Cornercap Investment Counsel Inc. Sells 4,890 Shares of Envestnet, Inc. (NYSE:ENV)

Cornercap Investment Counsel Inc. lessened its holdings in Envestnet, Inc. (NYSE:ENV) by 51.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,690 shares of the business services provider’s stock after selling 4,890 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Envestnet were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ENV. Innealta Capital LLC purchased a new position in shares of Envestnet during the 2nd quarter valued at $46,000. Quest Partners LLC lifted its position in shares of Envestnet by 6,220.8% during the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock valued at $95,000 after buying an additional 1,493 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Envestnet during the 1st quarter valued at $168,000. Federated Hermes Inc. lifted its position in shares of Envestnet by 80.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after buying an additional 1,200 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Envestnet during the 2nd quarter valued at $191,000.

Envestnet Trading Down 0.0 %

NYSE ENV opened at $62.94 on Monday. Envestnet, Inc. has a fifty-two week low of $36.01 and a fifty-two week high of $73.04. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.14 and a current ratio of 0.59. The stock has a 50 day simple moving average of $62.72 and a two-hundred day simple moving average of $63.11. The stock has a market cap of $3.48 billion, a P/E ratio of -13.19 and a beta of 1.25.

Analyst Ratings Changes

A number of analysts recently issued reports on ENV shares. StockNews.com started coverage on Envestnet in a report on Tuesday, November 12th. They set a “sell” rating on the stock. DA Davidson reissued a “neutral” rating and set a $63.00 price objective on shares of Envestnet in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently 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.