Fmr LLC continued to hold its position in shares of Envestnet Inc (NYSE:ENV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,120,400 shares of the company’s stock at the end of the fourth quarter. Fmr LLC’s holdings in Envestnet were worth $39,494,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Great West Life Assurance Co. Can raised its position in shares of Envestnet by 76.9% in the third quarter. Great West Life Assurance Co. Can now owns 5,306 shares of the company’s stock valued at $193,000 after buying an additional 2,306 shares in the last quarter. 1st Global Advisors Inc. raised its position in shares of Envestnet by 7.9% in the third quarter. 1st Global Advisors Inc. now owns 6,940 shares of the company’s stock valued at $253,000 after buying an additional 509 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Envestnet during the third quarter valued at about $536,000. Radnor Capital Management LLC acquired a new position in shares of Envestnet during the fourth quarter valued at about $615,000. Finally, BlackRock Advisors LLC raised its position in shares of Envestnet by 16.8% in the third quarter. BlackRock Advisors LLC now owns 21,996 shares of the company’s stock valued at $802,000 after buying an additional 3,158 shares in the last quarter. 98.71% of the stock is currently owned by institutional investors.
Shares of Envestnet Inc (NYSE:ENV) opened at 32.00 on Friday. Envestnet Inc has a 1-year low of $25.32 and a 1-year high of $41.47. The firm’s 50-day moving average price is $36.68 and its 200 day moving average price is $36.54. The stock’s market cap is $1.38 billion.
Envestnet (NYSE:ENV) last released its earnings results on Thursday, March 16th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The firm earned $156 million during the quarter, compared to analyst estimates of $154.52 million. Envestnet had a positive return on equity of 3.91% and a negative net margin of 4.97%. Envestnet’s revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. On average, equities analysts expect that Envestnet Inc will post $0.98 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on ENV. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Envestnet in a research report on Friday. Zacks Investment Research raised Envestnet from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, January 10th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $36.90.
In related news, President William Crager sold 2,500 shares of Envestnet stock in a transaction on Monday, January 30th. The stock was sold at an average price of $780.16, for a total value of $1,950,400.00. Following the completion of the transaction, the president now directly owns 143,322 shares in the company, valued at $111,814,091.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anil Arora sold 1,100 shares of Envestnet stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $37.50, for a total value of $41,250.00. Following the completion of the transaction, the director now owns 67,319 shares of the company’s stock, valued at $2,524,462.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,216 shares of company stock valued at $4,083,413. 7.80% of the stock is currently owned by company insiders.
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.
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