Jane Street Group LLC acquired a new position in Ellie Mae (NYSE:ELLI) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 5,288 shares of the software maker’s stock, valued at approximately $473,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brown Capital Management LLC raised its holdings in Ellie Mae by 11.9% in the fourth quarter. Brown Capital Management LLC now owns 2,775,314 shares of the software maker’s stock worth $248,113,000 after purchasing an additional 295,702 shares in the last quarter. Standard Life Aberdeen plc increased its holdings in shares of Ellie Mae by 5.4% during the fourth quarter. Standard Life Aberdeen plc now owns 470,081 shares of the software maker’s stock valued at $42,028,000 after acquiring an additional 24,048 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Ellie Mae during the fourth quarter valued at $32,241,000. Dimensional Fund Advisors LP increased its holdings in shares of Ellie Mae by 56.3% during the third quarter. Dimensional Fund Advisors LP now owns 308,930 shares of the software maker’s stock valued at $25,371,000 after acquiring an additional 111,311 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Ellie Mae by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 280,755 shares of the software maker’s stock valued at $25,099,000 after acquiring an additional 1,289 shares in the last quarter.
Several equities analysts have recently weighed in on ELLI shares. Royal Bank of Canada restated an “outperform” rating and set a $106.00 price target on shares of Ellie Mae in a report on Wednesday, February 14th. Zacks Investment Research downgraded Ellie Mae from a “buy” rating to a “hold” rating in a report on Monday, February 12th. KeyCorp restated a “buy” rating and set a $120.00 price target on shares of Ellie Mae in a report on Wednesday, March 21st. Barclays upgraded Ellie Mae from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $114.00 in a report on Tuesday, January 9th. Finally, Compass Point started coverage on Ellie Mae in a report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $104.91.
Ellie Mae stock opened at $92.82 on Monday. Ellie Mae has a one year low of $79.71 and a one year high of $114.95. The firm has a market cap of $3,182.80, a P/E ratio of 90.12, a price-to-earnings-growth ratio of 7.89 and a beta of 0.53.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, beating the 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 analysts’ expectations of $108.27 million. During the same period last year, the firm posted $0.46 earnings per share. Ellie Mae’s revenue was up 17.3% compared to the same quarter last year. research analysts predict that Ellie Mae will post 0.78 EPS for the current fiscal year.
In other Ellie Mae news, CEO Jonathan Corr sold 1,131 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $93.50, for a total value of $105,748.50. Following the transaction, the chief executive officer now directly owns 114,922 shares of the company’s stock, valued at $10,745,207. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gates Cathleen Schreiner sold 13,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $95.56, for a total value of $1,242,280.00. Following the completion of the transaction, the executive vice president now directly owns 56,313 shares in the company, valued at $5,381,270.28. The disclosure for this sale can be found here. Insiders have sold 72,269 shares of company stock worth $6,660,105 over the last ninety days. 3.39% of the stock is currently owned by insiders.
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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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