Ellie Mae Inc (ELLI) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of Ellie Mae Inc (NYSE:ELLI) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 478,488 shares of the software maker’s stock after buying an additional 12,174 shares during the quarter. Northern Trust Corp’s holdings in Ellie Mae were worth $49,687,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Global X Management Co LLC boosted its stake in shares of Ellie Mae by 115.5% during the 2nd quarter. Global X Management Co LLC now owns 85,059 shares of the software maker’s stock valued at $8,833,000 after buying an additional 45,587 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Ellie Mae by 6.4% during the 2nd quarter. MetLife Investment Advisors LLC now owns 15,567 shares of the software maker’s stock valued at $1,616,000 after buying an additional 931 shares during the last quarter. Sylebra HK Co Ltd boosted its stake in shares of Ellie Mae by 12.2% during the 2nd quarter. Sylebra HK Co Ltd now owns 1,256,481 shares of the software maker’s stock valued at $130,473,000 after buying an additional 136,427 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Ellie Mae by 74.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,600 shares of the software maker’s stock valued at $478,000 after buying an additional 1,957 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Ellie Mae by 36.9% during the 2nd quarter. Morgan Stanley now owns 739,581 shares of the software maker’s stock valued at $76,798,000 after buying an additional 199,478 shares during the last quarter.

In other Ellie Mae news, CEO Jonathan Corr sold 590 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $105.50, for a total value of $62,245.00. Following the sale, the chief executive officer now directly owns 109,573 shares of the company’s stock, valued at $11,559,951.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sigmund Anderman sold 15,000 shares of the stock in a transaction on Monday, July 16th. The stock was sold at an average price of $103.09, for a total value of $1,546,350.00. Following the completion of the sale, the director now directly owns 42,901 shares in the company, valued at $4,422,664.09. The disclosure for this sale can be found here. Insiders sold 35,675 shares of company stock worth $3,664,772 over the last ninety days. 3.14% of the stock is owned by corporate insiders.

ELLI stock opened at $85.74 on Friday. The company has a market cap of $3.28 billion, a P/E ratio of 83.24, a PEG ratio of 5.27 and a beta of 0.77. Ellie Mae Inc has a 12-month low of $82.03 and a 12-month high of $116.90.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings results on Thursday, July 26th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.13. The business had revenue of $125.00 million for the quarter, compared to analyst estimates of $123.79 million. Ellie Mae had a return on equity of 4.50% and a net margin of 7.81%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. Research analysts predict that Ellie Mae Inc will post 0.97 earnings per share for the current year.

Several equities research analysts recently issued reports on ELLI shares. Royal Bank of Canada upped their price target on Ellie Mae to $125.00 and gave the company an “outperform” rating in a research report on Monday, June 18th. JPMorgan Chase & Co. lowered Ellie Mae from an “overweight” rating to a “neutral” rating and upped their price target for the company from $112.00 to $118.00 in a research report on Thursday, June 21st. They noted that the move was a valuation call. KeyCorp upped their price target on Ellie Mae from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. JMP Securities upped their price target on Ellie Mae from $120.00 to $125.00 and gave the company a “market outperform” rating in a research report on Friday, July 27th. Finally, ValuEngine raised Ellie Mae from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $107.71.

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.

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

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