Fiera Capital Corp Decreases Stock Position in Envestnet, Inc. (NYSE:ENV)

Fiera Capital Corp lessened its stake in shares of Envestnet, Inc. (NYSE:ENV) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,007 shares of the business services provider’s stock after selling 2,359 shares during the period. Fiera Capital Corp’s holdings in Envestnet were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. TD Asset Management Inc raised its stake in Envestnet by 39.8% during the third quarter. TD Asset Management Inc now owns 35,834 shares of the business services provider’s stock valued at $1,578,000 after purchasing an additional 10,200 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Envestnet by 4.3% in the 3rd quarter. California Public Employees Retirement System now owns 278,135 shares of the business services provider’s stock valued at $12,246,000 after acquiring an additional 11,568 shares during the last quarter. Victory Capital Management Inc. grew its position in Envestnet by 11.7% in the third quarter. Victory Capital Management Inc. now owns 9,907 shares of the business services provider’s stock worth $436,000 after acquiring an additional 1,035 shares in the last quarter. Jump Financial LLC purchased a new position in Envestnet in the third quarter worth about $530,000. Finally, Zions Bancorporation N.A. grew its position in Envestnet by 8.2% in the third quarter. Zions Bancorporation N.A. now owns 18,524 shares of the business services provider’s stock worth $816,000 after acquiring an additional 1,410 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ENV shares. William Blair reiterated an “outperform” rating on shares of Envestnet in a research report on Wednesday, March 27th. Jefferies Financial Group upgraded Envestnet from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $47.00 to $59.00 in a research report on Wednesday, May 8th. StockNews.com upgraded Envestnet from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Raymond James lifted their price target on Envestnet from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, DA Davidson lifted their price target on Envestnet from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.14.

Envestnet Stock Performance

Shares of NYSE:ENV opened at $67.82 on Friday. Envestnet, Inc. has a 52 week low of $33.12 and a 52 week high of $68.83. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50 day moving average of $60.10 and a 200 day moving average of $51.26.

Envestnet (NYSE:ENV) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $317.63 million during the quarter, compared to the consensus estimate of $312.24 million. Envestnet had a negative net margin of 15.33% and a positive return on equity of 14.75%. Equities research analysts predict that Envestnet, Inc. will post 1.78 earnings per share for the current fiscal year.

Insider Transactions at Envestnet

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

Envestnet Company 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.