Healthcare of Ontario Pension Plan Trust Fund Sells 59,300 Shares of Envestnet, Inc. (NYSE:ENV)

Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in Envestnet, Inc. (NYSE:ENV) by 25.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,200 shares of the business services provider’s stock after selling 59,300 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.32% of Envestnet worth $10,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ENV. YHB Investment Advisors Inc. acquired a new stake in Envestnet during the first quarter worth about $38,000. Quest Partners LLC bought a new stake in shares of Envestnet during the fourth quarter valued at approximately $58,000. SG Americas Securities LLC acquired a new position in shares of Envestnet in the first quarter valued at $168,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Envestnet in the first quarter valued at $228,000. Finally, Quadrature Capital Ltd bought a new position in Envestnet in the fourth quarter worth $236,000.

Envestnet Stock Down 0.1 %

NYSE:ENV traded down $0.08 during trading hours on Thursday, reaching $61.89. 1,152,101 shares of the stock were exchanged, compared to its average volume of 663,939. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.19 and a quick ratio of 1.19. Envestnet, Inc. has a twelve month low of $33.12 and a twelve month high of $73.04. The stock has a market cap of $3.41 billion, a PE ratio of -17.37 and a beta of 1.28. The firm has a 50 day moving average of $63.58 and a 200 day moving average of $58.46.

Envestnet (NYSE:ENV) last announced its earnings results on Tuesday, May 7th. The business services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business 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%. On average, equities analysts expect that Envestnet, Inc. will post 1.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ENV shares. DA Davidson cut shares of Envestnet from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $78.00 to $63.00 in a research note on Thursday, July 18th. Jefferies Financial Group upgraded Envestnet from an “underperform” rating to a “hold” rating and raised their target price for the stock from $47.00 to $59.00 in a report on Wednesday, May 8th. Royal Bank of Canada increased their price target on shares of Envestnet from $56.00 to $64.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. UBS Group reissued a “neutral” rating and set a $63.15 price objective (down previously from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $79.00 target price on shares of Envestnet in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.88.

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.