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 ...

"Many financial advisors see the value in technology and customized solutions that can save time and allow for improved client engagement, while also supporting an increasingly more holistic approach to wealth management and financial planning," said Allison Bonds Mazza, Head of Intermediary for State Street Global Advisors. "Through our partnership with Envestnet, State Street Global Advisors can continue to drive our mission forward to create better outcomes for investors and the people they serve, by lev ...

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 ...

Partnership to Provide Seamless Financial Planning Experiences for Financial Services Customers in the United States BERWYN, Pa., May 13, 2024 /PRNewswire/ -- Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, and Salesforce, the global leader in CRM, today announced a partnership to deliver a connected and seamless financial planning experience for Envestnet customers using Salesforce's Financial Services Cloud (FSC).      The goal of the partnership is to deliv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34835 Envestnet, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpor ...