UBS Group AG lifted its position in shares of Ellie Mae Inc (NYSE:ELLI) by 18,912.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 138,217 shares of the software maker’s stock after buying an additional 137,490 shares during the period. UBS Group AG’s holdings in Ellie Mae were worth $12,708,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in Ellie Mae by 6.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 161,018 shares of the software maker’s stock worth $14,396,000 after purchasing an additional 9,172 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 purchasing an additional 602 shares during the period. Teacher Retirement System of Texas raised its stake in Ellie Mae by 317.1% during the fourth quarter. Teacher Retirement System of Texas now owns 11,676 shares of the software maker’s stock worth $1,044,000 after purchasing an additional 8,877 shares during the period. Swiss National Bank raised its stake in Ellie Mae by 4.1% during the fourth quarter. Swiss National Bank now owns 58,600 shares of the software maker’s stock worth $5,239,000 after purchasing an additional 2,300 shares during the period. Finally, Barings LLC purchased a new position in Ellie Mae during the fourth quarter worth approximately $201,000.
ELLI has been the topic of a number of recent analyst reports. KeyCorp reaffirmed a “buy” rating and set a $120.00 price target on shares of Ellie Mae in a research note on Wednesday, March 21st. Zelman & Associates raised shares of Ellie Mae from a “sell” rating to a “hold” rating in a research report on Friday, April 20th. Bank of America lowered shares of Ellie Mae from a “buy” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research report on Monday, April 16th. JPMorgan Chase & Co. lowered shares of Ellie Mae from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $112.00 to $118.00 in a research report on Thursday. They noted that the move was a valuation call. Finally, Royal Bank of Canada increased their price objective on shares of Ellie Mae to $125.00 and gave the stock an “outperform” rating in a research report on Monday, June 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $103.33.
In related news, EVP Brian E. Brown sold 465 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $91.95, for a total transaction of $42,756.75. Following the completion of the sale, the executive vice president now directly owns 17,708 shares of the company’s stock, valued at approximately $1,628,250.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew Lavay sold 531 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $91.86, for a total transaction of $48,777.66. Following the sale, the chief financial officer now directly owns 19,358 shares of the company’s stock, valued at $1,778,225.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,405 shares of company stock valued at $3,901,979. Company insiders own 3.14% of the company’s stock.
Ellie Mae opened at $109.77 on Monday, Marketbeat reports. Ellie Mae Inc has a 52-week low of $79.71 and a 52-week high of $116.90. The firm has a market capitalization of $3.77 billion, a PE ratio of 106.57, a price-to-earnings-growth ratio of 7.11 and a beta of 0.58.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings results on Thursday, April 26th. The software maker reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.25. The business had revenue of $117.91 million during the quarter, compared to analyst estimates of $108.80 million. Ellie Mae had a net margin of 10.28% and a return on equity of 5.73%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. research analysts forecast that Ellie Mae Inc will post 0.86 EPS for the current fiscal year.
About Ellie Mae
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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