Cramer Rosenthal Mcglynn LLC Has $19.02 Million Holdings in Envestnet Inc (ENV)

Cramer Rosenthal Mcglynn LLC decreased its holdings in shares of Envestnet Inc (NYSE:ENV) by 21.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 372,900 shares of the business services provider’s stock after selling 103,650 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.84% of Envestnet worth $19,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. OxFORD Asset Management LLP bought a new position in shares of Envestnet during the third quarter valued at approximately $2,615,000. Brown Advisory Inc. increased its position in shares of Envestnet by 4.9% during the third quarter. Brown Advisory Inc. now owns 885,250 shares of the business services provider’s stock valued at $45,148,000 after acquiring an additional 41,176 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Envestnet by 10.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 204,030 shares of the business services provider’s stock valued at $10,406,000 after acquiring an additional 18,533 shares in the last quarter. Legal & General Group Plc increased its position in shares of Envestnet by 16.5% during the third quarter. Legal & General Group Plc now owns 18,188 shares of the business services provider’s stock valued at $925,000 after acquiring an additional 2,576 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Envestnet by 8.1% during the third quarter. American International Group Inc. now owns 28,889 shares of the business services provider’s stock valued at $1,473,000 after acquiring an additional 2,161 shares in the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

Shares of Envestnet Inc (NYSE:ENV) traded up $0.65 during trading on Wednesday, hitting $49.15. 350,600 shares of the stock traded hands, compared to its average volume of 269,806. The stock has a market cap of $2,148.83, a PE ratio of 62.18, a PEG ratio of 3.60 and a beta of 1.91. Envestnet Inc has a 1-year low of $30.80 and a 1-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.

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

Several brokerages recently weighed in on ENV. Jefferies Group raised their price target on shares of Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating on shares of Envestnet in a research report on Monday, September 11th. Stifel Nicolaus reissued a “buy” rating and set a $52.00 price target on shares of Envestnet in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Envestnet from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, William Blair reissued an “ourperform” rating on shares of Envestnet in a research report on Tuesday, September 26th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Envestnet presently has an average rating of “Buy” and an average target price of $55.13.

In related news, Director Gayle A. Crowell sold 746 shares of Envestnet stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $51.20, for a total transaction of $38,195.20. Following the transaction, the director now owns 801 shares in the company, valued at approximately $41,011.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anil Arora sold 16,418 shares of Envestnet stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $50.00, for a total transaction of $820,900.00. Following the transaction, the insider now owns 56,175 shares in the company, valued at approximately $2,808,750. The disclosure for this sale can be found here. Insiders have sold a total of 214,574 shares of company stock worth $10,881,077 in the last quarter. Corporate insiders own 5.58% of the company’s stock.

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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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