US Bancorp DE Reduces Holdings in Envestnet, Inc. (NYSE:ENV)

US Bancorp DE reduced its position in Envestnet, Inc. (NYSE:ENVFree Report) by 81.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,233 shares of the business services provider’s stock after selling 18,250 shares during the period. US Bancorp DE’s holdings in Envestnet were worth $265,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Envestnet during the second quarter worth approximately $46,000. Quest Partners LLC grew its position in shares of Envestnet by 6,220.8% during the second quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock worth $95,000 after acquiring an additional 1,493 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Envestnet in the 1st quarter valued at $168,000. Federated Hermes Inc. raised its position in Envestnet by 80.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Envestnet during the 2nd quarter worth $191,000.

Envestnet Price Performance

ENV stock opened at $62.97 on Thursday. The firm has a 50 day moving average of $62.72 and a 200-day moving average of $63.10. The company has a market cap of $3.49 billion, a price-to-earnings ratio of -13.20 and a beta of 1.25. The company has a current ratio of 0.59, a quick ratio of 1.14 and a debt-to-equity ratio of 1.07. Envestnet, Inc. has a 12-month low of $34.87 and a 12-month high of $73.04.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ENV. Raymond James lowered shares of Envestnet from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. StockNews.com assumed coverage on Envestnet in a research report on Tuesday. They issued a “sell” rating on the stock. Finally, DA Davidson reaffirmed a “neutral” rating and set a $63.00 price objective on shares of Envestnet in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.88.

View Our Latest Research Report on ENV

Envestnet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

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