Standard Life Aberdeen plc boosted its holdings in shares of Ellie Mae Inc (NYSE:ELLI) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 470,081 shares of the software maker’s stock after purchasing an additional 24,048 shares during the quarter. Standard Life Aberdeen plc’s holdings in Ellie Mae were worth $42,028,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of ELLI. Victory Capital Management Inc. purchased a new stake in Ellie Mae during the 3rd quarter worth approximately $139,000. Advisor Group Inc. increased its holdings in shares of Ellie Mae by 69.3% in the 3rd quarter. Advisor Group Inc. now owns 1,717 shares of the software maker’s stock valued at $140,000 after acquiring an additional 703 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after acquiring an additional 602 shares during the last quarter. Barings LLC bought a new stake in shares of Ellie Mae in the 4th quarter valued at approximately $201,000. Finally, Atria Investments LLC bought a new stake in shares of Ellie Mae in the 4th quarter valued at approximately $261,000.
In related news, insider Sigmund Anderman sold 18,726 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $88.80, for a total transaction of $1,662,868.80. Following the completion of the transaction, the insider now owns 81,087 shares in the company, valued at approximately $7,200,525.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan Corr sold 6,747 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $91.23, for a total value of $615,528.81. Following the transaction, the chief executive officer now owns 121,785 shares of the company’s stock, valued at approximately $11,110,445.55. The disclosure for this sale can be found here. Insiders have sold a total of 73,849 shares of company stock valued at $6,713,378 in the last 90 days. Insiders own 3.39% of the company’s stock.
ELLI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Ellie Mae from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Friday, February 9th. Bank of America lowered their price target on Ellie Mae from $115.00 to $110.00 and set a “buy” rating for the company in a report on Friday, February 9th. Needham & Company LLC reiterated a “buy” rating on shares of Ellie Mae in a report on Sunday, October 29th. KeyCorp reiterated a “buy” rating and issued a $116.00 price target on shares of Ellie Mae in a report on Sunday, November 19th. Finally, Oppenheimer reiterated a “buy” rating and issued a $110.00 price target on shares of Ellie Mae in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $106.11.
Ellie Mae Inc (ELLI) opened at $92.42 on Friday. Ellie Mae Inc has a 12-month low of $79.71 and a 12-month high of $114.95. The stock has a market capitalization of $3,163.35, a P/E ratio of 84.79, a P/E/G ratio of 7.86 and a beta of 0.57.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The business had revenue of $112.89 million during the quarter, compared to analyst estimates of $108.27 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. research analysts forecast that Ellie Mae Inc will post 0.78 earnings per share for the current year.
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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