Mutual of America Capital Management LLC Sells 23,629 Shares of Envestnet, Inc. (NYSE:ENV)

Mutual of America Capital Management LLC reduced its stake in Envestnet, Inc. (NYSE:ENV) by 73.1% during the 4th quarter, HoldingsChannel reports. The firm owned 8,705 shares of the business services provider’s stock after selling 23,629 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Envestnet were worth $431,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ENV. SG Americas Securities LLC boosted its holdings in shares of Envestnet by 76.9% in the 3rd quarter. SG Americas Securities LLC now owns 28,630 shares of the business services provider’s stock worth $1,261,000 after acquiring an additional 12,450 shares in the last quarter. Argent Capital Management LLC boosted its holdings in shares of Envestnet by 32.7% in the 3rd quarter. Argent Capital Management LLC now owns 5,167 shares of the business services provider’s stock worth $228,000 after acquiring an additional 1,274 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Envestnet by 13.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,575 shares of the business services provider’s stock worth $5,397,000 after acquiring an additional 14,916 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Envestnet by 39.8% in the 3rd quarter. TD Asset Management Inc now owns 35,834 shares of the business services provider’s stock worth $1,578,000 after acquiring an additional 10,200 shares in the last quarter. Finally, Summit Creek Advisors LLC boosted its holdings in shares of Envestnet by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 345,682 shares of the business services provider’s stock worth $15,220,000 after acquiring an additional 1,248 shares in the last quarter.

Envestnet Stock Up 1.3 %

NYSE:ENV opened at $62.50 on Wednesday. The stock’s fifty day moving average price is $55.21 and its two-hundred day moving average price is $48.18. 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 1.53, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $3.42 billion, a price-to-earnings ratio of -14.30 and a beta of 1.31.

Envestnet (NYSE:ENV) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. The firm had revenue of $317.63 million for the quarter, compared to the consensus estimate of $312.24 million. Envestnet had a positive return on equity of 12.27% and a negative net margin of 19.17%. On average, analysts anticipate that Envestnet, Inc. will post 1.78 EPS for the current year.

Insider Buying and Selling at Envestnet

In other Envestnet news, Director Lauren Taylor Wolfe bought 1,670 shares of the company’s stock in a transaction on Friday, March 15th. The stock was bought at an average price of $52.99 per share, for a total transaction of $88,493.30. Following the transaction, the director now owns 4,188,871 shares of the company’s stock, valued at approximately $221,968,274.29. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Envestnet news, insider Matthew Majoros sold 700 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $56.92, for a total transaction of $39,844.00. Following the completion of the sale, the insider now owns 15,212 shares in the company, valued at approximately $865,867.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Taylor Wolfe bought 1,670 shares of the company’s stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $52.99 per share, with a total value of $88,493.30. Following the transaction, the director now directly owns 4,188,871 shares in the company, valued at approximately $221,968,274.29. The disclosure for this purchase can be found here. Corporate insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

ENV has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on Envestnet from $47.00 to $56.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. JMP Securities reissued a “market outperform” rating and issued a $79.00 target price on shares of Envestnet in a report on Wednesday, April 17th. William Blair reissued an “outperform” rating on shares of Envestnet in a report on Wednesday, March 27th. Raymond James upped their price objective on Envestnet from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, DA Davidson upped their price objective on Envestnet from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.67.

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.