Champlain Investment Partners LLC Increases Position in Envestnet, Inc (ENV)

Champlain Investment Partners LLC raised its stake in shares of Envestnet, Inc (NYSE:ENV) by 10.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 972,915 shares of the business services provider’s stock after buying an additional 94,235 shares during the period. Champlain Investment Partners LLC’s holdings in Envestnet were worth $31,425,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ENV. Janus Capital Management LLC raised its stake in Envestnet by 0.3% in the fourth quarter. Janus Capital Management LLC now owns 3,465,055 shares of the business services provider’s stock valued at $122,143,000 after buying an additional 9,816 shares during the period. Vanguard Group Inc. raised its stake in Envestnet by 4.8% in the first quarter. Vanguard Group Inc. now owns 3,265,731 shares of the business services provider’s stock valued at $105,483,000 after buying an additional 150,179 shares during the period. TimesSquare Capital Management LLC raised its stake in Envestnet by 14.1% in the first quarter. TimesSquare Capital Management LLC now owns 2,235,015 shares of the business services provider’s stock valued at $72,191,000 after buying an additional 275,955 shares during the period. Van Berkom & Associates Inc. raised its stake in Envestnet by 24.9% in the first quarter. Van Berkom & Associates Inc. now owns 1,519,842 shares of the business services provider’s stock valued at $49,091,000 after buying an additional 303,286 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in Envestnet by 11.9% in the first quarter. Stephens Investment Management Group LLC now owns 1,350,787 shares of the business services provider’s stock valued at $43,630,000 after buying an additional 143,692 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Envestnet (NYSE:ENV)

Shares of Envestnet, Inc (ENV) remained flat at $38.10 during midday trading on Thursday. The company had a trading volume of 118,565 shares. The firm’s market cap is $1.67 billion. The firm’s 50 day moving average is $35.93 and its 200-day moving average is $35.83. Envestnet, Inc has a 52 week low of $30.80 and a 52 week high of $41.47.

Envestnet (NYSE:ENV) last issued its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $157.80 million for the quarter, compared to the consensus estimate of $155.56 million. Envestnet had a negative net margin of 9.55% and a positive return on equity of 5.86%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that Envestnet, Inc will post $1.26 EPS for the current year.

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ENV has been the subject of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Envestnet in a research note on Friday, March 24th. Zacks Investment Research lowered shares of Envestnet from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. BidaskClub upgraded shares of Envestnet from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 price objective on shares of Envestnet in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.90.

In related news, President William Crager sold 2,500 shares of the stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $31.33, for a total transaction of $78,325.00. Following the transaction, the president now owns 148,370 shares in the company, valued at $4,648,432.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Judson Bergman acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 31st. The shares were bought at an average price of $32.40 per share, for a total transaction of $32,400.00. Following the transaction, the chief executive officer now owns 665,259 shares of the company’s stock, valued at $21,554,391.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 5,244 shares of company stock worth $186,312 and have sold 17,755 shares worth $579,847. 5.58% of the stock is owned by corporate insiders.

Envestnet Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ENV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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