10,270 Shares in Envestnet, Inc. (NYSE:ENV) Bought by LMR Partners LLP

LMR Partners LLP acquired a new stake in Envestnet, Inc. (NYSE:ENV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,270 shares of the business services provider’s stock, valued at approximately $643,000.

A number of other large investors have also modified their holdings of ENV. Quest Partners LLC grew its position in shares of Envestnet by 2,100.6% during the 3rd quarter. Quest Partners LLC now owns 33,383 shares of the business services provider’s stock valued at $2,090,000 after acquiring an additional 31,866 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Envestnet in the third quarter valued at approximately $8,472,000. Geneva Capital Management LLC increased its position in shares of Envestnet by 0.5% in the third quarter. Geneva Capital Management LLC now owns 863,398 shares of the business services provider’s stock valued at $54,066,000 after buying an additional 4,042 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Envestnet by 15.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 31,581 shares of the business services provider’s stock worth $1,978,000 after buying an additional 4,218 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Envestnet by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 271,766 shares of the business services provider’s stock valued at $17,018,000 after buying an additional 22,462 shares in the last quarter.

Wall Street Analyst Weigh In

ENV has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of Envestnet in a report on Wednesday. They issued a “sell” rating for the company. DA Davidson reissued a “neutral” rating and set a $63.00 target price on shares of Envestnet in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.88.

Envestnet Trading Down 0.0 %

Shares of ENV opened at $63.07 on Wednesday. Envestnet, Inc. has a 52-week low of $36.43 and a 52-week high of $73.04. The stock has a market cap of $3.49 billion, a PE ratio of -13.22 and a beta of 1.25. The firm’s fifty day moving average is $62.73 and its two-hundred day moving average is $63.11. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.07.

About Envestnet

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.