Envestnet, Inc (NYSE:ENV) President William Crager sold 4,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $51.48, for a total value of $205,920.00. Following the transaction, the president now directly owns 182,217 shares of the company’s stock, valued at approximately $9,380,531.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

William Crager also recently made the following trade(s):

  • On Friday, November 3rd, William Crager sold 5,000 shares of Envestnet stock. The stock was sold at an average price of $52.75, for a total value of $263,750.00.
  • On Friday, October 27th, William Crager sold 5,000 shares of Envestnet stock. The stock was sold at an average price of $53.31, for a total value of $266,550.00.

Shares of Envestnet, Inc (NYSE ENV) traded up $0.25 during mid-day trading on Tuesday, reaching $51.70. The company had a trading volume of 159,700 shares, compared to its average volume of 270,952. Envestnet, Inc has a 1-year low of $30.80 and a 1-year high of $55.15. The company has a market capitalization of $2,300.00, a PE ratio of 65.96, a PEG ratio of 3.87 and a beta of 1.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.61 and a quick ratio of 0.61.

Envestnet (NYSE:ENV) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Envestnet had a positive return on equity of 8.93% and a negative net margin of 8.15%. The business had revenue of $175.61 million for the quarter, compared to analysts’ expectations of $171.57 million. During the same period in the prior year, the business posted $0.28 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. sell-side analysts predict that Envestnet, Inc will post 0.89 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. 1st Global Advisors Inc. boosted its holdings in Envestnet by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 8,819 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 100 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Envestnet by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 25,092 shares of the business services provider’s stock valued at $994,000 after acquiring an additional 138 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Envestnet by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 13,610 shares of the business services provider’s stock valued at $489,000 after acquiring an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Envestnet by 5.7% in the second quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 204 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Envestnet by 0.9% in the second quarter. California Public Employees Retirement System now owns 34,906 shares of the business services provider’s stock valued at $1,382,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

ENV has been the topic of several research reports. BidaskClub cut Envestnet from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Raymond James Financial, Inc. boosted their price target on Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $52.00 price target (up from $45.00) on shares of Envestnet in a report on Thursday, August 10th. Zacks Investment Research cut Envestnet from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Envestnet in a report on Monday, September 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.63.

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.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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