Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Ellie Mae, Inc. (NYSE:ELLI) by 32.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,680 shares of the software maker’s stock after purchasing an additional 73,170 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.86% of Ellie Mae worth $24,284,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new position in Ellie Mae during the second quarter valued at approximately $1,461,000. Merriman Wealth Management LLC grew its position in Ellie Mae by 14.2% during the third quarter. Merriman Wealth Management LLC now owns 80,586 shares of the software maker’s stock valued at $6,619,000 after purchasing an additional 10,000 shares in the last quarter. Mirador Capital Partners LP grew its position in Ellie Mae by 5.0% during the second quarter. Mirador Capital Partners LP now owns 19,175 shares of the software maker’s stock valued at $1,706,000 after purchasing an additional 906 shares in the last quarter. Eaton Vance Management grew its position in Ellie Mae by 10.2% during the second quarter. Eaton Vance Management now owns 154,885 shares of the software maker’s stock valued at $17,023,000 after purchasing an additional 14,278 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Ellie Mae during the second quarter valued at approximately $4,392,000.
Shares of Ellie Mae, Inc. (NYSE ELLI) opened at $88.50 on Thursday. Ellie Mae, Inc. has a one year low of $79.71 and a one year high of $114.95. The firm has a market cap of $2,982.55, a price-to-earnings ratio of 68.54, a PEG ratio of 7.26 and a beta of 0.28.
Ellie Mae (NYSE:ELLI) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The business had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $105.62 million. During the same period in the previous year, the company earned $0.60 earnings per share. Ellie Mae’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts forecast that Ellie Mae, Inc. will post 0.9 EPS for the current fiscal year.
In other Ellie Mae news, insider Sigmund Anderman sold 12,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $89.24, for a total value of $1,070,880.00. Following the sale, the insider now owns 98,321 shares of the company’s stock, valued at approximately $8,774,166.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jonathan Corr sold 2,211 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $83.76, for a total transaction of $185,193.36. The disclosure for this sale can be found here. Insiders sold 37,608 shares of company stock valued at $3,307,985 over the last 90 days. 3.39% of the stock is owned by corporate insiders.
ELLI has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Ellie Mae from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Barclays lifted their target price on shares of Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Ellie Mae in a research note on Friday, September 1st. Royal Bank Of Canada upgraded shares of Ellie Mae from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $105.00 in a research note on Wednesday, October 18th. Finally, ValuEngine upgraded shares of Ellie Mae from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.71.
Ellie Mae Company Profile
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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