Quest Partners LLC lifted its stake in Envestnet, Inc. (NYSE:ENV – Free Report) by 2,100.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,383 shares of the business services provider’s stock after purchasing an additional 31,866 shares during the quarter. Quest Partners LLC’s holdings in Envestnet were worth $2,090,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in ENV. Vanguard Group Inc. raised its stake in Envestnet by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,098,535 shares of the business services provider’s stock worth $353,166,000 after acquiring an additional 83,081 shares during the period. Impactive Capital LP increased its stake in shares of Envestnet by 0.8% in the first quarter. Impactive Capital LP now owns 4,183,865 shares of the business services provider’s stock worth $242,288,000 after purchasing an additional 32,832 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Envestnet by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider’s stock valued at $65,057,000 after purchasing an additional 73,751 shares during the period. Geneva Capital Management LLC lifted its stake in shares of Envestnet by 0.5% during the 3rd quarter. Geneva Capital Management LLC now owns 863,398 shares of the business services provider’s stock valued at $54,066,000 after buying an additional 4,042 shares in the last quarter. Finally, Engaged Capital LLC boosted its holdings in Envestnet by 479.8% in the 2nd quarter. Engaged Capital LLC now owns 692,483 shares of the business services provider’s stock worth $43,343,000 after buying an additional 573,049 shares during the period.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. DA Davidson reissued a “neutral” rating and set a $63.00 price target on shares of Envestnet in a report on Wednesday, September 18th. StockNews.com initiated coverage on Envestnet in a report on Tuesday, November 12th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.88.
Envestnet Trading Up 0.2 %
Shares of ENV stock opened at $63.09 on Tuesday. The stock’s 50-day moving average price is $62.72 and its 200-day moving average price is $63.11. Envestnet, Inc. has a 12-month low of $36.43 and a 12-month high of $73.04. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -13.23 and a beta of 1.25. The company has a current ratio of 0.59, a quick ratio of 1.14 and a debt-to-equity ratio of 1.07.
Envestnet Profile
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.
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