LMR Partners LLP Purchases New Stake in Envestnet, Inc. (NYSE:ENV)

LMR Partners LLP acquired a new position in shares of Envestnet, Inc. (NYSE:ENV) during the third quarter, according to the company in its most recent Form 13F filing 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.

Several other large investors also recently added to or reduced their stakes in ENV. Innealta Capital LLC purchased a new stake in shares of Envestnet in the 2nd quarter valued at approximately $46,000. Quest Partners LLC grew its position in Envestnet by 6,220.8% in 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 period. SG Americas Securities LLC increased its stake in Envestnet by 54.2% during the third quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock worth $168,000 after acquiring an additional 945 shares during the last quarter. Federated Hermes Inc. raised its position in Envestnet by 80.0% in the second 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 period. Finally, Summit Securities Group LLC purchased a new position in shares of Envestnet during the 2nd quarter worth $191,000.

Analyst Ratings Changes

Several analysts recently issued reports on ENV shares. DA Davidson restated a “neutral” rating and issued a $63.00 price objective on shares of Envestnet in a report on Wednesday, September 18th. StockNews.com started coverage on shares of Envestnet in a research report on Wednesday. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Envestnet presently has an average rating of “Hold” and a consensus price target of $61.88.

Envestnet Stock Down 0.0 %

Shares of NYSE:ENV opened at $63.07 on Wednesday. The firm has a market capitalization of $3.49 billion, a PE ratio of -13.22 and a beta of 1.25. Envestnet, Inc. has a 1 year low of $36.43 and a 1 year high of $73.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s 50-day moving average is $62.73 and its two-hundred day moving average is $63.11.

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.