Zions Bancorporation N.A. Sells 9,322 Shares of Envestnet, Inc. (NYSE:ENV)

Zions Bancorporation N.A. trimmed its stake in Envestnet, Inc. (NYSE:ENV) by 36.3% during the 3rd quarter, Holdings Channel reports. The firm owned 16,390 shares of the business services provider’s stock after selling 9,322 shares during the quarter. Zions Bancorporation N.A.’s holdings in Envestnet were worth $1,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Innealta Capital LLC bought a new position in Envestnet during the second quarter valued at approximately $46,000. Quest Partners LLC boosted its holdings 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 in the last quarter. SG Americas Securities LLC bought a new position in Envestnet in the 1st quarter worth about $168,000. Federated Hermes Inc. boosted its stake in Envestnet by 80.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock worth $169,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in Envestnet in the 2nd quarter worth about $191,000.

Analyst Ratings Changes

ENV has been the subject of a number of recent analyst reports. DA Davidson reissued a “neutral” rating and issued a $63.00 target price on shares of Envestnet in a research report on Wednesday, September 18th. StockNews.com started coverage on shares of Envestnet in a research report on Tuesday. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.88.

Envestnet Stock Down 0.0 %

Shares of NYSE:ENV opened at $62.96 on Friday. The stock has a 50 day moving average of $62.72 and a 200 day moving average of $63.10. The company has a current ratio of 0.59, a quick ratio of 1.14 and a debt-to-equity ratio of 1.07. Envestnet, Inc. has a 12-month low of $35.49 and a 12-month high of $73.04.

Envestnet 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.