|Bid||52.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||56.00 - 56.98|
|52 Week Range||46.57 - 64.80|
|Beta (3Y Monthly)||1.65|
|PE Ratio (TTM)||114.25|
|Earnings Date||Feb 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||62.00|
NEW YORK, Feb. 13, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Envestnet, Inc. , today announced that the Company will host a conference call to discuss fourth quarter and full year financial results on Thursday, February 21, 2019 at 5:00pm ET.
Envestnet Inc NYSE:ENVView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderate for ENV with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding ENV totaled $3.33 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Keith Weiss, who is an analyst for Morgan Stanley, initiated an "underweight" rating on Intuit (NASDAQ:INTU) stock in late 2016. But this week, he changed his tune. Not only has he upgraded INTU stock to "equal-weight," but he put a $225 price target on it. Source: Mike Mozart via Wikimedia (Modified) OK, this still represents less than 1% upside from the current value! But then again, his prior target -- which was at $172 -- really had to be updated. According to Weiss, he believes that INTU stock should benefit from growth in QuickBooks and TurboTax, which should remain in the growth phase for some. He points also out the company's strong competitive advantages and the ongoing innovations in the product lines. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While all this is true, I think Weiss should be much more bullish on Intuit stock. The company represents a compelling play on the fintech market. In fact, for a recent post for InvestorPlace.com, I included Intuit stock as one of my five top picks in the category. Some of the others include PayPal (NASDAQ:PYPL), Envestnet (NYSE:ENV) and LendingTree (NASDAQ:TREE). So here's a look at Inuit stock: ### Intuit Stock: Franchise Power Much of the revenues for Intuit come from TurboTax and QuickBooks. Keep in mind that the company has been the dominant player in each of these categories for more than two decades. * The 9 Best Stocks to Invest In During a Manic Market A key has been an obsessive focus on the customer, which has led to ongoing innovations. For example, in the case of QuickBooks, one of the recent features is one-day payments. There has also been the launch of an advanced version that is geared to the midmarket. Next, the TurboTax business (this also includes the Mint personal finance offering) remains a major cash cow. In fiscal 2018, the revenues from this segment came to $2.52 billion and the operating income was $1.596 billion. This is the kind of margin -- at 63% -- you'd see with a monopoly! Yet TurboTax continues to show steady improvements. Perhaps the most notable example of this is TurboTax Live, which is a service that has CPAs and Enrolled Agents review tax returns. The result has been a 19% increase in tax filer confidence. ### Data, AI and INTU A valuable asset for INTU is its enormous data set. And yes, the company has been finding ways to leverage this. Look at TurboTax. Over the years, the company has gained consent from 25 million users to use their data to get offers for better rates and loans, which has meant a 9X conversion rate for partners. QuickBooks has been effective as well. A good example is the move into providing loans to small businesses. Because of improved underwriting capabilities -- especially with access to company books -- 60% of loan approvals would be considered "un-lendable" by traditional financial institutions. Yet the loss rate is half the industry average. Oh, and 39% of customers apply for a second loan. Finally, INTU has made strides with AI, as seen with QB Assistant. While still in the early phases, it has already processed over 1.5 million questions. ### Intuit Stock: Market Opportunity Even though Intuit was founded back in 1983, the company still has much room left for growth. It certainly helps that the company has found ways to extend its platforms, such as with its Self-Employed app. It targets the fast-growing market for the so-called gig economy. In Intuit's existing market segments, the company has 42 million consumer customers. But the company estimates the opportunity is at a whopping 175 million. As for small business and self-employed category, INTU's base is close to 7 million. Yet the opportunity is roughly 215 million. And looking at the potential spending of both segments, it comes to about $33 billion. By comparison, the annual revenues for INTU are about $6 billion. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Won Super Bowl Sunday * 7 High-Yield ETFs for Brave Investors * 10 F-Rated Stocks That Could Break Your Portfolio Compare Brokers The post 3 Reasons For the Bull Case On Intuit Stock appeared first on InvestorPlace.
Fintech, which is short for "financial technology," has been a booming category during the past few years. Some of the drivers include smartphones, cloud computing, blockchain and artificial intelligence. Many fintechs are still private, like Stripe, Betterment, Ellevest and Robinhood. According to a report from KPMG, VCs (venture capitalists) invested $14.2 billion across 427 companies during the first half of 2018. In fact, we'll probably see some of them hit the IPO market this year. But there are still plenty of fintech companies that are publicly traded. Keep in mind that old-line operators, such as Mastercard (NYSE:MA) and Visa (NYSE:V), are considered part of this class. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 F-Rated Stocks That Could Break Your Portfolio With that in mind, here are five of the best fintech stocks to invest in now. ### Source: Shutterstock ### PayPal (PYPL) A key Silicon strategy is to disrupt massive industries. While this can result in enormous profits, it is extremely tough to pull off. There are some industries that are quite resilient, such as financial services. In light of this, PayPal (NASDAQ:PYPL) has taken a collaborative approach. Part of this has been about integrating many types of payment options, which is what customers prefer. But there has also been an aggressive focus on forming strategic alliances. A prime example is a deal with Walmart (NYSE:WMT) to get a piece of the unbanked market segment. For the most part, PYPL's strategy has worked extremely well. In the latest quarter, the net new active accounts increased by 9.1 million to 254 million and the transaction volume jumped by 27% to 2.5 billion. A major driver for engagement has been from mobile devices. Another strong catalyst for PYPL stock is Venmo, which provides peer-to-peer payments services. Note that the app is a must-have for the Millennial generation. From 2016 to 2018, the total payment volume has gone from 3.2 billion to 16.6 billion. While still early, PYPL is seeing lots of traction with monetization, with 24% of the user base participating. In fact, Venmo is likely to be a strong lever of growth in the coming years. Finally, PYPL has a rock solid balance sheet. There is currently about $10.5 billion in liquid assets. In other words, the company has the resources to engage in aggressive M&A to further bolster its strong fintech platform. ### Source: Mike Mozart via Wikimedia (Modified) ### Intuit (INTU) Founded in 1983, Intuit (NASDAQ:INTU) is a pioneer among fintech stocks. The company started off with simple check-balancing methods. But since then, INTU has expanded into lucrative categories like small business accounting and personal/business taxes. These segments certainly generate substantial amounts of data, which allows for interesting use-cases. One example is QuickBooks Capital. It is a lending service that uses Intuit's accounting data to make loans. Because of Intuit's data advantage, about 60% of customers have obtained approvals for loans that would generally be deemed "un-lendable" by traditional financial institutions. The loss rate is also less than half the industry average. It's also important to note that INTU is bolstering its market opportunity by moving beyond its small business focus. Just look at QuickBooks Online Advanced. This is for the mid-market category (where the employee base ranges from 10 to 100). The market size in the U.S. is about 1.5 million. * 10 Cold Weather Stocks to Heat Up Your Returns In light of the innovation and diversified business assets, it should be no surprise that INTU has been a consistent grower. From 2010 to 2018, revenues have more than doubled to $6 billion. ### Source: Shutterstock ### Envestnet (ENV) Envestnet (NYSE:ENV) develops sophisticated cloud-based technologies for financial advisors, such as independent providers and small- or mid-size firms. EVN's software provides a full suite of services for front, middle and back office needs. The company has built a solid base, with about 93,000 advisors (up 5% in the latest quarter). There are over $2.8 trillion in assets and more than 10 million investor accounts on the system. One of the attractions of ENV is its open architecture. For the most part, the company strives to provide as many options for its advisors as possible. Note that there are over 18,000 products and more than 20,000 data sources. ENV is also poised to benefit from a secular trend in the financial services industry, as more advisors transition from commissions to fee-based compensation. According to Cerulli, the amounts are expected to go from $9.7 trillion in 2017 to $16.7 trillion in 2021. ### Source: Lending Tree ### LendingTree (TREE) LendingTree (NASDAQ:TREE) operates an online marketplace for consumers to purchase financial services. The company has over 500 partners in its network, covering areas like mortgages, insurance, personal loans and credit cards. There is also a plethora of content and tools, such as for getting free credit scores. A critical part of building this platform has been aggressive M&A, such as for ValuePenguin, QuoteWizard, Student Loan Hero and Valore (since 2016, there have been a total of $680 million in transactions). These deals have not only provided top-notch technology but footholds in key growth markets. The result is that the revenue base has become much more diversified. During the past five years, the mortgage concentration has gone from 80% to only 20%. No doubt, this has been important as the mortgage business has come under pressure during the past year or so. * 10 Cold Weather Stocks to Heat Up Your Returns Going forward, the growth story looks to be intact. For this year, the company projects revenues to increase by 29% to 34% or from $990 million to $1.03 billion and adjusted EBITDA to range from $195 million to $205 million. Then again, TREE continues to benefit from major secular trends as financial institutions allocate more resources to digital platforms. ### Source: Investment Zen via Flickr (Modified) ### Global X FinTech ETF (FINX) If you do not want to pick individual fintech stocks to invest in, then you can invest in an exchange-traded fund (ETF) that tracks the fintech markets. And a good choice is the Global X FinTech ETF (NASDAQ:FINX), which has about $288 million in assets. The fund includes 37 stocks that have an average market cap of $9.4 billion. The top five holdings include PYPL, Square (NYSE:SQ), Fiserv (NASDAQ:FISV), SS&C Technologies Holdings (NASDAQ:SSNC) and Fidelity National Information Services (NYSE:FIS). What's more, about 30% of the portfolio companies are based outside the U.S. In terms of the themes for the FINX ETF, they are fairly broad. They are P2P/marketplace lending, enterprise solutions, blockchain/cryptocurrencies, crowdfunding and personal finance software/automated wealth management. The fund has an expense ratio of 0.68% and no dividend yield. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 S&P 500 Stocks to Buy That Tore Up Earnings * 10 Cold Weather Stocks to Heat Up Your Returns * The 7 Best Penny Stocks to Buy Compare Brokers The post 5 Fintech Stocks to Buy As This Mega Trend Gains Steam appeared first on InvestorPlace.
CHICAGO, Jan. 30, 2019 /PRNewswire/ -- Envestnet (ENV) and PIEtech® have come together with Edmond Walters to form Apprise Labs, a new startup focused on building software to address estate planning, lifetime cash flow and client retirement needs. The next generation software will add detailed short-term cash flow and tax information to each firm's financial planning solutions, Envestnet Logix and MoneyGuide. The new add-ons will allow advisors to collaborate with clients through an interactive and rewarding user interface to plan for their family's unique legacy needs. During their on-stage presentation at the T3 Advisor conference tomorrow, Envestnet CEO Jud Bergman, PIEtech co-CEO Bob Curtis and Apprise Labs founder Edmond Walters will unveil that the add-ons will provide advanced, cash flow-based tax and estate planning functionality.
Financial firms and advisors can now harness the power of Envestnet | Yodlee Analytics big data intelligence to identify and quantify how investor portfolios can benefit from tax-smart optimization CHICAGO ...
Visa's (V) top line in Q1 is likely to gain traction from higher payments volumes, led by escalated spending on its debit and credit cards.
Envestnet was informed by BlackRock that some adviser information was inadvertently released, Estee Jimerson, managing director and head of asset manager distribution at Envestnet, said in a statement issued Tuesday. “We are engaged with BlackRock to better understand the content and the advisors who were included in the document,” she said.
New conversational AI puts consumers at the center of the financial experience and advances Yodlee's retail banking and soon, Envestnet's wealth management offerings REDWOOD CITY, Calif. , Jan. 24, 2019 ...
Envestnet (ENV), announced today an organizational structure designed to better position the company to drive innovation and continued growth, and deliver on its vision of creating the premier Financial Wellness Network. “These changes will give our clients greater access to our integrated technology and improve operational effectiveness,” said Jud Bergman, Envestnet Chairman and CEO. Envestnet Wealth Solutions, led by its Chief Executive Bill Crager, will focus on innovation and market growth of the company’s wealth management solutions, which serve RIAs, independent broker dealers, banks and other financial institutions.
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in October, blaming macroeconomic conditions and unpredictable events that hit several sectors, with healthcare among them. Nevertheless, most investors decided to stick to their bullish theses and their long-term focus allows us to profit from the recent declines. […]
CHICAGO, Dec. 10, 2018 /PRNewswire/ -- Envestnet (ENV) recently released the latest technology enhancements for its comprehensive wealth management platform. Product and development teams worked together on more than 400 projects across 3,000+ developer days to plan, build and execute hundreds of platform updates to improve the experience for all types of Envestnet users. "This latest round of enhancements to the Envestnet platform delivers more meaningful and powerful functionality for our users and their clients," said Blake Wood, Senior Vice President, Director Product Strategy at Envestnet.
The 32 graduates of the Envestnet | Yodlee Incubator have raised a total of $82 million in venture capital since graduating REDWOOD CITY, Calif. , Dec. 6, 2018 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ...
Alliance Data (ADS) is considering alternatives for its Epsilon business and intends to deploy proceeds to de-lever balance sheet and return capital to shareholders.
Western Union (WU) strengthens capabilities and enhances customer experience with the unveiling of online money transfer service in Malaysia.