NEW YORK, July 11, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Envestnet, Inc. (NYSE: ENV) and its board of directors concerning the proposed acquisition of the company by Bain Capital. Stockholders will receive $63.15 for each share of Envestnet stock that they hold. The transaction is valued at approximately $4.5 billion and is expected to close in the fourth quarter of 2024. If you are a stockholder of Envestnet, Inc. and are interested in obtaining additi ...

NEW YORK, July 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Envestnet, Inc. (NYSE: ENV), relating to its proposed merger with Bain Capital Private Equity, LP. Under the terms of the agreement, Envestnet shareholders will receive $63.15 per share of En ...

A higher Internet penetration rate and increased usage of smartphones contribute to the increased uptake of digital payments. In light of the prevailing scenario, it has become inevitable to build an enhanced contactless payments suite or upgrade the existing ones. The Zacks-defined Financial – Financial Transaction Services Industry is currently in the top 18% of the Zacks Industry Rank. In the past year, the industry has provided 15.5% returns, while its year-to-date return is 2.5%. Since it is ranked in ...

What's Behind the Rally Envestnet, Inc.'s (ENV) shares have gained an impressive 30.8% year to date, significantly outperforming the 3.6% rally of the industry it belongs to and the 12.5% rise of the Zacks S&P 500 composite. ENV put on an impressive earnings performance in the past four quarters. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched once, delivering an average surprise of 9.4%. Envestnet remains focused on increasing its share of the addressa ...

Envestnet, Inc. reported impressive first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. ENV's earnings per share (EPS) were 60 cents, surpassing the consensus estimate by 11.1%. The bottom line increased 30.4% from the year-ago quarter. Total revenues of $325 million beat the consensus estimate by a slight margin and improved 8.7% on a year-over-year basis. A month has gone by since the last earnings report for Envestnet (ENV) . Shares have added about 2.2% in that t ...

Core Insights - Envestnet is enhancing its platform by deepening partnerships with major asset managers including BlackRock, Fidelity Investments, Franklin Templeton, and State Street Global Advisors to provide customized investment strategies for financial advisors [1][2][4] - The focus of these alliances is on personalization, integrated technology, and solutions that cater to the unique needs of high-net-worth (HNW) investors [2][3][6] - Envestnet currently supports over 109,000 financial advisors and aims to leverage its unified managed account (UMA) capabilities to deliver tailored solutions at scale [1][4][8] Company Developments - Envestnet plans to integrate UMA-eligible personalized direct index solutions from its asset manager partners into its platform, allowing advisors to offer sophisticated solutions to HNW and ultra-high-net-worth (UHNW) clients [6] - The partnerships will involve senior management planning and focused sales efforts to enhance the Envestnet platform's capabilities [4][5] - Envestnet has over $6 trillion in platform assets and serves a wide range of clients, including 17 of the 20 largest U.S. banks and more than 500 of the largest registered investment advisors (RIAs) [11] Industry Trends - There is a growing demand for personalized investment solutions that are affordable and scalable, reflecting a shift towards a more holistic approach to wealth management [3][5] - The collaboration between Envestnet and its partners is expected to drive collective growth through investment and innovation in wealth management solutions [2][4] - The wealth management industry is increasingly focused on technology and customized solutions to improve client engagement and outcomes [5][7]

Shares of Envestnet, Inc. (ENV) have rallied 24.7% over the past year, outperforming the 19.6% growth of the industry it belongs to. The company has an impressive track record with respect to earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matching once. The average beat is 9.4%. Its earnings for 2024 and 2025 are anticipated to grow 23.6% and 14.8%, respectively, year over year. Factors That Bode Well Envestnet's robust recurring revenue is derive ...

BERWYN, Pa., May 15, 2024 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV) announced the winners of its 2024 Asset Manager of the Year Awards during a ceremony at the company's annual Elevate conference. Among the distinguished winners, Causeway Capital Management earned the prestigious title of Manager of the Year for its Causeway International Value ADR Strategy. Causeway Capital Management Named 2024 Asset Manager of the Year by Envestnet Now In Its 20th Year, Envestnet's Asset Manager of the Year Awards Prog ...

The company's shares have gained 74.5% in the past six months, outperforming the 13.2% rally of the industry it belongs to and the 16% rise of the Zacks S&P 500 Composite. Segmental Revenues Asset-based recurring revenues of $202.62 million, which represented 62.4% of the top line, increased 14.5% on a year-over-year basis. Professional services and other non-recurring revenues increased 3.7% from a year-ago quarter to $4.9 million. Subscription-based recurring revenues of $117.5 million increased marginall ...

Preeminent industry event hosts nearly 2,000 Advisors, RIAs, Enterprises and Fintechs who Seek Better Client Outcomes, Growth and Productivity through Envestnet's Wealth Management Platform BERWYN, Pa., May 14, 2024 /PRNewswire/ -- Envestnet (NYSE: ENV), a leading provider of integrated technology, data intelligence and wealth solutions, has kicked off its largest event of the year – Elevate 2024 – the wealth industry's premier technology conference. Taking place in Phoenix, AZ from May 13-15, 2024, nearly ...