BlackRock Inc. reduced its stake in Ellie Mae Inc (NYSE:ELLI) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,244,720 shares of the software maker’s stock after selling 4,826 shares during the period. BlackRock Inc. owned 6.50% of Ellie Mae worth $200,679,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ellie Mae by 45.0% in the fourth 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 in the last quarter. Rhumbline Advisers grew its stake in shares of Ellie Mae by 1.5% in the third quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock valued at $3,418,000 after acquiring an additional 607 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Ellie Mae by 69.3% in the third 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 in the last quarter. Stifel Financial Corp grew its stake in shares of Ellie Mae by 42.5% in the third quarter. Stifel Financial Corp now owns 3,502 shares of the software maker’s stock valued at $288,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Ellie Mae by 12.3% in the third quarter. Legal & General Group Plc now owns 13,940 shares of the software maker’s stock valued at $1,143,000 after acquiring an additional 1,527 shares in the last quarter.
In related news, CEO Jonathan Corr sold 1,131 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $93.50, for a total transaction of $105,748.50. Following the completion of the sale, the chief executive officer now owns 114,922 shares of the company’s stock, valued at $10,745,207. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sigmund Anderman sold 18,726 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 81,087 shares of the company’s stock, valued at approximately $7,200,525.60. The disclosure for this sale can be found here. Insiders have sold 84,506 shares of company stock valued at $7,731,382 in the last ninety days. 3.39% of the stock is currently owned by company insiders.
Shares of Ellie Mae Inc (ELLI) opened at $96.90 on Friday. Ellie Mae Inc has a 52-week low of $79.71 and a 52-week high of $114.95. The firm has a market cap of $3,293.20, a PE ratio of 65.47, a P/E/G ratio of 8.17 and a beta of 0.63.
Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.39%. The business had revenue of $112.89 million during the quarter, compared to analysts’ expectations of $108.27 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. Ellie Mae’s revenue was up 17.3% compared to the same quarter last year. equities analysts predict that Ellie Mae Inc will post 0.78 earnings per share for the current fiscal year.
Several equities analysts recently commented on ELLI shares. Morgan Stanley upped their price target on shares of Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Zacks Investment Research downgraded shares of Ellie Mae from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. KeyCorp upped their price target on shares of Ellie Mae from $118.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Compass Point started coverage on shares of Ellie Mae in a research note on Wednesday, January 3rd. They issued a “sell” rating and a $65.00 price target on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $106.00 price target on shares of Ellie Mae in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $106.58.
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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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