Ellie Mae, Inc. (ELLI) Holdings Reduced by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. trimmed its position in shares of Ellie Mae, Inc. (NYSE:ELLI) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,015 shares of the software maker’s stock after selling 1,057 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ellie Mae were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ELLI. Bank of Montreal Can boosted its stake in shares of Ellie Mae by 1.4% during the second quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock valued at $200,000 after purchasing an additional 25 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Ellie Mae by 8.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,230 shares of the software maker’s stock valued at $135,000 after purchasing an additional 100 shares during the period. Strs Ohio boosted its stake in shares of Ellie Mae by 19.5% during the second quarter. Strs Ohio now owns 4,900 shares of the software maker’s stock valued at $538,000 after purchasing an additional 800 shares during the period. TD Asset Management Inc. boosted its stake in shares of Ellie Mae by 15.5% during the second quarter. TD Asset Management Inc. now owns 72,135 shares of the software maker’s stock valued at $7,928,000 after purchasing an additional 9,706 shares during the period. Finally, Global X Management Co. LLC boosted its stake in shares of Ellie Mae by 400.0% during the second quarter. Global X Management Co. LLC now owns 3,530 shares of the software maker’s stock valued at $388,000 after purchasing an additional 2,824 shares during the period.
In other Ellie Mae news, insider Sigmund Anderman sold 12,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $89.24, for a total value of $1,070,880.00. Following the completion of the transaction, the insider now directly owns 98,321 shares in the company, valued at $8,774,166.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jonathan Corr sold 2,211 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $83.76, for a total transaction of $185,193.36. The disclosure for this sale can be found here. Insiders sold 43,343 shares of company stock valued at $3,812,154 over the last quarter. 3.39% of the stock is currently owned by corporate insiders.
Ellie Mae, Inc. (NYSE ELLI) opened at $91.46 on Friday. The company has a market cap of $3,184.24, a PE ratio of 73.18, a price-to-earnings-growth ratio of 7.75 and a beta of 0.28. Ellie Mae, Inc. has a fifty-two week low of $79.71 and a fifty-two week high of $114.95.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. The business had revenue of $107.00 million during the quarter, compared to the consensus estimate of $105.62 million. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. equities analysts expect that Ellie Mae, Inc. will post 0.9 EPS for the current fiscal year.
ELLI has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “strong-buy” rating and set a $100.00 target price for the company in a research note on Tuesday, October 31st. Barclays boosted their target price on shares of Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Needham & Company LLC reissued a “buy” rating on shares of Ellie Mae in a research note on Sunday, October 29th. KeyCorp restated a “buy” rating and issued a $116.00 price objective on shares of Ellie Mae in a report on Wednesday, October 4th. Finally, ValuEngine upgraded Ellie Mae from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $110.71.
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Ellie Mae Profile
Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.
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