Benjamin Edwards Inc. Increases Stock Holdings in Envestnet, Inc. (NYSE:ENV)

Benjamin Edwards Inc. increased its holdings in Envestnet, Inc. (NYSE:ENV) by 68.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,438 shares of the business services provider’s stock after buying an additional 2,218 shares during the period. Benjamin Edwards Inc.’s holdings in Envestnet were worth $269,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. grew its position in shares of Envestnet by 33.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,762,502 shares of the business services provider’s stock valued at $77,603,000 after purchasing an additional 438,994 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Envestnet in the third quarter worth $5,604,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of Envestnet by 46.4% during the third quarter. Schonfeld Strategic Advisors LLC now owns 390,860 shares of the business services provider’s stock valued at $17,210,000 after acquiring an additional 123,866 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Envestnet by 113.1% during the third quarter. Envestnet Asset Management Inc. now owns 163,161 shares of the business services provider’s stock valued at $7,184,000 after acquiring an additional 86,585 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Envestnet by 86.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 132,900 shares of the business services provider’s stock valued at $5,852,000 after purchasing an additional 61,800 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ENV shares. JPMorgan Chase & Co. lifted their price target on shares of Envestnet from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. DA Davidson boosted their target price on Envestnet from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. JMP Securities restated a “market outperform” rating and issued a $79.00 price target on shares of Envestnet in a report on Wednesday, April 17th. William Blair reissued an “outperform” rating on shares of Envestnet in a research report on Wednesday, March 27th. Finally, StockNews.com cut shares of Envestnet from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

Insider Buying and Selling at Envestnet

In other Envestnet news, insider Matthew Majoros sold 700 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.92, for a total transaction of $39,844.00. Following the sale, the insider now owns 15,212 shares in the company, valued at $865,867.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Envestnet news, Director Lauren Taylor Wolfe purchased 1,670 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $52.99 per share, with a total value of $88,493.30. Following the acquisition, the director now owns 4,188,871 shares of the company’s stock, valued at approximately $221,968,274.29. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Matthew Majoros sold 700 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $56.92, for a total transaction of $39,844.00. Following the transaction, the insider now owns 15,212 shares of the company’s stock, valued at approximately $865,867.04. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by insiders.

Envestnet Stock Down 0.7 %

Shares of NYSE ENV traded down $0.43 during midday trading on Friday, reaching $62.96. 298,166 shares of the company’s stock were exchanged, compared to its average volume of 685,813. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 0.90. Envestnet, Inc. has a 52-week low of $33.12 and a 52-week high of $68.83. The business’s fifty day moving average price is $57.32 and its two-hundred day moving average price is $49.38. The stock has a market capitalization of $3.45 billion, a PE ratio of -14.41 and a beta of 1.26.

Envestnet (NYSE:ENV) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. The company had revenue of $317.63 million for the quarter, compared to the consensus estimate of $312.24 million. Envestnet had a positive return on equity of 12.27% and a negative net margin of 19.17%. Analysts forecast that Envestnet, Inc. will post 1.78 EPS for the current year.

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.