Airain ltd Purchase Holding in Envestnet Inc (ENV)

Airain ltd Purchase Holding in Envestnet Inc (ENV)

Airain ltd acquired a new stake in shares of Envestnet Inc (NYSE:ENV) during the first quarter, Holdings Channel reports. The firm acquired 8,231 shares of the business services provider’s stock, valued at approximately $266,000.

Several other institutional investors also recently made changes to their positions in the stock. Nicholas Co. Inc. WI raised its position in shares of Envestnet by 0.9% in the fourth quarter. Nicholas Co. Inc. WI now owns 100,215 shares of the business services provider’s stock valued at $3,532,000 after buying an additional 860 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Envestnet during the fourth quarter valued at approximately $344,000. Brown Advisory Inc. raised its position in shares of Envestnet by 5.8% in the fourth quarter. Brown Advisory Inc. now owns 693,419 shares of the business services provider’s stock valued at $24,444,000 after buying an additional 38,252 shares during the last quarter. Elkfork Partners LLC bought a new position in shares of Envestnet during the fourth quarter valued at approximately $2,921,000. Finally, State Street Corp raised its position in shares of Envestnet by 3.8% in the fourth quarter. State Street Corp now owns 715,452 shares of the business services provider’s stock valued at $25,221,000 after buying an additional 26,079 shares during the last quarter. 98.71% of the stock is owned by hedge funds and other institutional investors.

Envestnet Inc (ENV) traded down 0.14% during trading on Friday, reaching $36.55. 534,751 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.60 billion. Envestnet Inc has a 52 week low of $30.80 and a 52 week high of $41.47. The stock has a 50-day moving average of $35.30 and a 200-day moving average of $35.89.

Envestnet (NYSE:ENV) last issued its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Envestnet had a positive return on equity of 3.91% and a negative net margin of 4.97%. The company had revenue of $157.80 million during the quarter, compared to analysts’ expectations of $155.56 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that Envestnet Inc will post $1.26 EPS for the current year.

Several brokerages recently commented on ENV. Royal Bank of Canada reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Envestnet in a research report on Thursday, May 11th. Zacks Investment Research lowered shares of Envestnet from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $48.00 price target on shares of Envestnet in a research report on Friday, March 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.90.

In other Envestnet news, President William Crager sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $34.64, for a total value of $86,600.00. Following the completion of the sale, the president now owns 147,858 shares in the company, valued at $5,121,801.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Judson Bergman acquired 1,000 shares of Envestnet stock in a transaction on Friday, March 31st. The stock was purchased at an average price of $32.40 per share, with a total value of $32,400.00. Following the purchase, the chief executive officer now owns 665,259 shares of the company’s stock, valued at approximately $21,554,391.60. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 3,006 shares of company stock valued at $102,387 and sold 20,255 shares valued at $671,472. 7.80% of the stock is currently owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ENV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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