Mackenzie Financial Corp Makes New Investment in Enfusion, Inc. (NYSE:ENFN)

Mackenzie Financial Corp purchased a new stake in shares of Enfusion, Inc. (NYSE:ENFN) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 22,517 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Enfusion in the first quarter valued at approximately $44,000. RiverPark Advisors LLC purchased a new stake in shares of Enfusion during the 2nd quarter valued at $68,000. Arizona State Retirement System bought a new stake in shares of Enfusion during the 2nd quarter worth $86,000. Price T Rowe Associates Inc. MD purchased a new position in Enfusion in the first quarter worth $102,000. Finally, Quadrature Capital Ltd bought a new position in Enfusion in the first quarter valued at $109,000. Institutional investors own 81.05% of the company’s stock.

Enfusion Trading Down 0.6 %

Shares of NYSE ENFN opened at $8.95 on Tuesday. The stock’s 50-day moving average is $8.52 and its 200 day moving average is $8.89. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 298.17, a P/E/G ratio of 2.63 and a beta of 0.92. Enfusion, Inc. has a 1-year low of $7.52 and a 1-year high of $10.45.

Enfusion (NYSE:ENFN) last released its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $49.46 million during the quarter, compared to the consensus estimate of $50.27 million. Enfusion had a net margin of 1.98% and a return on equity of 6.17%. On average, analysts forecast that Enfusion, Inc. will post 0.07 EPS for the current fiscal year.

Enfusion Profile

Enfusion, Inc provides software-as-a-service solutions for investment management industry in the United States, Europe, the Middle East, Africa, and the Asia Pacific. The company provides Portfolio Management System, which generates a real-time investment book of record that consists of valuation and risk tools, which allows users to analyze aggregated or decomposed portfolio data for chief investment officers (CIOs) and portfolio managers; and Order and Execution Management System that enables portfolio managers, traders, compliance teams, and analysts to electronically communicate trade orders for a variety of asset classes, manage trade orders, and systemically enforce trading regulations and internal guidelines.