Quantamental Technologies LLC trimmed its stake in shares of Envestnet Inc (NYSE:ENV) by 61.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,627 shares of the business services provider’s stock after selling 2,599 shares during the quarter. Quantamental Technologies LLC’s holdings in Envestnet were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. TimesSquare Capital Management LLC acquired a new stake in Envestnet during the 1st quarter worth about $30,983,000. GW&K Investment Management LLC acquired a new position in Envestnet in the second quarter valued at approximately $19,343,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Envestnet in the first quarter valued at approximately $14,386,000. Champlain Investment Partners LLC boosted its holdings in shares of Envestnet by 21.1% during the 1st quarter. Champlain Investment Partners LLC now owns 766,335 shares of the business services provider’s stock worth $50,111,000 after buying an additional 133,585 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of Envestnet by 20.2% during the 1st quarter. Fiera Capital Corp now owns 766,325 shares of the business services provider’s stock worth $50,110,000 after buying an additional 128,805 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

In other news, Director Charles Roame sold 3,165 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $69.80, for a total value of $220,917.00. Following the completion of the sale, the director now owns 1,782 shares in the company, valued at approximately $124,383.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Judson Bergman sold 7,500 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $67.86, for a total transaction of $508,950.00. Following the completion of the sale, the chief executive officer now owns 807,099 shares of the company’s stock, valued at approximately $54,769,738.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,197 shares of company stock worth $9,230,994. 4.97% of the stock is owned by insiders.

NYSE ENV traded down $0.01 during mid-day trading on Wednesday, hitting $58.10. The company’s stock had a trading volume of 15,363 shares, compared to its average volume of 336,960. The company’s 50 day simple moving average is $61.38 and its 200 day simple moving average is $66.09. Envestnet Inc has a twelve month low of $46.57 and a twelve month high of $73.94. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 2.61 and a beta of 1.74.

Envestnet (NYSE:ENV) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The business had revenue of $227.90 million for the quarter, compared to analyst estimates of $225.34 million. Envestnet had a positive return on equity of 9.15% and a negative net margin of 1.72%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, research analysts forecast that Envestnet Inc will post 1.28 EPS for the current year.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Envestnet from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Raymond James lifted their price target on shares of Envestnet from $82.00 to $83.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 11th. Finally, ValuEngine lowered shares of Envestnet from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $73.30.

Envestnet Company Profile

Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

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Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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