Envestnet, Inc. (NYSE:ENV) Stock Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Envestnet, Inc. (NYSE:ENV) by 73.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,705 shares of the business services provider’s stock after selling 23,629 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Envestnet were worth $431,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Envestnet during the third quarter valued at approximately $45,000. PNC Financial Services Group Inc. grew its holdings in shares of Envestnet by 19.4% during the third quarter. PNC Financial Services Group Inc. now owns 4,930 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 802 shares during the last quarter. Argent Capital Management LLC grew its holdings in shares of Envestnet by 32.7% during the third quarter. Argent Capital Management LLC now owns 5,167 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 1,274 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Envestnet by 75.3% during the third quarter. Tower Research Capital LLC TRC now owns 6,788 shares of the business services provider’s stock worth $299,000 after buying an additional 2,915 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Envestnet during the third quarter worth approximately $420,000.

Envestnet Stock Performance

ENV opened at $62.50 on Wednesday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -14.30 and a beta of 1.31. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.90 and a quick ratio of 0.90. Envestnet, Inc. has a 1-year low of $33.12 and a 1-year high of $68.83. The business has a 50 day moving average price of $55.21 and a two-hundred day moving average price of $48.18.

Envestnet (NYSE:ENV) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Envestnet had a positive return on equity of 12.27% and a negative net margin of 19.17%. The company had revenue of $317.63 million during the quarter, compared to the consensus estimate of $312.24 million. Research analysts predict that Envestnet, Inc. will post 1.78 EPS for the current fiscal year.

Insider Activity

In other news, insider Matthew Majoros sold 700 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $56.92, for a total transaction of $39,844.00. Following the completion of the sale, the insider now owns 15,212 shares in the company, valued at approximately $865,867.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Envestnet news, insider Matthew Majoros sold 700 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $56.92, for a total transaction of $39,844.00. Following the sale, the insider now directly owns 15,212 shares of the company’s stock, valued at approximately $865,867.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauren Taylor Wolfe bought 1,670 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $52.99 per share, for a total transaction of $88,493.30. Following the completion of the purchase, the director now owns 4,188,871 shares in the company, valued at $221,968,274.29. The disclosure for this purchase can be found here. Insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ENV. Raymond James boosted their price objective on Envestnet from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. JMP Securities reiterated a “market outperform” rating and set a $79.00 price objective on shares of Envestnet in a research report on Wednesday, April 17th. William Blair reiterated an “outperform” rating on shares of Envestnet in a research report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their price objective on Envestnet from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada boosted their price objective on Envestnet from $47.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.67.

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.