Fiera Capital Corp Has $31.36 Million Position in Envestnet Inc (ENV)

Fiera Capital Corp decreased its position in Envestnet Inc (NYSE:ENV) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 637,520 shares of the business services provider’s stock after selling 5,968 shares during the quarter. Fiera Capital Corp owned about 1.39% of Envestnet worth $31,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in Envestnet by 23.5% in the 4th quarter. Bank of Montreal Can now owns 1,410 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 268 shares during the last quarter. Strs Ohio raised its stake in Envestnet by 15.8% in the 4th quarter. Strs Ohio now owns 2,200 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Envestnet by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,104 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 320 shares during the last quarter. LPL Financial LLC raised its stake in Envestnet by 8.0% in the 4th quarter. LPL Financial LLC now owns 5,254 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 387 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in Envestnet by 5.6% in the 4th quarter. Stephens Inc. AR now owns 9,914 shares of the business services provider’s stock valued at $488,000 after purchasing an additional 526 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

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ENV opened at $61.09 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 48.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.81. Envestnet Inc has a 12 month low of $46.57 and a 12 month high of $64.80.

Envestnet (NYSE:ENV) last posted its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.43 by $0.18. The company had revenue of $210.08 million during the quarter, compared to analysts’ expectations of $210.52 million. Envestnet had a return on equity of 12.35% and a net margin of 0.71%. As a group, sell-side analysts forecast that Envestnet Inc will post 1.53 EPS for the current fiscal year.

In other news, COO Joshua Mayer sold 1,162 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $61.15, for a total transaction of $71,056.30. Following the completion of the sale, the chief operating officer now owns 36,222 shares in the company, valued at approximately $2,214,975.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anil Arora sold 5,117 shares of the business’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $53.92, for a total value of $275,908.64. Following the sale, the insider now owns 65,312 shares of the company’s stock, valued at approximately $3,521,623.04. The disclosure for this sale can be found here. Insiders have sold a total of 9,462 shares of company stock valued at $521,883 in the last quarter. Company insiders own 5.49% of the company’s stock.

Several analysts have commented on ENV shares. DA Davidson upgraded Envestnet from a “neutral” rating to a “buy” rating in a report on Thursday, November 8th. Buckingham Research started coverage on Envestnet in a report on Thursday, January 10th. They issued a “buy” rating and a $63.00 price target for the company. Raymond James lowered their price target on Envestnet from $71.00 to $60.00 and set a “strong-buy” rating for the company in a report on Thursday, January 3rd. Zacks Investment Research upgraded Envestnet from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Finally, JMP Securities lowered their price target on Envestnet from $76.00 to $67.00 and set a “market outperform” rating for the company in a report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Envestnet has an average rating of “Buy” and an average price target of $64.22.

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Envestnet Company Profile

Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

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