Healthcare of Ontario Pension Plan Trust Fund Sells 20,200 Shares of Envestnet, Inc. (NYSE:ENV)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Envestnet, Inc. (NYSE:ENV - Free Report) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,000 shares of the business services provider's stock after selling 20,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.28% of Envestnet worth $9,701,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group purchased a new position in Envestnet during the 4th quarter worth approximately $21,829,000. 13D Management LLC raised its position in Envestnet by 88.5% during the fourth quarter. 13D Management LLC now owns 89,671 shares of the business services provider's stock valued at $4,441,000 after buying an additional 42,098 shares during the period. One Fin Capital Management LP purchased a new stake in Envestnet in the 4th quarter worth about $14,336,000. Vanguard Group Inc. boosted its position in Envestnet by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 6,015,454 shares of the business services provider's stock worth $297,885,000 after acquiring an additional 687,202 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Envestnet during the 4th quarter valued at about $236,000.

Analyst Upgrades and Downgrades

ENV has been the subject of a number of research analyst reports. StockNews.com began coverage on shares of Envestnet in a research report on Thursday. They issued a "sell" rating for the company. Raymond James lowered shares of Envestnet from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 17th. UBS Group reaffirmed a "neutral" rating and issued a $63.15 price target (down from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. DA Davidson reissued a "neutral" rating and set a $63.00 price objective on shares of Envestnet in a research report on Wednesday, September 18th. Finally, William Blair reaffirmed a "market perform" rating on shares of Envestnet in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Envestnet presently has an average rating of "Hold" and an average price target of $61.88.

Envestnet Stock Down 0.1 %

NYSE ENV traded down $0.04 during trading on Friday, hitting $62.59. 568,921 shares of the company traded hands, compared to its average volume of 704,526. The company has a market capitalization of $3.45 billion, a P/E ratio of -17.58 and a beta of 1.25. The business has a fifty day simple moving average of $62.53 and a 200 day simple moving average of $62.37. Envestnet, Inc. has a 12 month low of $33.12 and a 12 month high of $73.04. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.70.

Envestnet (NYSE:ENV - Get Free Report) last posted its earnings results on Friday, August 9th. The business services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.07). Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. The company had revenue of $348.30 million during the quarter, compared to analyst estimates of $342.90 million. During the same quarter last year, the firm posted $0.22 earnings per share. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts predict that Envestnet, Inc. will post 1.71 EPS for the current year.

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.