TIAA CREF Investment Management LLC decreased its stake in Ellie Mae (NYSE:ELLI) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,146 shares of the software maker’s stock after selling 6,690 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.36% of Ellie Mae worth $11,099,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ellie Mae by 45.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock worth $174,000 after acquiring an additional 602 shares during the last quarter. Rhumbline Advisers boosted its position in Ellie Mae by 1.5% during the third quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock worth $3,418,000 after acquiring an additional 607 shares during the last quarter. Natixis Asset Management boosted its position in Ellie Mae by 1.4% during the fourth quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock worth $4,555,000 after acquiring an additional 715 shares during the last quarter. Raymond James & Associates boosted its position in Ellie Mae by 4.4% during the fourth quarter. Raymond James & Associates now owns 22,816 shares of the software maker’s stock worth $2,040,000 after acquiring an additional 965 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Ellie Mae by 42.5% during the third quarter. Stifel Financial Corp now owns 3,502 shares of the software maker’s stock worth $288,000 after acquiring an additional 1,044 shares during the last quarter.
A number of equities analysts recently weighed in on the stock. KeyCorp restated a “buy” rating and set a $120.00 price target on shares of Ellie Mae in a research report on Wednesday, March 21st. Royal Bank of Canada restated an “outperform” rating and set a $106.00 price target on shares of Ellie Mae in a research report on Wednesday, February 14th. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Stephens reaffirmed a “hold” rating and set a $92.00 target price on shares of Ellie Mae in a research note on Friday, February 9th. Finally, Bank of America reduced their target price on shares of Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $104.91.
In other news, insider Sigmund Anderman sold 3,151 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $90.35, for a total value of $284,692.85. Following the sale, the insider now directly owns 59,262 shares of the company’s stock, valued at approximately $5,354,321.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Hirsch sold 2,029 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $90.28, for a total transaction of $183,178.12. Following the completion of the sale, the executive vice president now directly owns 14,238 shares in the company, valued at $1,285,406.64. The disclosure for this sale can be found here. Insiders sold a total of 72,269 shares of company stock worth $6,660,105 over the last three months. Insiders own 3.39% of the company’s stock.
Shares of ELLI stock opened at $92.82 on Friday. Ellie Mae has a 12 month low of $79.71 and a 12 month high of $114.95. The stock has a market cap of $3,238.68, a price-to-earnings ratio of 86.65, a PEG ratio of 8.03 and a beta of 0.53.
Ellie Mae (NYSE:ELLI) last issued its earnings results on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.39%. The company had revenue of $112.89 million for the quarter, compared to the consensus estimate of $108.27 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Ellie Mae’s quarterly revenue was up 17.3% compared to the same quarter last year. equities analysts predict that Ellie Mae will post 0.78 EPS for the current fiscal year.
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Ellie Mae Company 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.
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