Robeco Institutional Asset Management B.V. Has $19.35 Million Holdings in Envestnet Inc (ENV)
Robeco Institutional Asset Management B.V. raised its position in shares of Envestnet Inc (NYSE:ENV) by 46.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 317,500 shares of the business services provider’s stock after buying an additional 100,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.70% of Envestnet worth $19,352,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Envestnet by 16.7% during the second quarter. BlackRock Inc. now owns 3,150,212 shares of the business services provider’s stock valued at $173,104,000 after buying an additional 451,887 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Envestnet by 6.9% in the second quarter. Renaissance Technologies LLC now owns 509,392 shares of the business services provider’s stock worth $27,991,000 after purchasing an additional 33,100 shares in the last quarter. Oak Ridge Investments LLC lifted its position in shares of Envestnet by 22.1% in the second quarter. Oak Ridge Investments LLC now owns 341,535 shares of the business services provider’s stock worth $18,767,000 after purchasing an additional 61,746 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Envestnet by 28.6% in the second quarter. Putnam Investments LLC now owns 51,883 shares of the business services provider’s stock worth $2,851,000 after purchasing an additional 11,526 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Envestnet in the third quarter worth approximately $6,545,000. 96.75% of the stock is owned by institutional investors.
In related news, President William Crager sold 12,000 shares of the stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $60.99, for a total value of $731,880.00. Following the transaction, the president now owns 212,252 shares in the company, valued at $12,945,249.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Roame sold 7,481 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $62.86, for a total value of $470,255.66. Following the completion of the transaction, the director now owns 1,782 shares in the company, valued at approximately $112,016.52. The disclosure for this sale can be found here. Insiders sold 58,284 shares of company stock worth $3,503,752 in the last 90 days. 7.80% of the stock is currently owned by corporate insiders.
NYSE ENV opened at $53.75 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2.42 billion, a PE ratio of 46.46, a P/E/G ratio of 2.91 and a beta of 1.89. Envestnet Inc has a 52-week low of $47.45 and a 52-week high of $64.80.
Envestnet (NYSE:ENV) last posted its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $203.20 million during the quarter, compared to analyst estimates of $203.99 million. Envestnet had a net margin of 2.95% and a return on equity of 11.32%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Sell-side analysts predict that Envestnet Inc will post 1.27 EPS for the current fiscal year.
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Envestnet Company Profile
Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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