Keybank National Association OH reduced its holdings in shares of Ellie Mae, Inc. (NYSE:ELLI) by 19.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,820 shares of the software maker’s stock after selling 1,436 shares during the period. Keybank National Association OH’s holdings in Ellie Mae were worth $478,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of ELLI. Principal Financial Group Inc. boosted its position in shares of Ellie Mae by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 19,896 shares of the software maker’s stock valued at $1,995,000 after acquiring an additional 321 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Ellie Mae by 2.1% during the 1st quarter. Teachers Advisors LLC now owns 74,482 shares of the software maker’s stock valued at $7,468,000 after acquiring an additional 1,548 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Ellie Mae by 5.2% during the 1st quarter. Legal & General Group Plc now owns 11,247 shares of the software maker’s stock valued at $1,127,000 after acquiring an additional 557 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Ellie Mae during the 1st quarter valued at about $6,858,000. Finally, State Street Corp boosted its position in shares of Ellie Mae by 3.1% during the 1st quarter. State Street Corp now owns 632,534 shares of the software maker’s stock valued at $63,422,000 after acquiring an additional 19,315 shares in the last quarter.
In related news, Director Marina Levinson sold 2,861 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $82.39, for a total transaction of $235,717.79. Following the completion of the sale, the director now directly owns 3,358 shares of the company’s stock, valued at $276,665.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sigmund Anderman sold 12,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 98,321 shares of the company’s stock, valued at $8,774,166.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,057 shares of company stock valued at $3,146,282. Insiders own 3.39% of the company’s stock.
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Ellie Mae, Inc. (NYSE ELLI) opened at $87.94 on Friday. Ellie Mae, Inc. has a 12 month low of $77.60 and a 12 month high of $114.95. The firm has a market cap of $3,050.00, a PE ratio of 70.32, a price-to-earnings-growth ratio of 7.44 and a beta of 0.31.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The company had revenue of $107.00 million during the quarter, compared to the consensus estimate of $105.62 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. equities analysts predict that Ellie Mae, Inc. will post 0.9 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Ellie Mae in a research report on Monday, August 14th. BidaskClub lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Ellie Mae from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $101.00 price target on shares of Ellie Mae in a research report on Wednesday, September 13th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $90.00 price target on shares of Ellie Mae in a research report on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $110.71.
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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