Envestnet, Inc. (NYSE:ENV) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Envestnet, Inc. (NYSE:ENV – Get Rating) by 64.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,192 shares of the business services provider’s stock after selling 20,052 shares during the quarter. SG Americas Securities LLC’s holdings in Envestnet were worth $833,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC acquired a new stake in Envestnet in the fourth quarter valued at approximately $25,000. Covestor Ltd acquired a new stake in Envestnet in the fourth quarter valued at approximately $60,000. Fox Run Management L.L.C. acquired a new stake in Envestnet in the fourth quarter valued at approximately $220,000. Inspire Investing LLC acquired a new stake in shares of Envestnet during the first quarter worth approximately $232,000. Finally, Keybank National Association OH grew its position in shares of Envestnet by 10.7% during the first quarter. Keybank National Association OH now owns 3,199 shares of the business services provider’s stock worth $239,000 after buying an additional 310 shares in the last quarter.

Insider Buying and Selling at Envestnet

In related news, CEO William Crager bought 920 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were bought at an average cost of $53.79 per share, for a total transaction of $49,486.80. Following the completion of the purchase, the chief executive officer now owns 306,241 shares of the company’s stock, valued at approximately $16,472,703.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.44% of the stock is currently owned by company insiders.

Envestnet Stock Performance

Shares of ENV opened at $57.48 on Tuesday. The business’s fifty day moving average price is $56.52 and its 200 day moving average price is $67.59. Envestnet, Inc. has a 12-month low of $49.08 and a 12-month high of $85.99. The stock has a market capitalization of $3.17 billion, a PE ratio of -205.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.82 and a quick ratio of 1.82.

Envestnet (NYSE:ENV – Get Rating) last posted its earnings results on Thursday, May 5th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.11). The company had revenue of $321.36 million during the quarter, compared to the consensus estimate of $323.83 million. Envestnet had a negative net margin of 1.26% and a positive return on equity of 8.83%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. Equities research analysts forecast that Envestnet, Inc. will post 1.1 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on ENV shares. Piper Sandler decreased their price target on shares of Envestnet from $73.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, June 17th. TheStreet downgraded shares of Envestnet from a “c-” rating to a “d+” rating in a research report on Friday, June 17th. JMP Securities decreased their price target on shares of Envestnet from $97.00 to $80.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 12th. Raymond James decreased their price target on shares of Envestnet from $90.00 to $73.00 and set a “strong-buy” rating for the company in a research report on Friday, July 8th. Finally, William Blair reissued an “outperform” rating on shares of Envestnet in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.33.

About Envestnet

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Envestnet, Inc, together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company's product and services include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers 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; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.

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