Amundi Pioneer Asset Management Inc. Acquires Shares of 148,630 Ellie Mae (ELLI)

Amundi Pioneer Asset Management Inc. purchased a new position in shares of Ellie Mae (NYSE:ELLI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 148,630 shares of the software maker’s stock, valued at approximately $13,287,000. Amundi Pioneer Asset Management Inc. owned approximately 0.43% of Ellie Mae at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in shares of Ellie Mae in the 3rd quarter valued at approximately $139,000. Advisor Group Inc. raised its stake 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 in the last quarter. Barings LLC bought a new position in shares of Ellie Mae in the 4th quarter valued at approximately $201,000. Finally, Atria Investments LLC bought a new position in shares of Ellie Mae in the 4th quarter valued at approximately $261,000.

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Shares of NYSE:ELLI traded down $1.63 during trading on Friday, hitting $92.82. 400,530 shares of the stock were exchanged, compared to its average volume of 418,867. Ellie Mae has a 1-year low of $79.71 and a 1-year high of $114.95. The firm has a market capitalization of $3,238.68, a PE ratio of 90.12, a PEG ratio of 8.03 and a beta of 0.53.

Ellie Mae (NYSE:ELLI) last announced 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 return on equity of 5.39% and a net margin of 12.67%. The company had revenue of $112.89 million for the quarter, compared to analyst estimates of $108.27 million. During the same quarter last year, the firm earned $0.46 EPS. Ellie Mae’s revenue for the quarter was up 17.3% compared to the same quarter last year. equities research analysts anticipate that Ellie Mae will post 0.78 EPS for the current fiscal year.

In related news, CFO Matthew Lavay sold 531 shares of the business’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $91.86, for a total value of $48,777.66. Following the sale, the chief financial officer now owns 19,358 shares of the company’s stock, valued at approximately $1,778,225.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brian E. Brown sold 465 shares of Ellie Mae stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $91.95, for a total value of $42,756.75. Following the completion of the transaction, the executive vice president now owns 17,708 shares of the company’s stock, valued at approximately $1,628,250.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,269 shares of company stock worth $6,660,105 in the last three months. 3.39% of the stock is owned by insiders.

A number of research analysts recently weighed in on ELLI shares. KeyCorp reissued a “buy” rating and issued a $120.00 price objective on shares of Ellie Mae in a research note on Wednesday, March 21st. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Friday, February 9th. Bank of America lowered their target price on Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Oppenheimer reaffirmed a “buy” rating and issued a $110.00 target price on shares of Ellie Mae in a report on Thursday, February 1st. Finally, Morgan Stanley raised their target price on Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Ellie Mae has an average rating of “Buy” and an average target price of $104.91.

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Ellie Mae Profile

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

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

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