Schroder Investment Management Group Invests $21.83 Million in Envestnet, Inc. (NYSE:ENV)

Schroder Investment Management Group acquired a new stake in shares of Envestnet, Inc. (NYSE:ENVFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 440,803 shares of the business services provider’s stock, valued at approximately $21,829,000. Schroder Investment Management Group owned approximately 0.81% of Envestnet as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Envestnet during the third quarter valued at about $45,000. Quest Partners LLC bought a new stake in Envestnet during the 4th quarter worth approximately $58,000. PNC Financial Services Group Inc. grew its holdings in 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 worth $217,000 after acquiring an additional 802 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of Envestnet by 68.9% during the fourth quarter. Benjamin Edwards Inc. now owns 5,438 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 2,218 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Envestnet by 75.3% during the third quarter. Tower Research Capital LLC TRC now owns 6,788 shares of the business services provider’s stock valued at $299,000 after acquiring an additional 2,915 shares during the last quarter.

Insider Buying and Selling at Envestnet

In other news, insider Matthew Majoros sold 700 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.92, for a total transaction 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. In related news, Director Lauren Taylor Wolfe purchased 1,670 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $52.99 per share, for a total transaction of $88,493.30. Following the purchase, the director now owns 4,188,871 shares of the company’s stock, valued at $221,968,274.29. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Matthew Majoros sold 700 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.92, for a total value of $39,844.00. Following the sale, the insider now directly owns 15,212 shares of the company’s stock, valued at $865,867.04. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ENV shares. JMP Securities restated a “market outperform” rating and issued a $79.00 price objective on shares of Envestnet in a report on Wednesday, April 17th. William Blair reissued an “outperform” rating on shares of Envestnet in a research note on Wednesday, March 27th. Raymond James lifted their price objective on Envestnet from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group raised shares of Envestnet from an “underperform” rating to a “hold” rating and increased their target price for the company from $47.00 to $59.00 in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Envestnet from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.14.

Get Our Latest Report on Envestnet

Envestnet Stock Down 3.2 %

Shares of NYSE ENV opened at $62.22 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.47. The firm has a market cap of $3.43 billion, a PE ratio of -17.48 and a beta of 1.28. The company’s fifty day simple moving average is $63.44 and its 200 day simple moving average is $54.76. Envestnet, Inc. has a 12-month low of $33.12 and a 12-month high of $73.04.

Envestnet (NYSE:ENVGet Free Report) last released 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. Envestnet had a negative net margin of 15.33% and a positive return on equity of 14.75%. The company had revenue of $324.95 million for the quarter, compared to analysts’ expectations of $324.85 million. As a group, sell-side analysts forecast that Envestnet, Inc. will post 1.78 earnings per share for the current fiscal year.

Envestnet Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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