Envestnet Inc (ENV) Holdings Trimmed by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL reduced its stake in shares of Envestnet Inc (NYSE:ENV) by 25.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,100 shares of the business services provider’s stock after selling 16,200 shares during the quarter. Virginia Retirement Systems ET AL owned 0.11% of Envestnet worth $2,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. D.A. Davidson & CO. grew its position in shares of Envestnet by 13.0% in the second quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 379 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Envestnet by 5.7% during the second quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock valued at $150,000 after buying an additional 204 shares during the period. Personal Capital Advisors Corp purchased a new position in shares of Envestnet during the third quarter valued at approximately $203,000. BNP Paribas Arbitrage SA lifted its stake in shares of Envestnet by 525.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,151 shares of the business services provider’s stock valued at $204,000 after buying an additional 4,328 shares during the period. Finally, Amalgamated Bank purchased a new position in shares of Envestnet during the second quarter valued at approximately $219,000. Institutional investors own 94.99% of the company’s stock.

Several brokerages recently issued reports on ENV. JMP Securities upped their price objective on shares of Envestnet from $48.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, September 26th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Envestnet from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Stifel Nicolaus reissued a “buy” rating and set a $52.00 price objective (up previously from $45.00) on shares of Envestnet in a research note on Thursday, August 10th. Raymond James Financial upped their price objective on shares of Envestnet from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.13.

In related news, CFO Peter D’arrigo sold 20,005 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.68, for a total transaction of $993,848.40. Following the completion of the sale, the chief financial officer now directly owns 48,170 shares of the company’s stock, valued at approximately $2,393,085.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Judson Bergman sold 10,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $49.77, for a total transaction of $497,700.00. Following the sale, the chief executive officer now directly owns 742,569 shares of the company’s stock, valued at $36,957,659.13. The disclosure for this sale can be found here. In the last three months, insiders sold 192,328 shares of company stock worth $9,810,203. Insiders own 5.58% of the company’s stock.

Envestnet Inc (NYSE ENV) opened at $48.55 on Monday. Envestnet Inc has a one year low of $30.80 and a one year high of $55.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. The company has a market cap of $2,151.05, a price-to-earnings ratio of 62.24, a PEG ratio of 3.60 and a beta of 1.91.

Envestnet (NYSE:ENV) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The business had revenue of $175.61 million for the quarter, compared to the consensus estimate of $171.57 million. During the same quarter last year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. sell-side analysts forecast that Envestnet Inc will post 0.9 earnings per share for the current year.

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Envestnet Profile

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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