It is Time to “Overweight” Envestnet (ENV), JPMorgan Says. Stock May Be Worth $70.0

July 12, 2018 - By Kyle Williams

Envestnet, Inc. (NYSE:ENV) Logo

Investors sentiment decreased to 1.36 in Q1 2018. Its down 0.37, from 1.73 in 2017Q4. It worsened, as 20 investors sold Envestnet, Inc. shares while 52 reduced holdings. 34 funds opened positions while 64 raised stakes. 40.31 million shares or 0.76% more from 40.01 million shares in 2017Q4 were reported.

Arrowmark Colorado Hldgs Llc owns 0.29% invested in Envestnet, Inc. (NYSE:ENV) for 502,530 shares. Invesco Limited invested in 54,698 shares. 30,984 were accumulated by Ubs Asset Management Americas. Los Angeles Cap Mngmt & Equity Research Inc holds 0.01% or 27,878 shares. Sei Invests Com has invested 0% of its portfolio in Envestnet, Inc. (NYSE:ENV). Voya Invest Mgmt Limited Company holds 0.08% or 615,599 shares. Product Prtn Ltd Liability Company holds 0.16% of its portfolio in Envestnet, Inc. (NYSE:ENV) for 83,239 shares. First Trust Advisors Lp, Illinois-based fund reported 50,414 shares. Moreover, Greenwood Capital Assocs Ltd Liability Co has 0.05% invested in Envestnet, Inc. (NYSE:ENV) for 3,783 shares. Natixis holds 25,005 shares. Van Berkom And Associates reported 2.24% in Envestnet, Inc. (NYSE:ENV). Proshare holds 5,567 shares. Strs Ohio reported 1,700 shares. Loomis Sayles & Ltd Partnership invested 0.06% in Envestnet, Inc. (NYSE:ENV). Scout Investments accumulated 97,550 shares or 0.13% of the stock.

Since January 30, 2018, it had 1 insider purchase, and 18 sales for $4.89 million activity. $42,540 worth of Envestnet, Inc. (NYSE:ENV) was sold by CROWELL GAYLE A on Monday, April 2. The insider O’Brien Shelly sold $219,240. Shares for $2.39M were sold by Grinis Scott D on Thursday, March 22. $390,285 worth of Envestnet, Inc. (NYSE:ENV) was sold by Mayer Joshua. Another trade for 271 shares valued at $15,595 was made by Roame Charles on Tuesday, February 27.

Why Has JPMorgan Given Envestnet (ENV) a $70.0 Price Target

Analysts at JPMorgan began coverage on shares of Envestnet (ENV) in a research note published on 12 July. The financial company set “Overweight” rating on the $2.65B market cap company.

The stock increased 2.32% or $1.325 during the last trading session, reaching $58.525. About 343,121 shares traded or 2.53% up from the average. Envestnet, Inc. (ENV) has risen 52.72% since July 12, 2017 and is uptrending. It has outperformed by 40.15% the S&P500.

Analysts await Envestnet, Inc. (NYSE:ENV) to report earnings on August, 14. They expect $0.23 earnings per share, up 35.29 % or $0.06 from last year’s $0.17 per share. ENV’s profit will be $10.40M for 63.61 P/E if the $0.23 EPS becomes a reality. After $0.24 actual earnings per share reported by Envestnet, Inc. for the previous quarter, Wall Street now forecasts -4.17 % negative EPS growth.

Envestnet, Inc., together with its subsidiaries, provides financial and wealth management software and services in the United States and internationally. The company has market cap of $2.65 billion. It operates through Envestnet and Envestnet | Yodlee business divisions. It has a 149.3 P/E ratio. The companyÂ’s product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, and sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides a portfolio of accounting, rebalancing, trading, performance reporting, and client relationship management software, primarily to high-end registered investment advisers; Envestnet | Retirement Solutions , which offers a suite of services for advisor-sold retirement plans; and Envestnet | PMC (Portfolio Management Consultants) that provides research due diligence and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

More news for Envestnet, Inc. (NYSE:ENV) were recently published by: Streetinsider.com, which released: “JPMorgan Starts Envestnet (ENV) at Overweight; Sees Upside in 2019” on July 12, 2018. Benzinga.com‘s article titled: “Is SS&C Technologies A Buy At Its Current P/E Multiple?” and published on June 27, 2018 is yet another important article.

Envestnet, Inc. (NYSE:ENV) Institutional Positions Chart

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