Victory Capital Management Inc. Has $643,000 Position in Envestnet, Inc. (NYSE:ENV)

Victory Capital Management Inc. decreased its stake in Envestnet, Inc. (NYSE:ENV) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,265 shares of the business services provider’s stock after selling 429 shares during the period. Victory Capital Management Inc.’s holdings in Envestnet were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in Envestnet in the second quarter valued at approximately $46,000. Quest Partners LLC lifted its position in shares of Envestnet by 6,220.8% in the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock worth $95,000 after purchasing an additional 1,493 shares during the period. SG Americas Securities LLC boosted its stake in shares of Envestnet by 54.2% in the 3rd quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 945 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Envestnet by 80.0% during the second quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock worth $169,000 after buying an additional 1,200 shares during the period. Finally, Summit Securities Group LLC bought a new position in Envestnet during the second quarter worth $191,000.

Envestnet Stock Performance

Shares of ENV opened at $63.14 on Friday. Envestnet, Inc. has a one year low of $36.43 and a one year high of $73.04. The company has a market cap of $3.49 billion, a PE ratio of -13.24 and a beta of 1.25. The stock has a 50-day moving average of $62.80 and a 200-day moving average of $63.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.59 and a quick ratio of 0.59.

Analysts Set New Price Targets

A number of brokerages have commented on ENV. DA Davidson reaffirmed a “neutral” rating and set a $63.00 price target on shares of Envestnet in a research report on Wednesday, September 18th. StockNews.com began coverage on Envestnet in a research note on Thursday. They issued a “sell” rating on the stock. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.88.

About Envestnet

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.