Envestnet (NYSE:ENV) issued its earnings results on Thursday. The business services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02, Briefing.com reports. Envestnet had a negative net margin of 1.72% and a positive return on equity of 9.15%. The firm had revenue of $236.08 million during the quarter, compared to the consensus estimate of $233.02 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 16.2% on a year-over-year basis.
NYSE:ENV traded up $1.24 during trading hours on Friday, hitting $64.44. The stock had a trading volume of 762,836 shares, compared to its average volume of 327,360. Envestnet has a one year low of $46.57 and a one year high of $73.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 51.55, a P/E/G ratio of 2.80 and a beta of 1.76. The business’s 50 day moving average is $59.77 and its 200-day moving average is $64.58.
In other news, COO Joshua Mayer sold 6,881 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $56.15, for a total transaction of $386,368.15. Following the completion of the sale, the chief operating officer now owns 20,190 shares of the company’s stock, valued at $1,133,668.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter D’arrigo sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $62.50, for a total transaction of $312,500.00. Following the sale, the chief financial officer now directly owns 57,747 shares of the company’s stock, valued at approximately $3,609,187.50. The disclosure for this sale can be found here. Insiders have sold 117,375 shares of company stock valued at $6,795,807 in the last three months. 4.97% of the stock is owned by insiders.
Envestnet Company Profile
Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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