Ellie Mae, Inc. (ELLI) Stake Boosted by Advisor Group Inc.
Advisor Group Inc. increased its holdings in Ellie Mae, Inc. (NYSE:ELLI) by 69.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,717 shares of the software maker’s stock after acquiring an additional 703 shares during the period. Advisor Group Inc.’s holdings in Ellie Mae were worth $140,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in 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. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ellie Mae by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock valued at $147,000 after purchasing an additional 119 shares during the period. Victory Capital Management Inc. bought a new position in Ellie Mae during the third quarter valued at $139,000. Bank of Montreal Can grew its holdings in 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. Finally, Trexquant Investment LP bought a new position in Ellie Mae during the second quarter valued at $263,000.
In other Ellie Mae news, insider Sigmund Anderman sold 12,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $89.24, for a total transaction of $1,070,880.00. Following the sale, the insider now owns 98,321 shares in the company, valued at $8,774,166.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gates Cathleen Schreiner sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $84.58, for a total value of $101,496.00. Following the sale, the executive vice president now owns 45,049 shares in the company, valued at approximately $3,810,244.42. The disclosure for this sale can be found here. Insiders sold 41,018 shares of company stock worth $3,594,480 in the last quarter. 3.39% of the stock is currently owned by company insiders.
Several brokerages have weighed in on ELLI. Royal Bank Of Canada raised Ellie Mae from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $90.00 to $105.00 in a report on Wednesday, October 18th. KeyCorp restated a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a research report on Sunday, November 19th. J P Morgan Chase & Co restated a “buy” rating on shares of Ellie Mae in a research report on Friday, September 1st. Zacks Investment Research upgraded Ellie Mae from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, BidaskClub upgraded Ellie Mae from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Ellie Mae has an average rating of “Buy” and a consensus target price of $110.71.
Shares of Ellie Mae, Inc. (ELLI) traded down $0.24 during mid-day trading on Friday, hitting $88.15. The company had a trading volume of 250,173 shares, compared to its average volume of 274,462. Ellie Mae, Inc. has a one year low of $79.27 and a one year high of $114.95. The stock has a market capitalization of $3,052.66, a P/E ratio of 70.15, a PEG ratio of 7.43 and a beta of 0.28.
Ellie Mae (NYSE:ELLI) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The company had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.62 million. During the same quarter last year, the business posted $0.60 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. research analysts expect that Ellie Mae, Inc. will post 0.9 EPS for the current year.
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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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