RGM Capital LLC Has $68.80 Million Stock Holdings in Envestnet, Inc. (NYSE:ENV)

RGM Capital LLC reduced its position in shares of Envestnet, Inc. (NYSE:ENV) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,099,168 shares of the business services provider’s stock after selling 244,378 shares during the quarter. Envestnet comprises about 2.8% of RGM Capital LLC’s portfolio, making the stock its 18th biggest position. RGM Capital LLC owned approximately 1.99% of Envestnet worth $68,797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ENV. Vanguard Group Inc. raised its position in shares of Envestnet by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,098,535 shares of the business services provider’s stock worth $353,166,000 after purchasing an additional 83,081 shares during the period. Impactive Capital LP lifted its stake in shares of Envestnet by 0.8% in the first quarter. Impactive Capital LP now owns 4,183,865 shares of the business services provider’s stock valued at $242,288,000 after buying an additional 32,832 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Envestnet by 20,229.7% during the fourth quarter. Hsbc Holdings PLC now owns 1,824,997 shares of the business services provider’s stock valued at $90,027,000 after buying an additional 1,816,020 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Envestnet by 14.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,651,081 shares of the business services provider’s stock valued at $81,762,000 after buying an additional 207,632 shares during the last quarter. Finally, Geneva Capital Management LLC increased its position in shares of Envestnet by 1.6% during the first quarter. Geneva Capital Management LLC now owns 1,070,976 shares of the business services provider’s stock worth $62,020,000 after acquiring an additional 16,666 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ENV shares. StockNews.com assumed coverage on shares of Envestnet in a research report on Tuesday, September 17th. They issued a “sell” rating on the stock. DA Davidson reaffirmed a “neutral” rating and set a $63.00 target price on shares of Envestnet in a research report on Wednesday. Raymond James downgraded Envestnet from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. William Blair restated a “market perform” rating on shares of Envestnet in a research note on Thursday, July 11th. Finally, UBS Group reiterated a “neutral” rating and issued a $63.15 target price (down previously from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Envestnet has an average rating of “Hold” and an average target price of $61.88.

Envestnet Trading Up 0.1 %

Shares of Envestnet stock opened at $62.74 on Friday. The firm has a market cap of $3.46 billion, a PE ratio of -17.62 and a beta of 1.25. Envestnet, Inc. has a 1 year low of $33.12 and a 1 year high of $73.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a fifty day moving average price of $62.37 and a 200-day moving average price of $61.77.

Envestnet (NYSE:ENV) last announced its quarterly earnings data on Friday, August 9th. The business services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.07). Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. The company had revenue of $348.30 million during the quarter, compared to the consensus estimate of $342.90 million. During the same period in the prior year, the firm posted $0.22 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Envestnet, Inc. will post 1.71 EPS for the current year.

Envestnet Company Profile

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.