S.A. Mason LLC Has $214,000 Stake in Envestnet, Inc. (NYSE:ENV)

S.A. Mason LLC trimmed its position in shares of Envestnet, Inc. (NYSE:ENV) by 47.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,700 shares of the business services provider’s stock after selling 3,400 shares during the period. S.A. Mason LLC’s holdings in Envestnet were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Envestnet during the fourth quarter worth $25,319,000. Maryland State Retirement & Pension System acquired a new position in shares of Envestnet in the fourth quarter valued at $895,000. Schroder Investment Management Group acquired a new position in shares of Envestnet in the fourth quarter valued at $21,829,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Envestnet by 6.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 130,499 shares of the business services provider’s stock valued at $6,462,000 after purchasing an additional 7,924 shares during the last quarter. Finally, One Fin Capital Management LP acquired a new position in shares of Envestnet in the fourth quarter valued at $14,336,000.

Analyst Upgrades and Downgrades

ENV has been the topic of several research reports. Jefferies Financial Group upgraded shares of Envestnet from an “underperform” rating to a “hold” rating and upped their price objective for the company from $47.00 to $59.00 in a report on Wednesday, May 8th. William Blair reiterated an “outperform” rating on shares of Envestnet in a report on Wednesday, March 27th. StockNews.com upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a report on Friday, May 10th. DA Davidson upped their price target on shares of Envestnet from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, JMP Securities restated a “market outperform” rating and issued a $79.00 price target on shares of Envestnet in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.14.

Envestnet Price Performance

ENV traded down $0.08 on Thursday, hitting $62.43. 8,299 shares of the stock were exchanged, compared to its average volume of 478,130. Envestnet, Inc. has a 12 month low of $33.12 and a 12 month high of $73.04. The business has a 50-day moving average of $64.20 and a two-hundred day moving average of $56.53. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.47.

Envestnet (NYSE:ENV) last posted its earnings results on Tuesday, May 7th. The business services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $324.95 million during the quarter, compared to analysts’ expectations of $324.85 million. Envestnet had a negative net margin of 15.33% and a positive return on equity of 14.75%. As a group, research analysts anticipate that Envestnet, Inc. will post 1.78 EPS for the current year.

Envestnet 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.