Scout Investments Inc. increased its stake in shares of Ellie Mae Inc (NYSE:ELLI) by 238.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 174,803 shares of the software maker’s stock after acquiring an additional 123,147 shares during the quarter. Scout Investments Inc. owned about 0.50% of Ellie Mae worth $16,566,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Summit Creek Advisors LLC boosted its position in shares of Ellie Mae by 55.6% during the third quarter. Summit Creek Advisors LLC now owns 82,414 shares of the software maker’s stock worth $7,810,000 after acquiring an additional 29,450 shares during the last quarter. Northern Trust Corp raised its stake in Ellie Mae by 2.6% during the second quarter. Northern Trust Corp now owns 478,488 shares of the software maker’s stock valued at $49,687,000 after purchasing an additional 12,174 shares in the last quarter. Global X Management Co LLC raised its stake in Ellie Mae by 115.5% during the second quarter. Global X Management Co LLC now owns 85,059 shares of the software maker’s stock valued at $8,833,000 after purchasing an additional 45,587 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in Ellie Mae by 6.4% during the second quarter. MetLife Investment Advisors LLC now owns 15,567 shares of the software maker’s stock valued at $1,616,000 after purchasing an additional 931 shares in the last quarter. Finally, Sylebra HK Co Ltd raised its stake in Ellie Mae by 12.2% during the second quarter. Sylebra HK Co Ltd now owns 1,256,481 shares of the software maker’s stock valued at $130,473,000 after purchasing an additional 136,427 shares in the last quarter.
In other news, CEO Jonathan Corr sold 589 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $101.07, for a total value of $59,530.23. Following the sale, the chief executive officer now owns 109,572 shares of the company’s stock, valued at $11,074,442.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director A Barr Dolan sold 3,000 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $104.57, for a total transaction of $313,710.00. Following the completion of the sale, the director now directly owns 9,212 shares in the company, valued at approximately $963,298.84. The disclosure for this sale can be found here. In the last three months, insiders sold 21,264 shares of company stock worth $2,167,821. Insiders own 3.14% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $135.00 price target on shares of Ellie Mae in a research note on Friday, July 27th. Roth Capital upped their price target on shares of Ellie Mae from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. TheStreet downgraded shares of Ellie Mae from a “b-” rating to a “c+” rating in a research note on Wednesday, September 26th. KeyCorp upped their price target on shares of Ellie Mae from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Finally, ValuEngine raised shares of Ellie Mae from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $106.86.
Shares of ELLI opened at $85.32 on Thursday. Ellie Mae Inc has a twelve month low of $82.03 and a twelve month high of $116.90. The firm has a market capitalization of $3.28 billion, a PE ratio of 82.83, a PEG ratio of 5.27 and a beta of 0.77.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, July 26th. The software maker reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.13. Ellie Mae had a net margin of 7.81% and a return on equity of 4.50%. The business had revenue of $125.00 million for the quarter, compared to the consensus estimate of $123.79 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, sell-side analysts expect that Ellie Mae Inc will post 0.97 EPS for the current 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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