Envestnet, Inc. (NYSE:ENV) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Envestnet, Inc. (NYSE:ENV) by 54.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,687 shares of the business services provider’s stock after purchasing an additional 945 shares during the quarter. SG Americas Securities LLC’s holdings in Envestnet were worth $168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Envestnet by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 6,015,454 shares of the business services provider’s stock valued at $297,885,000 after acquiring an additional 687,202 shares during the last quarter. Engaged Capital LLC boosted its holdings in Envestnet by 479.8% in the second quarter. Engaged Capital LLC now owns 692,483 shares of the business services provider’s stock worth $43,343,000 after purchasing an additional 573,049 shares during the period. Dimensional Fund Advisors LP increased its stake in Envestnet by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider’s stock valued at $65,057,000 after purchasing an additional 73,751 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Envestnet by 45.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider’s stock valued at $8,968,000 after purchasing an additional 48,057 shares during the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Envestnet during the second quarter worth $2,482,000.

Analyst Upgrades and Downgrades

ENV has been the subject of several research reports. DA Davidson reaffirmed a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a report on Wednesday, September 18th. William Blair reaffirmed a “market perform” rating on shares of Envestnet in a report on Thursday, July 11th. StockNews.com initiated coverage on Envestnet in a research report on Saturday, October 19th. They set a “sell” rating on the stock. UBS Group restated a “neutral” rating and set a $63.15 price objective (down previously from $75.00) on shares of Envestnet in a research report on Tuesday, July 16th. Finally, Raymond James lowered Envestnet from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Envestnet currently has an average rating of “Hold” and a consensus price target of $61.88.

Envestnet Stock Performance

Shares of NYSE ENV opened at $62.79 on Thursday. Envestnet, Inc. has a 12-month low of $33.12 and a 12-month high of $73.04. The company has a market cap of $3.46 billion, a PE ratio of -17.64 and a beta of 1.25. The stock has a 50 day simple moving average of $62.71 and a 200-day simple moving average of $62.87. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.70.

Envestnet (NYSE:ENV) last released its quarterly earnings results on Friday, August 9th. The business services provider reported $0.55 earnings per share (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 business had revenue of $348.30 million during the quarter, compared to the consensus estimate of $342.90 million. During the same period in the previous year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts forecast 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.