49,113 Shares in Envestnet Inc (ENV) Purchased by American Century Companies Inc.

American Century Companies Inc. bought a new position in shares of Envestnet Inc (NYSE:ENV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 49,113 shares of the business services provider’s stock, valued at approximately $2,505,000. American Century Companies Inc. owned approximately 0.11% of Envestnet as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in Envestnet by 559.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after buying an additional 3,408,580 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Envestnet during the 3rd quarter valued at $30,101,000. Royal Bank of Canada grew its position in shares of Envestnet by 7,211.3% during the 2nd quarter. Royal Bank of Canada now owns 433,561 shares of the business services provider’s stock valued at $17,169,000 after purchasing an additional 427,631 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its position in shares of Envestnet by 66.3% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 476,550 shares of the business services provider’s stock valued at $18,871,000 after purchasing an additional 189,905 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Envestnet by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,454,623 shares of the business services provider’s stock valued at $136,803,000 after purchasing an additional 188,892 shares in the last quarter. 94.99% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on ENV. Zacks Investment Research upgraded shares of Envestnet from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, October 10th. UBS reiterated a “buy” rating and issued a $63.00 target price (up from $50.00) on shares of Envestnet in a research report on Monday, October 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $48.00 price target on shares of Envestnet in a research note on Thursday, October 5th. Jefferies Group boosted their price target on shares of Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $62.00 price target (up from $52.00) on shares of Envestnet in a research note on Thursday, November 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Envestnet currently has an average rating of “Buy” and an average target price of $55.13.

Shares of Envestnet Inc (ENV) opened at $49.15 on Wednesday. Envestnet Inc has a fifty-two week low of $30.80 and a fifty-two week high of $55.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. The company has a market cap of $2,148.83, a P/E ratio of 62.18, a PEG ratio of 3.60 and a beta of 1.91.

Envestnet (NYSE:ENV) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. The firm had revenue of $175.61 million for the quarter, compared to analysts’ expectations of $171.57 million. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. sell-side analysts forecast that Envestnet Inc will post 0.9 EPS for the current year.

In other news, CEO Judson Bergman sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $53.21, for a total transaction of $1,064,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President William Crager sold 5,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $53.31, for a total transaction of $266,550.00. Following the sale, the president now owns 150,555 shares in the company, valued at $8,026,087.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,574 shares of company stock worth $10,881,077. 5.58% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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