Envestnet Inc (NYSE:ENV) insider Anil Arora sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $53.88, for a total value of $538,800.00. Following the completion of the transaction, the insider now directly owns 110,731 shares of the company’s stock, valued at $5,966,186.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Envestnet Inc (NYSE:ENV) opened at $52.80 on Wednesday. The firm has a market capitalization of $2,340.00, a P/E ratio of -42.58, a PEG ratio of 2.91 and a beta of 1.90. Envestnet Inc has a fifty-two week low of $30.80 and a fifty-two week high of $55.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63.
Envestnet (NYSE:ENV) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The business had revenue of $175.61 million during the quarter, compared to the consensus estimate of $171.57 million. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. sell-side analysts predict that Envestnet Inc will post 0.89 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of ENV. Janus Henderson Group PLC boosted its holdings in shares of Envestnet by 559.6% in the second quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after acquiring an additional 3,408,580 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Envestnet in the third quarter valued at approximately $30,101,000. Atlanta Capital Management Co. L L C acquired a new stake in shares of Envestnet in the third quarter valued at approximately $22,763,000. Royal Bank of Canada boosted its holdings in shares of Envestnet by 7,211.3% in the second quarter. Royal Bank of Canada now owns 433,561 shares of the business services provider’s stock valued at $17,169,000 after acquiring an additional 427,631 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Envestnet by 66.3% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 476,550 shares of the business services provider’s stock valued at $18,871,000 after acquiring an additional 189,905 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on ENV shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price target on shares of Envestnet in a report on Tuesday, September 26th. Jefferies Group upped their price target on Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research raised Envestnet from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, October 10th. UBS Group reaffirmed a “buy” rating and issued a $63.00 price target (up from $50.00) on shares of Envestnet in a report on Monday, October 9th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $48.00 price target on shares of Envestnet in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $55.00.
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Envestnet Company Profile
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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