Atlantic Trust Group LLC decreased its stake in Ellie Mae Inc (NYSE:ELLI) by 9.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,937 shares of the software maker’s stock after selling 1,065 shares during the period. Atlantic Trust Group LLC’s holdings in Ellie Mae were worth $914,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its holdings 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. Jane Street Group LLC bought a new position in Ellie Mae during the fourth quarter worth about $473,000. Xact Kapitalforvaltning AB bought a new position in Ellie Mae during the fourth quarter worth about $300,000. Atria Investments LLC grew its holdings in Ellie Mae by 52.3% during the first quarter. Atria Investments LLC now owns 4,443 shares of the software maker’s stock worth $408,000 after purchasing an additional 1,526 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in Ellie Mae during the fourth quarter worth about $1,406,000.
Shares of ELLI stock opened at $103.84 on Friday. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 100.82, a P/E/G ratio of 6.66 and a beta of 0.58. Ellie Mae Inc has a 12-month low of $79.71 and a 12-month high of $116.90.
Ellie Mae (NYSE:ELLI) last issued its quarterly earnings data on Thursday, April 26th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.25. The firm had revenue of $117.91 million during the quarter, compared to the consensus estimate 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 for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. sell-side analysts anticipate that Ellie Mae Inc will post 0.86 EPS for the current fiscal year.
In other news, CEO Jonathan Corr sold 2,306 shares of Ellie Mae stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $91.56, for a total value of $211,137.36. Following the completion of the sale, the chief executive officer now directly owns 111,289 shares in the company, valued at $10,189,620.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brian E. Brown sold 465 shares of Ellie Mae stock in a transaction that occurred 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 owns 17,708 shares of the company’s stock, valued at $1,628,250.60. The disclosure for this sale can be found here. Insiders have sold 37,984 shares of company stock valued at $3,965,958 over the last 90 days. Company insiders own 3.14% of the company’s stock.
A number of equities analysts recently commented on ELLI shares. Bank of America cut Ellie Mae from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Monday, April 16th. Zacks Investment Research cut Ellie Mae from a “hold” rating to a “sell” rating in a report on Tuesday, April 10th. KeyCorp reiterated a “buy” rating and set a $120.00 price target on shares of Ellie Mae in a report on Wednesday, March 21st. Wedbush cut Ellie Mae from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $90.00 to $109.00 in a report on Thursday, April 12th. Finally, Zelman & Associates upgraded Ellie Mae from a “sell” rating to a “hold” rating in a report on Friday, April 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $103.33.
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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