Envestnet Inc (NYSE:ENV) insider Anil Arora sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $53.88, for a total value of $538,800.00. Following the completion of the transaction, the insider now directly owns 110,731 shares of the company’s stock, valued at approximately $5,966,186.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Envestnet Inc (NYSE:ENV) traded down $1.10 during trading on Tuesday, reaching $52.80. The company had a trading volume of 274,447 shares, compared to its average volume of 227,010. Envestnet Inc has a 52 week low of $30.80 and a 52 week high of $55.15. The company has a market capitalization of $2,388.08, a price-to-earnings ratio of -42.93, a PEG ratio of 2.91 and a beta of 1.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 0.90.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The company had revenue of $175.61 million during the quarter, compared to analyst estimates of $171.57 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. sell-side analysts predict that Envestnet Inc will post 0.89 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. 1st Global Advisors Inc. raised its position in Envestnet by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 8,819 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 100 shares during the period. State Board of Administration of Florida Retirement System raised its position in Envestnet by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 25,092 shares of the business services provider’s stock valued at $994,000 after purchasing an additional 138 shares during the period. Ameritas Investment Partners Inc. raised its position in Envestnet by 5.7% during the second quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 204 shares during the period. California Public Employees Retirement System raised its position in Envestnet by 0.9% during the second quarter. California Public Employees Retirement System now owns 34,906 shares of the business services provider’s stock valued at $1,382,000 after purchasing an additional 300 shares during the period. Finally, D.A. Davidson & CO. raised its position in Envestnet by 13.0% during the second quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 379 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

A number of research firms have recently weighed in on ENV. William Blair reaffirmed an “ourperform” rating on shares of Envestnet in a research note on Tuesday, September 26th. Zacks Investment Research raised Envestnet from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, October 10th. UBS Group dropped their price objective on Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 17th. JMP Securities upped their price objective on Envestnet from $48.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Envestnet in a research note on Thursday, October 5th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $55.00.

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Envestnet Company Profile

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.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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