Last $45.87 USD
Change Today -0.14 / -0.30%
Volume 138.2K
ENV On Other Exchanges
Symbol
Exchange
New York
As of 1:45 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

envestnet inc (ENV) Snapshot

Open
$45.91
Previous Close
$46.01
Day High
$46.93
Day Low
$45.65
52 Week High
06/27/14 - $50.38
52 Week Low
09/3/13 - $27.22
Market Cap
1.6B
Average Volume 10 Days
97.8K
EPS TTM
$0.31
Shares Outstanding
34.2M
EX-Date
--
P/E TM
148.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ENVESTNET INC (ENV)

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envestnet inc (ENV) Details

Envestnet, Inc., together with its subsidiaries, provides wealth management software and services to independent financial advisors and financial institutions in the United States and internationally. Its wealth management software unifies the applications and services advisors use to manage their practice and advise their clients, including financial planning; capital markets assumptions; asset allocation guidance; research and due diligence on investment managers and funds; portfolio management, trading, and rebalancing; multi-custodial and aggregated performance reporting; and billing calculation and administration. The company also offers Envestnet | PMC investment solutions and products that include managed account and multi-manager portfolios, mutual fund portfolios, and exchange traded fund (ETF) portfolios; Prima Premium Research comprising research and due diligence on investment managers, mutual funds, ETFs, and liquid alternatives funds; and consulting services. In addition, it provides Envestnet | Tamarac, a portfolio accounting, rebalancing, trading, performance reporting, and client relationship management software principally for high-end registered investment advisors; and Vantage Reporting Solution, a software that aggregates and manages investment data, provides performance reporting and benchmarking, and gives advisors a view of clients’ various investments. Further, the company offers Envestnet | WMS, which provides financial institutions access to an integrated wealth platform that enables to construct and manage portfolio solutions across an account life cycle, primarily in the area of unified managed account trading. The company sells its products and services to the individual financial advisors of broker dealers and registered investment advisor firms. Envestnet, Inc. was founded in 1999 and is headquartered in Chicago, Illinois.

948 Employees
Last Reported Date: 03/17/14
Founded in 1999

envestnet inc (ENV) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $674.6K
President
Total Annual Compensation: $415.0K
Co-Founder and Chief Investment Officer
Total Annual Compensation: $344.2K
Chief Financial Officer
Total Annual Compensation: $437.5K
Chief Technology Officer
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2013.

envestnet inc (ENV) Key Developments

Envestnet, Inc. Provides Earnings Guidance for the Third Quarter of 2014

Envestnet, Inc. provided earnings guidance for the third quarter of 2014. For the third quarter of 2014, relative to last year, the company expects revenue from assets under management or administration to be up 22% to 24%. This reflects an effective fee rate of approximately 13.9 to 14.1 basis points on beginning AUM/A asset base of approximately $210 billion. Licensing and professional services revenue should be up approximately 27% to 31%. The company expects adjusted revenue to increase between 23% and 25%. Adjusted EBITDA is expected to increase 33% to 36%. Regarding income taxes, the company expects effective tax rate for the third quarter to be approximately 40%. These expectations translate to adjusted earnings per share of $0.19.

Envestnet, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Envestnet, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $84.929 million, income from operations of $4.166 million, income before income tax provision of $6.005 million, net income attributable to Envestnet, Inc. of $3.719 million or $0.10 per diluted share compared to $51.632 million, income from operations of $1.757 million, income before income tax provision of $1.943 million, net income attributable to Envestnet, Inc. of $1.118 million or $0.03 per diluted share for the same quarter year ago. Adjusted EBITDA was $12.828 million compared to the $9.305 million for the same quarter year ago. Adjusted net income was $6.616 million or $0.18 per diluted share compared to $4.513 million or $0.13 per diluted share for the same quarter year ago. Adjusted revenues were $84.829 million compared to the $51.655 million for the same quarter year ago. Adjusted revenues increased 64% was primarily due to a 72% increase in revenues from AUM or AUA to $70.7 million from $41.2 million in the prior year period. Revenue from Prudential's Wealth Management Solutions (WMS) business, acquired by the Company in July 2013, is included for the entire second quarter of 2014. For the six months, the company reported total revenues of $163.368 million, income from operations of $8.237 million, income before income tax provision of $10.157 million, net income attributable to Envestnet, Inc. of $6.713 million or $0.18 per diluted share compared to $98.257 million, income from operations of $2.345 million, income before income tax provision of $2.536 million, net income attributable to Envestnet, Inc. of $1.659 million or $0.05 per diluted share for the same period last year. Adjusted EBITDA was $24.599 million compared to the $17.513 million for the same period last year. Adjusted net income was $12.917 million or $0.35 per diluted share compared to $8.584 million or $0.25 per diluted share for the same period last year. Adjusted revenues were $163.368 million compared to the $98.417 million for the same period last year. Net cash provided by operating activities was $21.094 million compared to the $10.167 million for the same period last year. Purchases of property and equipment were $4.841 million compared to the $1.638 million for the same period last year.

Envestnet, Inc. to Report Q2, 2014 Results on Aug 06, 2014

Envestnet, Inc. announced that they will report Q2, 2014 results on Aug 06, 2014

 

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ENV

Industry Average

Valuation ENV Industry Range
Price/Earnings 100.0x
Price/Sales 5.2x
Price/Book 9.6x
Price/Cash Flow 58.5x
TEV/Sales 4.9x
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