US Bancorp DE lowered its position in Ellie Mae Inc (NYSE:ELLI) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,316 shares of the software maker’s stock after selling 786 shares during the quarter. US Bancorp DE owned 0.07% of Ellie Mae worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its holdings in Ellie Mae by 26.8% in the third quarter. Nationwide Fund Advisors now owns 242,728 shares of the software maker’s stock valued at $19,935,000 after acquiring an additional 51,253 shares during the last quarter. Meritage Group LP bought a new stake in Ellie Mae in the third quarter valued at approximately $38,834,000. Merriman Wealth Management LLC boosted its holdings in Ellie Mae by 14.2% in the third quarter. Merriman Wealth Management LLC now owns 80,586 shares of the software maker’s stock valued at $6,619,000 after acquiring an additional 10,000 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Ellie Mae by 378.7% in the third quarter. Ameriprise Financial Inc. now owns 191,316 shares of the software maker’s stock valued at $15,712,000 after acquiring an additional 151,347 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in Ellie Mae by 193.6% in the third quarter. Trexquant Investment LP now owns 7,017 shares of the software maker’s stock valued at $576,000 after acquiring an additional 4,627 shares during the last quarter.
In related news, EVP Gates Cathleen Schreiner sold 1,900 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $86.01, for a total value of $163,419.00. Following the transaction, the executive vice president now directly owns 43,149 shares in the company, valued at approximately $3,711,245.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Sigmund Anderman sold 7,920 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $87.38, for a total value of $692,049.60. Following the completion of the transaction, the chairman now owns 98,321 shares in the company, valued at $8,591,288.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,253 shares of company stock worth $4,743,558. 3.39% of the stock is owned by company insiders.
Ellie Mae Inc (ELLI) opened at $90.79 on Friday. The stock has a market capitalization of $3,072.28, a P/E ratio of 61.34, a price-to-earnings-growth ratio of 7.63 and a beta of 0.57. Ellie Mae Inc has a twelve month low of $79.71 and a twelve month high of $114.95.
Ellie Mae (NYSE:ELLI) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The firm had revenue of $112.89 million for the quarter, compared to analysts’ expectations of $108.27 million. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. equities analysts forecast that Ellie Mae Inc will post 0.78 EPS for the current year.
Several analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $106.00 target price on shares of Ellie Mae in a report on Wednesday. Zacks Investment Research cut Ellie Mae from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Stephens reiterated a “hold” rating and issued a $92.00 target price on shares of Ellie Mae in a report on Friday, February 9th. Bank of America cut their price target on Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, KeyCorp increased their price target on Ellie Mae from $118.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $106.11.
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About Ellie Mae
Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.
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