Ross K. Chapin Sells 1,987 Shares of Envestnet Inc (NYSE:ENV) Stock

Envestnet Inc (NYSE:ENV) Director Ross K. Chapin sold 1,987 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $68.40, for a total transaction of $135,910.80. Following the completion of the sale, the director now owns 44,493 shares in the company, valued at approximately $3,043,321.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:ENV opened at $68.37 on Friday. Envestnet Inc has a 1-year low of $46.57 and a 1-year high of $72.67. The business has a 50-day simple moving average of $68.22. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 56.50, a PEG ratio of 3.01 and a beta of 1.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.60.

Envestnet (NYSE:ENV) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). Envestnet had a positive return on equity of 10.28% and a negative net margin of 2.52%. The business had revenue of $199.70 million during the quarter, compared to analysts’ expectations of $201.37 million. During the same period last year, the company earned $0.37 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Envestnet Inc will post 1.4 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in ENV. Hartford Financial Management Inc. bought a new stake in shares of Envestnet in the 4th quarter valued at about $49,000. Marshall Wace LLP bought a new stake in shares of Envestnet in the 1st quarter valued at about $50,000. Advisors Asset Management Inc. bought a new stake in shares of Envestnet in the 4th quarter valued at about $58,000. Bank of Montreal Can boosted its holdings in shares of Envestnet by 23.5% in the 4th quarter. Bank of Montreal Can now owns 1,410 shares of the business services provider’s stock valued at $69,000 after buying an additional 268 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Envestnet by 37.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 1,375 shares of the business services provider’s stock valued at $90,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

A number of research analysts have recently commented on ENV shares. SunTrust Banks started coverage on shares of Envestnet in a report on Thursday, April 18th. They issued a “buy” rating and a $80.00 price target on the stock. UBS Group upped their price target on shares of Envestnet from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. TheStreet cut shares of Envestnet from a “b” rating to a “c+” rating in a report on Thursday, May 9th. Zacks Investment Research upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, JMP Securities upped their price target on shares of Envestnet from $67.00 to $72.00 and gave the stock a “market outperform” rating in a report on Friday, March 15th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Envestnet has a consensus rating of “Buy” and an average price target of $73.20.

About Envestnet

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 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.

Featured Story: Market Capitalization

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

Receive News & Ratings for Envestnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envestnet and related companies with MarketBeat.com's FREE daily email newsletter.