YHB Investment Advisors Inc. Takes Position in Envestnet, Inc. (NYSE:ENV)

YHB Investment Advisors Inc. acquired a new position in shares of Envestnet, Inc. (NYSE:ENV) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 650 shares of the business services provider’s stock, valued at approximately $38,000.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Envestnet in the 3rd quarter valued at $45,000. Quest Partners LLC bought a new stake in shares of Envestnet in the fourth quarter worth about $58,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Envestnet during the first quarter worth about $238,000. Quadrature Capital Ltd bought a new position in shares of Envestnet during the 4th quarter valued at about $236,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Envestnet by 19.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,930 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 802 shares in the last quarter.

Analysts Set New Price Targets

ENV has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Envestnet from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. William Blair reiterated an “outperform” rating on shares of Envestnet in a report on Wednesday, March 27th. StockNews.com upgraded Envestnet from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Raymond James increased their price objective on Envestnet from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group raised Envestnet from an “underperform” rating to a “hold” rating and lifted their target price for the company from $47.00 to $59.00 in a research report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.14.

Envestnet Stock Down 2.6 %

ENV traded down $1.59 on Tuesday, hitting $60.67. 908,117 shares of the company were exchanged, compared to its average volume of 478,534. The stock’s fifty day moving average is $63.51 and its 200-day moving average is $54.92. Envestnet, Inc. has a 12 month low of $33.12 and a 12 month high of $73.04. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $3.34 billion, a PE ratio of -17.04 and a beta of 1.28.

Envestnet (NYSE:ENV) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $324.95 million for the quarter, compared to analysts’ expectations of $324.85 million. Envestnet had a positive return on equity of 14.75% and a negative net margin of 15.33%. Equities research analysts predict that Envestnet, Inc. will post 1.78 EPS for the current fiscal year.

Insider Activity

In other Envestnet news, Director Lauren Taylor Wolfe purchased 1,670 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $52.99 per share, with a total value of $88,493.30. Following the completion of the transaction, the director now directly owns 4,188,871 shares in the company, valued at $221,968,274.29. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Matthew Majoros sold 700 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $56.92, for a total value of $39,844.00. Following the transaction, the insider now directly owns 15,212 shares of the company’s stock, valued at $865,867.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Taylor Wolfe bought 1,670 shares of Envestnet stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $52.99 per share, with a total value of $88,493.30. Following the acquisition, the director now directly owns 4,188,871 shares in the company, valued at approximately $221,968,274.29. The disclosure for this purchase can be found here. 8.90% of the stock is owned by insiders.

About Envestnet

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.