Envestnet Inc (ENV) COO Joshua Mayer Sells 2,000 Shares
Envestnet Inc (NYSE:ENV) COO Joshua Mayer sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $49.75, for a total transaction of $99,500.00. Following the sale, the chief operating officer now directly owns 50,407 shares in the company, valued at $2,507,748.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Envestnet Inc (NYSE:ENV) traded up $0.60 during midday trading on Friday, reaching $50.65. 289,996 shares of the company’s stock traded hands, compared to its average volume of 226,895. 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 Inc has a 12 month low of $30.80 and a 12 month high of $55.15. The firm has a market cap of $2,217.50, a PE ratio of 64.17, a PEG ratio of 3.72 and a beta of 1.91.
Envestnet (NYSE:ENV) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, topping the 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 company had revenue of $175.61 million during the quarter, compared to analysts’ expectations of $171.57 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s revenue was up 17.7% on a year-over-year basis. sell-side analysts predict that Envestnet Inc will post 0.9 earnings per share for the current year.
Several institutional investors have recently modified their holdings of ENV. Janus Henderson Group PLC boosted its holdings in shares of Envestnet by 559.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after buying an additional 3,408,580 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Envestnet in the 3rd quarter valued at $30,101,000. Atlanta Capital Management Co. L L C acquired a new position in shares of Envestnet in the 3rd quarter valued at $22,763,000. Royal Bank of Canada boosted its holdings in shares of Envestnet by 7,211.3% in the 2nd quarter. Royal Bank of Canada now owns 433,561 shares of the business services provider’s stock valued at $17,169,000 after buying an additional 427,631 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Envestnet by 66.3% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 476,550 shares of the business services provider’s stock valued at $18,871,000 after buying an additional 189,905 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.
ENV has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $62.00 target price (up from $52.00) on shares of Envestnet in a research note on Thursday, November 9th. Zacks Investment Research downgraded shares of Envestnet from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. UBS lowered their price target on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 17th. Jefferies Group boosted their price target on shares of Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $48.00 price target on shares of Envestnet in a report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $55.13.
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Envestnet Company 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.
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