Robeco Institutional Asset Management B.V. lessened its holdings in Envestnet Inc (NYSE:ENV) by 85.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,919 shares of the business services provider’s stock after selling 60,081 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Envestnet were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its position in Envestnet by 5.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after buying an additional 204 shares during the period. Zions Bancorporation bought a new position in Envestnet during the 3rd quarter worth $181,000. Personal Capital Advisors Corp bought a new position in Envestnet during the 3rd quarter worth $203,000. First Republic Investment Management Inc. bought a new position in Envestnet during the 3rd quarter worth $204,000. Finally, Amalgamated Bank bought a new position in Envestnet during the 2nd quarter worth $219,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Several analysts have recently issued reports on ENV shares. Zacks Investment Research lowered Envestnet from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Jefferies Group increased their target price on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Royal Bank of Canada reissued a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. UBS Group reduced their target price on Envestnet from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $62.00 target price (up from $52.00) on shares of Envestnet in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Envestnet currently has a consensus rating of “Buy” and an average target price of $55.00.

Shares of Envestnet Inc (ENV) opened at $49.50 on Friday. The stock has a market capitalization of $2,283.96, a price-to-earnings ratio of 66.09, a PEG ratio of 2.64 and a beta of 1.96. Envestnet Inc has a 1-year low of $30.80 and a 1-year high of $55.45. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

Envestnet (NYSE:ENV) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $175.61 million for the quarter, compared to analyst estimates of $171.57 million. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. Envestnet’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. research analysts anticipate that Envestnet Inc will post 0.89 earnings per share for the current year.

In related news, COO Joshua Mayer sold 30,800 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $52.06, for a total value of $1,603,448.00. Following the sale, the chief operating officer now directly owns 51,207 shares of the company’s stock, valued at $2,665,836.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Judson Bergman sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $51.48, for a total value of $1,029,600.00. Following the completion of the sale, the chief executive officer now directly owns 738,569 shares in the company, valued at $38,021,532.12. The disclosure for this sale can be found here. Insiders sold 237,694 shares of company stock worth $12,014,816 over the last ninety days. 7.80% of the stock is currently 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.

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Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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