OxFORD Asset Management LLP purchased a new stake in shares of Envestnet Inc (NYSE:ENV) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 52,357 shares of the business services provider’s stock, valued at approximately $2,615,000. OxFORD Asset Management LLP owned approximately 0.12% of Envestnet at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its holdings in Envestnet by 13.0% in the 2nd quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock worth $130,000 after buying an additional 379 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Envestnet by 5.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after buying an additional 204 shares in the last quarter. Personal Capital Advisors Corp bought a new stake in Envestnet in the 3rd quarter worth about $203,000. Turner Investments LLC bought a new stake in Envestnet in the 3rd quarter worth about $230,000. Finally, FDx Advisors Inc. bought a new stake in Envestnet in the 3rd quarter worth about $244,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.
Several equities research analysts recently commented on ENV shares. Stifel Nicolaus reiterated a “buy” rating and issued a $52.00 price objective on shares of Envestnet in a report on Tuesday, September 26th. Jefferies Group lifted their price objective on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded Envestnet from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday, October 10th. UBS reiterated a “buy” rating and issued a $63.00 price objective (up from $50.00) on shares of Envestnet in a report on Monday, October 9th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $55.13.
In other Envestnet news, insider Anil Arora sold 16,418 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $50.00, for a total value of $820,900.00. Following the transaction, the insider now directly owns 56,175 shares of the company’s stock, valued at $2,808,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter D’arrigo sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.11, for a total value of $962,200.00. The disclosure for this sale can be found here. Insiders sold 226,074 shares of company stock worth $11,456,077 over the last three months. Insiders own 5.58% of the company’s stock.
Shares of Envestnet Inc (NYSE:ENV) traded down $0.05 during trading hours on Tuesday, reaching $50.05. The company’s stock had a trading volume of 192,900 shares, compared to its average volume of 268,491. The stock has a market capitalization of $2,219.72, a PE ratio of 64.23, a price-to-earnings-growth ratio of 3.72 and a beta of 1.91. 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 Inc has a fifty-two week low of $30.80 and a fifty-two week high of $55.15.
Envestnet (NYSE:ENV) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The business 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 business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. equities analysts forecast that Envestnet Inc will post 0.9 earnings per share for the current year.
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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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