Fleetcor Technologies (FLT) Holder Bloom Tree Partners Boosted Stake by $5.47 Million; Three Corner Global Investors LP Continues to Hold Position in Envestnet (ENV)

June 16, 2018 - By Nellie Frank

Envestnet, Inc. (NYSE:ENV) Logo

Three Corner Global Investors Lp increased its stake in Envestnet Inc (ENV) by 26.55% based on its latest 2018Q1 regulatory filing with the SEC. Three Corner Global Investors Lp bought 71,200 shares as the company’s stock declined 3.61% with the market. The hedge fund held 339,397 shares of the miscellaneous company at the end of 2018Q1, valued at $19.45M, up from 268,197 at the end of the previous reported quarter. Three Corner Global Investors Lp who had been investing in Envestnet Inc for a number of months, seems to be bullish on the $2.63B market cap company. The stock decreased 1.11% or $0.65 during the last trading session, reaching $58.1. About 748,847 shares traded or 144.79% up from the average. Envestnet, Inc. (NYSE:ENV) has risen 52.72% since June 16, 2017 and is uptrending. It has outperformed by 40.15% the S&P500. Some Historical ENV News: 15/05/2018 – Envestnet l Tamarac Takes Client Engagement to the Next Level; 10/04/2018 – LJPR Financial Advisors Selects Envestnet | Tamarac Technology to Enhance Client Service and Create Efficiencies; 06/03/2018 Advisor Group Launches ERS-Powered Retirement Plan Central, a Comprehensive Practice Management Platform for Retirement Advisors; 15/05/2018 – Envestnet | Tamarac Takes Client Engagement to the Next Level; 09/05/2018 – ENVESTNET INC SEES FY 2018 ADJUSTED NET INCOME PER DILUTED SHARE OF $1.78-$1.83; 09/05/2018 – ENVESTNET INC ENV.N : D.A. DAVIDSON RAISES TARGET PRICE TO $52 FROM $50; 17/05/2018 – Envestnet Embraces Alexa, Insurance Products — Barrons.com; 21/05/2018 – ENVESTNET INC – PROPOSES TO OFFER $300 MLN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE NOTES DUE 2023; 09/05/2018 – Envestnet Sees FY18 Adj EPS $1.78-Adj EPS $1.83; 26/04/2018 – Envestnet | PMC Launches Three New Impact QPs

Alok Agrawal increased its stake in Fleetcor Technologies Inc (FLT) by 13.13% based on its latest 2018Q1 regulatory filing with the SEC. Bloom Tree Partners Llc bought 27,086 shares as the company’s stock declined 0.90% with the market. The hedge fund run by Alok Agrawal held 233,424 shares of the miscellaneous company at the end of 2018Q1, valued at $47.27M, up from 206,338 at the end of the previous reported quarter. Bloom Tree Partners Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.56B market cap company. The stock increased 0.76% or $1.56 during the last trading session, reaching $207.09. About 702,456 shares traded or 16.55% up from the average. FleetCor Technologies, Inc. (NYSE:FLT) has risen 43.29% since June 16, 2017 and is uptrending. It has outperformed by 30.72% the S&P500. Some Historical FLT News: 03/05/2018 – FleetCor Sees 2018 Adj EPS $10.20-Adj EPS $10.50; 03/05/2018 – FLEETCOR TECHNOLOGIES INC – SEES FULL YEAR 2018 ADJ NET INCOME PER DILUTED SHARE BETWEEN $10.20 AND $10.50; 07/03/2018 – The Shuman Law Firm Investigates FleetCor Technologies, Inc; 27/04/2018 – FLEETCOR TECHNOLOGIES INC SAYS CEO RONALD F. CLARKE’S 2017 TOTAL COMPENSATION WAS $52.6 MLN — SEC FILING; 03/05/2018 – Petrobras Distribuidora and FLEETCOR Partner to Bring Card-less Fuel Payments to BR Gas Stations in Brazil; 15/05/2018 – FleetCor Presenting at JPMorgan Conference Tomorrow; 03/05/2018 – FleetCor Sees 2018 Rev $2.39B-$2.45B; 21/03/2018 – UBER FREIGHT PARTNERS WITH FLEETCOR; 14/03/2018 – FLEETCOR TECHNOLOGIES INC FLT.N : MORGAN STANLEY RAISES TARGET PRICE TO $235 FROM $232; 03/05/2018 – FLEETCOR TECHNOLOGIES – CO DID NOT SEE EVIDENCE OF ACCESS TO PROPRIETARY AND THIRD-PARTY PAYMENT NETWORKS USED TO DELIVER CO’S PAYMENT SOLUTIONS

Among 12 analysts covering Envestnet (NYSE:ENV), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Envestnet had 30 analyst reports since August 11, 2015 according to SRatingsIntel. On Sunday, September 10 the stock rating was maintained by RBC Capital Markets with “Hold”. Northland Capital maintained the stock with “Outperform” rating in Tuesday, August 11 report. Jefferies initiated Envestnet, Inc. (NYSE:ENV) on Thursday, March 24 with “Buy” rating. Stifel Nicolaus maintained Envestnet, Inc. (NYSE:ENV) rating on Wednesday, August 9. Stifel Nicolaus has “Buy” rating and $5200 target. The company was upgraded on Thursday, June 2 by UBS. UBS maintained the stock with “Buy” rating in Tuesday, August 15 report. The rating was maintained by Sandler O’Neill with “Hold” on Tuesday, April 10. The firm earned “Buy” rating on Monday, October 9 by UBS. The stock of Envestnet, Inc. (NYSE:ENV) has “Outperform” rating given on Tuesday, August 11 by Avondale. The firm has “Hold” rating given on Friday, February 23 by Sandler O’Neill.

More recent Envestnet, Inc. (NYSE:ENV) news were published by: Prnewswire.com which released: “Envestnet | Yodlee Unveils AI FinCheck – A New Artificial Intelligence-Driven Financial Wellness Assistant for Financial …” on June 06, 2018. Also Businesswire.com published the news titled: “Envestnet, Inc. to Offer $300 Million of Convertible Notes” on May 21, 2018. Businesswire.com‘s news article titled: “Envestnet, Inc. Announces Closing of Convertible Notes Offering” with publication date: May 25, 2018 was also an interesting one.

Investors sentiment decreased to 1.36 in Q1 2018. Its down 0.37, from 1.73 in 2017Q4. It fall, as 20 investors sold ENV shares while 52 reduced holdings. 34 funds opened positions while 64 raised stakes. 40.31 million shares or 0.76% more from 40.01 million shares in 2017Q4 were reported. Metropolitan Life Ny accumulated 13,591 shares. 1,685 are held by Huntington Comml Bank. Lpl Fincl Ltd Liability Co has invested 0% in Envestnet, Inc. (NYSE:ENV). Goldman Sachs Group Inc Inc accumulated 222,418 shares or 0% of the stock. Federated Inc Pa reported 0.02% stake. Three Corner Glob Investors Lp stated it has 6.3% of its portfolio in Envestnet, Inc. (NYSE:ENV). Schwab Charles holds 257,761 shares. Century owns 153,824 shares or 0.01% of their US portfolio. Bancorporation Of New York Mellon reported 0% in Envestnet, Inc. (NYSE:ENV). Wellington Mngmt Group Incorporated Llp holds 0% or 25,199 shares in its portfolio. Teacher Retirement Sys Of Texas reported 9,806 shares. Acadian Asset Llc has 0% invested in Envestnet, Inc. (NYSE:ENV) for 6,548 shares. Parallax Volatility Advisers Limited Partnership holds 0% or 926 shares. 22,958 are owned by Stifel Fin. Wasatch holds 1.33% in Envestnet, Inc. (NYSE:ENV) or 1.80M shares.

Since January 2, 2018, it had 1 insider purchase, and 19 sales for $5.39 million activity. Another trade for 4,000 shares valued at $223,200 was made by O’Brien Shelly on Monday, May 21. The insider Roame Charles bought $15,595. Another trade for 746 shares valued at $40,918 was sold by CROWELL GAYLE A. On Friday, March 16 the insider Mayer Joshua sold $390,285. Another trade for 40,000 shares valued at $2.39 million was made by Grinis Scott D on Thursday, March 22.

Three Corner Global Investors Lp, which manages about $256.69M and $308.74M US Long portfolio, decreased its stake in Lpl Finl Hldgs Inc (NASDAQ:LPLA) by 166,800 shares to 471,093 shares, valued at $28.77 million in 2018Q1, according to the filing. It also reduced its holding in Cbre Group Inc (NYSE:CBG) by 169,880 shares in the quarter, leaving it with 594,520 shares, and cut its stake in Fleetcor Technologies Inc (NYSE:FLT).

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, February 3 by Keefe Bruyette & Woods. The rating was maintained by Oppenheimer with “Buy” on Monday, February 5. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Hold” rating given on Wednesday, January 17 by Credit Suisse. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Neutral” rating by Compass Point on Friday, April 15. Monness Crespi & Hardt maintained it with “Buy” rating and $173 target in Wednesday, January 27 report. Keefe Bruyette & Woods maintained it with “Buy” rating and $201.5000 target in Monday, August 7 report. As per Friday, August 5, the company rating was upgraded by Oppenheimer. As per Friday, December 11, the company rating was initiated by Credit Suisse. The company was maintained on Thursday, July 13 by Citigroup. The firm has “Buy” rating given on Wednesday, January 10 by Wells Fargo.

Bloom Tree Partners Llc, which manages about $1.41 billion and $1.18B US Long portfolio, decreased its stake in Intercontinental Exchange In (NYSE:ICE) by 67,646 shares to 481,625 shares, valued at $34.93M in 2018Q1, according to the filing. It also reduced its holding in Grupo Televisa Sa (NYSE:TV) by 22,779 shares in the quarter, leaving it with 1.91 million shares, and cut its stake in American Express Co (NYSE:AXP).

FleetCor Technologies, Inc. (NYSE:FLT) Institutional Positions Chart

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