. DA Davidson lifted their price objective on Envestnet to $56.00 and gave the company an “average” rating in a research note on Thursday, July 5th. JPMorgan Chase & Co. started coverage on Envestnet in a research note on Thursday, July 12th. They set an “overweight” rating and a $70.00 price target for the company. TheStreet raised Envestnet from a “c+” rating to a “b-” rating in a research note on Monday, July 16th. Finally, UBS Group lifted their price target on Envestnet from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $60.11.

Shares of ENV stock opened at $62.25 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. Envestnet Inc has a 12-month low of $46.95 and a 12-month high of $64.80. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 71.08, a PEG ratio of 3.56 and a beta of 1.96.

Envestnet (NYSE:ENV) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Envestnet had a return on equity of 10.75% and a net margin of 2.50%. The firm had revenue of $201.12 million during the quarter, compared to analyst estimates of $199.52 million. equities research analysts anticipate that Envestnet Inc will post 1.25 earnings per share for the current fiscal year.

In other news, insider Shelly O’brien sold 4,000 shares of Envestnet stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $54.81, for a total value of $219,240.00. Following the transaction, the insider now owns 43,366 shares in the company, valued at $2,376,890.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Anil Arora sold 9,900 shares of Envestnet stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $59.80, for a total value of $592,020.00. Following the completion of the transaction, the insider now owns 86,563 shares in the company, valued at approximately $5,176,467.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,559 shares of company stock valued at $3,306,393. Corporate insiders own 7.80% of the company’s stock.

Envestnet Profile

Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

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Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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