Envestnet (NYSE:ENV) Rating Reiterated by William Blair

Envestnet (NYSE:ENV)‘s stock had its “market perform” rating reaffirmed by research analysts at William Blair in a research note issued to investors on Thursday, Marketbeat Ratings reports.

A number of other research firms have also recently commented on ENV. Royal Bank of Canada increased their price target on Envestnet from $56.00 to $64.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 8th. StockNews.com downgraded shares of Envestnet from a “hold” rating to a “sell” rating in a research report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and issued a $79.00 price target on shares of Envestnet in a report on Wednesday, April 17th. DA Davidson lifted their price objective on shares of Envestnet from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Raymond James upped their target price on Envestnet from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Envestnet presently has a consensus rating of “Hold” and an average target price of $64.14.

Envestnet Trading Down 0.1 %

Shares of NYSE ENV opened at $61.59 on Thursday. Envestnet has a 1-year low of $33.12 and a 1-year high of $73.04. The business has a fifty day moving average price of $64.16 and a 200 day moving average price of $57.71. The stock has a market capitalization of $3.39 billion, a P/E ratio of -17.30 and a beta of 1.28. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.19 and a quick ratio of 1.19.

Envestnet (NYSE:ENV) last released its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Envestnet had a negative net margin of 15.33% and a positive return on equity of 14.75%. The business had revenue of $324.95 million during the quarter, compared to analyst estimates of $324.85 million. Equities research analysts expect that Envestnet will post 1.78 EPS for the current fiscal year.

Institutional Trading of Envestnet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its position in Envestnet by 20,229.7% in the 4th quarter. Hsbc Holdings PLC now owns 1,824,997 shares of the business services provider’s stock worth $90,027,000 after purchasing an additional 1,816,020 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Envestnet by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 6,015,454 shares of the business services provider’s stock worth $297,885,000 after buying an additional 687,202 shares in the last quarter. Norges Bank acquired a new stake in Envestnet during the fourth quarter valued at $25,319,000. Schroder Investment Management Group purchased a new position in Envestnet in the fourth quarter valued at $21,829,000. Finally, One Fin Capital Management LP acquired a new position in shares of Envestnet in the fourth quarter worth about $14,336,000.

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.