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Last $44.82 USD
Change Today -0.30 / -0.66%
Volume 194.7K
ENV On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

envestnet inc (ENV) Snapshot

Open
$45.09
Previous Close
$45.12
Day High
$45.46
Day Low
$44.70
52 Week High
03/20/15 - $58.21
52 Week Low
10/13/14 - $37.76
Market Cap
1.6B
Average Volume 10 Days
452.3K
EPS TTM
$0.43
Shares Outstanding
35.3M
EX-Date
--
P/E TM
103.8x
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 primarily for high-end registered investment advisors (RIAs); 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; and Envestnet | Placemark that develops unified managed account programs and other portfolio management outsourcing solutions. The company sells its products and services to the individual financial advisors of broker dealers and RIAs. Envestnet, Inc. was founded in 1999 and is headquartered in Chicago, Illinois.

1,257 Employees
Last Reported Date: 03/2/15
Founded in 1999

envestnet inc (ENV) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $850.0K
President
Total Annual Compensation: $444.5K
Co-Founder and Chief Investment Officer
Total Annual Compensation: $344.2K
Chief Financial Officer
Total Annual Compensation: $580.0K
Chief Operating Officer
Total Annual Compensation: $422.5K
Compensation as of Fiscal Year 2014.

envestnet inc (ENV) Key Developments

Envestnet, Inc. to Launch New Digital Advice Portal for Independent Advisors

Envestnet, Inc. announced that it will launch Advisor Now, a digital advice portal for independent advisors to improve financial outcomes for investors. Envestnet acquired Upside, a technology company providing digital advice solutions, sometimes called a 'robo-advisor' platform, to financial advisors in February 2015. Advisor Now leverages the benefits of the Upside acquisition, offering digital advice capabilities augmented with the broader Envestnet network's time-tested operations and servicing functionality. Advisor Now combines the components of the Envestnet platform which include: proposal generation and portfolio accounting from Envestnet's Advisor Suite software; trading, rebalancing, and tax optimization from Envestnet | Tamarac's Advisor Xi Suite; reporting and client portals from Envestnet's Advisor Suite and Tamarac's Advisor Xi; automated account opening and risk tolerance questionnaire from Upside; and approved third party investment solutions from Envestnet | PMC.

Envestnet, Inc. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015 and Updates Earnings Guidance for the Year 2015

Envestnet, Inc. announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues increased 23% to $96.5 million from $78.5 million for the first quarter of 2014. Adjusted EBITDA increased 43% to $16.8 million compared to $11.8 million for the first quarter of 2014. Adjusted net income was $8.2 million, or $0.22 per diluted share compared to $6.3 million, or $0.17 per diluted share, for the first quarter of 2014. Net income attributable to the company was $2.5 million, or $0.07 per diluted share compared to $3.0 million, or $0.08 per diluted share, for the first quarter of 2014. The company reported income from operations of $6.7 million compared to $4.1 million, income before income tax provision of $4.5 million compared to $4.2 million, net cash used in operating activities of $2.7 million compared to net cash provided by operating activities of $2.7 million and purchases of property and equipment of $2.1 million compared to $2.0 million for the last year. The company expected adjusted EBITDA to increase 33% to 35% in the second quarter compared to the second quarter of last year. Pretax cash interest expense is still expected to be approximately $800,000, with after-tax impact of approximately $500,000 on adjusted net income. The company expects effective tax rate in the second quarter to be approximately 40% and adjusted earnings per share of $0.22 to $0.23. The company updated earnings guidance for 2015. The company expects EBITDA to grow between 33% and 38% when compared to 2014 and expects revenue growth of 20% to 22% compared to one year ago.

Envestnet, Inc. Launches ENVESTAT

Envestnet, Inc. announced that it has launched ENVESTAT, an analytics platform that will deliver insights, trends and predictions about investor behavior and advisory practices. ENVESTAT will be introduced on May 7, 2015 during the Envestnet Advisor Summit, which is underway at the Hilton Chicago. Envestnet will publish a weekly ENVESTAT report that delivers compelling insights, building towards a comprehensive quarterly commentary. The inaugural series will focus on the key drivers contributing to the growth of an advisory practice. The weekly analytics in this series will explore how much of an advisor's asset growth can be attributed to the following factors: Deepening existing client relationships; Broadening existing client relationships; New client relationships; Market performance; Program selection.

 

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Industry Analysis

ENV

Industry Average

Valuation ENV Industry Range
Price/Earnings 100.0x
Price/Sales 4.3x
Price/Book 7.3x
Price/Cash Flow 47.6x
TEV/Sales 3.3x
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