2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP raised its holdings in Envestnet, Inc. ( NYSE:ENV – Free Report ) by 7.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 1,039,402 shares of the business services provider’s stock after purchasing an additional 73,751 shares during the period. Dimensional Fund Advisors LP owned about 1.89% of Envestnet worth $65,057,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its position in shares of Envestnet by 80.
0% in the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock worth $169,000 after buying an additional 1,200 shares during the last quarter.
NINE MASTS CAPITAL Ltd bought a new position in Envestnet in the 2nd quarter valued at about $1,377,000. State of New Jersey Common Pension Fund D bought a new position in shares of Envestnet in the second quarter valued at approximately $1,713,000. ClariVest Asset Management LLC acquired a new position in shares of Envestnet during the 2nd quarter valued at $2,482,000.
Finally, Quest Partners LLC grew its holdings in Envestnet by 6,220.8% during the second quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock worth $95,000 after acquiring an additional 1,493 shares during the period.
Wall Street Analysts Forecast Growth ENV has been the topic of several research reports. StockNews.com assumed coverage on Envestnet in a report on Wednesday.
They issued a “sell” rating on the stock. William Blair reiterated a “market perform” rating on shares of Envestnet in a report on Thursday, July 11th. UBS Group reaffirmed a “neutral” rating and set a $63.
15 price objective (down previously from $75.00) on shares of Envestnet in a research report on Tuesday, July 16th. DA Davidson reaffirmed a “neutral” rating and set a $63.
00 price objective on shares of Envestnet in a research report on Wednesday, September 18th. Finally, Raymond James downgraded Envestnet from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock.
According to data from MarketBeat, Envestnet presently has an average rating of “Hold” and an average target price of $61.88. Envestnet Price Performance Shares of ENV stock opened at $62.
61 on Friday. The stock has a 50-day moving average price of $62.46 and a 200 day moving average price of $62.
03. The company has a quick ratio of 1.14, a current ratio of 1.
14 and a debt-to-equity ratio of 1.70. The firm has a market cap of $3.
45 billion, a price-to-earnings ratio of -17.59 and a beta of 1.25.
Envestnet, Inc. has a 12 month low of $33.12 and a 12 month high of $73.
04. Envestnet ( NYSE:ENV – Get Free Report ) last posted its earnings results on Friday, August 9th. The business services provider reported $0.
55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.07).
Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%.
The company had revenue of $348.30 million for the quarter, compared to analyst estimates of $342.90 million.
During the same quarter in the previous year, the firm posted $0.22 earnings per share. Envestnet’s quarterly revenue was up 11.
5% compared to the same quarter last year. Research analysts expect that Envestnet, Inc. will post 1.
71 EPS for the current 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 Five stocks we like better than Envestnet Where to Find Earnings Call Transcripts Can Costco Stock Hit New Highs as Interest Rates Drop? Earnings Per Share Calculator: How to Calculate EPS These 3 Stocks Show How to Navigate Declining Consumer Confidence Using the MarketBeat Stock Split Calculator MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Want to see what other hedge funds are holding ENV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Envestnet, Inc.
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