Mutual of America Capital Management LLC Has $473,000 Stake in Envestnet, Inc. (NYSE:ENV)

Mutual of America Capital Management LLC lowered its position in shares of Envestnet, Inc. (NYSE:ENV) by 81.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,560 shares of the business services provider’s stock after selling 33,770 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Envestnet were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Envestnet by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 154,843 shares of the business services provider’s stock worth $8,968,000 after purchasing an additional 48,057 shares in the last quarter. Natixis Advisors LLC bought a new position in Envestnet in the 2nd quarter valued at about $718,000. Dimensional Fund Advisors LP raised its position in shares of Envestnet by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider’s stock valued at $65,057,000 after buying an additional 73,751 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Envestnet during the 2nd quarter worth approximately $2,482,000. Finally, Engaged Capital LLC lifted its stake in Envestnet by 479.8% during the second quarter. Engaged Capital LLC now owns 692,483 shares of the business services provider’s stock worth $43,343,000 after purchasing an additional 573,049 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ENV shares. DA Davidson reiterated a “neutral” rating and issued a $63.00 price target on shares of Envestnet in a research note on Wednesday, September 18th. StockNews.com initiated coverage on shares of Envestnet in a research note on Thursday. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.88.

Envestnet Price Performance

Shares of NYSE ENV opened at $63.14 on Thursday. Envestnet, Inc. has a 1 year low of $36.43 and a 1 year high of $73.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $3.49 billion, a PE ratio of -13.24 and a beta of 1.25. The company has a 50 day simple moving average of $62.78 and a 200 day simple moving average of $63.06.

Envestnet 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.