Mutual of America Capital Management LLC Sells 33,770 Shares of Envestnet, Inc. (NYSE:ENV)

Mutual of America Capital Management LLC trimmed its holdings in Envestnet, Inc. (NYSE:ENV) by 81.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,560 shares of the business services provider’s stock after selling 33,770 shares during the period. Mutual of America Capital Management LLC’s holdings in Envestnet were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Envestnet in the second quarter valued at about $46,000. Quest Partners LLC lifted its stake in Envestnet by 6,220.8% in the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 1,493 shares in the last quarter. SG Americas Securities LLC boosted its position in Envestnet by 54.2% during the 3rd quarter. SG Americas Securities LLC now owns 2,687 shares of the business services provider’s stock worth $168,000 after acquiring an additional 945 shares during the last quarter. Federated Hermes Inc. grew its stake 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 worth $169,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in Envestnet in the second quarter valued at $191,000.

Envestnet Stock Performance

ENV opened at $63.14 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. Envestnet, Inc. has a 12-month low of $36.43 and a 12-month high of $73.04. The business has a 50 day moving average of $62.78 and a 200-day moving average of $63.06. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -13.24 and a beta of 1.25.

Analysts Set New Price Targets

A number of research firms have recently commented on ENV. DA Davidson restated a “neutral” rating and set a $63.00 price objective on shares of Envestnet in a research note on Wednesday, September 18th. StockNews.com started coverage on Envestnet in a report on Thursday. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.88.

Envestnet Company Profile

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.