XTX Topco Ltd Purchases Shares of 5,283 Envestnet, Inc. (NYSE:ENV)

XTX Topco Ltd acquired a new position in shares of Envestnet, Inc. (NYSE:ENV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,283 shares of the business services provider’s stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ENV. Vanguard Group Inc. boosted its position in Envestnet by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,098,535 shares of the business services provider’s stock worth $353,166,000 after acquiring an additional 83,081 shares during the period. Impactive Capital LP lifted its holdings in Envestnet by 0.8% in the first quarter. Impactive Capital LP now owns 4,183,865 shares of the business services provider’s stock worth $242,288,000 after purchasing an additional 32,832 shares during the period. Stephens Investment Management Group LLC lifted its holdings in Envestnet by 14.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,651,081 shares of the business services provider’s stock worth $81,762,000 after purchasing an additional 207,632 shares during the period. Geneva Capital Management LLC grew its position in Envestnet by 1.6% in the 1st quarter. Geneva Capital Management LLC now owns 1,070,976 shares of the business services provider’s stock valued at $62,020,000 after buying an additional 16,666 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Envestnet by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider’s stock valued at $65,057,000 after buying an additional 73,751 shares during the period.

Envestnet Stock Performance

Shares of NYSE ENV opened at $62.53 on Friday. Envestnet, Inc. has a 52-week low of $33.12 and a 52-week high of $73.04. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of -17.56 and a beta of 1.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.70. The stock’s fifty day simple moving average is $62.44 and its 200 day simple moving average is $61.98.

Envestnet (NYSE:ENV) last posted its quarterly earnings data 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 company had revenue of $348.30 million for the quarter, compared to analyst estimates of $342.90 million. During the same quarter in the previous year, the firm posted $0.22 EPS. Envestnet’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts forecast that Envestnet, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ENV. StockNews.com began coverage on shares of Envestnet in a research note on Wednesday. They issued a “sell” rating for the company. DA Davidson restated a “neutral” rating and issued a $63.00 target price on shares of Envestnet in a research report on Wednesday, September 18th. Raymond James lowered Envestnet from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. UBS Group reissued a “neutral” rating and issued a $63.15 price objective (down previously from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. Finally, William Blair reaffirmed a “market perform” rating on shares of Envestnet in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.88.

About Envestnet

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.