Ellie Mae Inc (ELLI) Holdings Trimmed by Sylebra HK Co Ltd

Sylebra HK Co Ltd trimmed its holdings in shares of Ellie Mae Inc (NASDAQ:ELLI) by 22.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,090,978 shares of the software maker’s stock after selling 316,529 shares during the quarter. Ellie Mae accounts for about 10.8% of Sylebra HK Co Ltd’s portfolio, making the stock its 4th largest position. Sylebra HK Co Ltd owned 3.17% of Ellie Mae worth $119,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ELLI. Advisor Group Inc. boosted its stake in shares of Ellie Mae by 13.2% in the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after purchasing an additional 118 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Ellie Mae by 8.8% in the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ellie Mae by 9.8% in the 2nd 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 last quarter. Bank of Montreal Can boosted its stake in shares of Ellie Mae by 1.4% in the 2nd 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 last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Ellie Mae in the 1st quarter valued at $214,000.

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Ellie Mae Inc (ELLI) traded up 0.34% on Friday, hitting $83.72. 311,710 shares of the company were exchanged. The stock has a 50 day moving average of $83.55 and a 200 day moving average of $99.32. The company has a market capitalization of $2.88 billion and a price-to-earnings ratio of 55.52. Ellie Mae Inc has a 52 week low of $77.60 and a 52 week high of $114.95.

Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.16. The business had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $110.69 million. Ellie Mae had a net margin of 18.08% and a return on equity of 10.74%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. Analysts predict that Ellie Mae Inc will post $1.49 EPS for the current fiscal year.

Ellie Mae announced that its board has authorized a stock repurchase plan on Tuesday, September 5th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 8.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

A number of research firms have recently commented on ELLI. KeyCorp reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Ellie Mae in a research note on Wednesday, June 14th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Ellie Mae in a research note on Friday, September 1st. ValuEngine lowered shares of Ellie Mae from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Ellie Mae from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective (down from $135.00) on shares of Ellie Mae in a research note on Sunday, July 30th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Ellie Mae currently has a consensus rating of “Buy” and an average price target of $112.95.

In related news, CEO Jonathan Corr sold 2,211 shares of Ellie Mae stock in a transaction on Monday, August 7th. The shares were sold at an average price of $88.44, for a total value of $195,540.84. Following the sale, the chief executive officer now owns 114,902 shares in the company, valued at $10,161,932.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sigmund Anderman sold 1,319 shares of Ellie Mae stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $109.90, for a total transaction of $144,958.10. Following the completion of the sale, the insider now owns 98,321 shares in the company, valued at approximately $10,805,477.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,716 shares of company stock worth $1,670,159.

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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Institutional Ownership by Quarter for Ellie Mae (NASDAQ:ELLI)

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