Strycker View Capital LLC increased its stake in Envestnet, Inc (NYSE:ENV) by 130.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,308 shares of the business services provider’s stock after buying an additional 120,000 shares during the period. Envestnet makes up 4.2% of Strycker View Capital LLC’s investment portfolio, making the stock its 13th largest position. Strycker View Capital LLC owned 0.48% of Envestnet worth $8,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ENV. Global X Management Co. LLC raised its position in shares of Envestnet by 399.3% in the second quarter. Global X Management Co. LLC now owns 6,002 shares of the business services provider’s stock valued at $238,000 after buying an additional 4,800 shares during the period. Pioneer Investment Management Inc. raised its position in shares of Envestnet by 29.6% in the second quarter. Pioneer Investment Management Inc. now owns 112,581 shares of the business services provider’s stock valued at $4,458,000 after buying an additional 25,686 shares during the period. Financial Consulate Inc. bought a new position in shares of Envestnet during the second quarter valued at approximately $2,367,000. Russell Investments Group Ltd. raised its position in shares of Envestnet by 82.3% in the second quarter. Russell Investments Group Ltd. now owns 289,610 shares of the business services provider’s stock valued at $11,468,000 after buying an additional 130,772 shares during the period. Finally, Gradient Investments LLC bought a new position in shares of Envestnet during the second quarter valued at approximately $191,000.

Envestnet, Inc (NYSE ENV) traded down 0.80% during mid-day trading on Friday, hitting $43.20. 229,709 shares of the stock were exchanged. The stock’s market cap is $1.90 billion. The stock has a 50 day moving average of $39.94 and a 200-day moving average of $36.99. Envestnet, Inc has a 52-week low of $30.80 and a 52-week high of $45.18.

Envestnet (NYSE:ENV) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $167.50 million during the quarter, compared to the consensus estimate of $164.04 million. Envestnet had a positive return on equity of 7.78% and a negative net margin of 8.93%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities analysts predict that Envestnet, Inc will post $1.29 EPS for the current fiscal year.

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Several brokerages have commented on ENV. Zacks Investment Research lowered shares of Envestnet from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and issued a $52.00 price objective (up from $45.00) on shares of Envestnet in a report on Thursday, August 10th. Raymond James Financial, Inc. upped their target price on shares of Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Envestnet from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Envestnet in a research report on Friday, July 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Envestnet presently has a consensus rating of “Buy” and an average price target of $45.50.

In other Envestnet news, insider Anil Arora sold 8,980 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $40.00, for a total value of $359,200.00. Following the completion of the transaction, the insider now directly owns 68,609 shares in the company, valued at $2,744,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Roame bought 1,473 shares of Envestnet stock in a transaction on Wednesday, May 31st. The stock was purchased at an average price of $35.38 per share, with a total value of $52,114.74. Following the completion of the acquisition, the director now directly owns 1,729 shares of the company’s stock, valued at approximately $61,172.02. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,949 shares of company stock valued at $146,288 and sold 32,972 shares valued at $1,300,284. Insiders own 7.80% of the company’s stock.

About Envestnet

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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