Invictus RG acquired a new stake in Envestnet Inc (NYSE:ENV) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,681 shares of the business services provider’s stock, valued at approximately $392,000.

Other hedge funds have also made changes to their positions in the company. OxFORD Asset Management LLP purchased a new stake in shares of Envestnet during the 3rd quarter worth approximately $2,615,000. Brown Advisory Inc. lifted its position in shares of Envestnet by 4.9% during the 3rd quarter. Brown Advisory Inc. now owns 885,250 shares of the business services provider’s stock worth $45,148,000 after buying an additional 41,176 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Envestnet by 10.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 204,030 shares of the business services provider’s stock worth $10,406,000 after buying an additional 18,533 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Envestnet by 16.5% during the 3rd quarter. Legal & General Group Plc now owns 18,188 shares of the business services provider’s stock worth $925,000 after buying an additional 2,576 shares during the last quarter. Finally, American International Group Inc. lifted its position in shares of Envestnet by 8.1% during the 3rd quarter. American International Group Inc. now owns 28,889 shares of the business services provider’s stock worth $1,473,000 after buying an additional 2,161 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

In other news, insider Shelly O’brien sold 1,500 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $48.13, for a total transaction of $72,195.00. Following the transaction, the insider now directly owns 37,686 shares of the company’s stock, valued at approximately $1,813,827.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Peter D’arrigo sold 30,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $51.49, for a total transaction of $1,544,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,574 shares of company stock worth $10,881,077. Corporate insiders own 5.58% of the company’s stock.

Shares of Envestnet Inc (NYSE:ENV) traded up $0.65 on Wednesday, reaching $49.15. 350,600 shares of the company’s stock traded hands, compared to its average volume of 269,806. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2,148.83, a PE ratio of 62.18, a P/E/G ratio of 3.60 and a beta of 1.91. Envestnet Inc has a 12 month low of $30.80 and a 12 month high of $55.15.

Envestnet (NYSE:ENV) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The company had revenue of $175.61 million for the quarter, compared to analysts’ expectations of $171.57 million. During the same period in the previous year, the company posted $0.28 EPS. Envestnet’s revenue was up 17.7% compared to the same quarter last year. sell-side analysts anticipate that Envestnet Inc will post 0.9 EPS for the current fiscal year.

ENV has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $52.00 price objective on shares of Envestnet in a research report on Tuesday, September 26th. Raymond James Financial boosted their price objective on shares of Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Jefferies Group boosted their price objective on shares of Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Envestnet from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, October 10th. Finally, UBS reiterated a “buy” rating and issued a $63.00 price target (up previously from $50.00) on shares of Envestnet in a research report on Monday, October 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.13.

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About Envestnet

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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