Public Employees Retirement Association of Colorado bought a new position in shares of Ellie Mae Inc (NYSE:ELLI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,357 shares of the software maker’s stock, valued at approximately $300,000.
Several other institutional investors and hedge funds have also made changes to their positions in ELLI. Ameriprise Financial Inc. purchased a new position in shares of Ellie Mae during the second quarter worth approximately $4,392,000. Advisor Group Inc. grew its position in shares of Ellie Mae by 13.2% during the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after acquiring an additional 118 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ellie Mae by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 197,619 shares of the software maker’s stock worth $21,719,000 after acquiring an additional 5,276 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Ellie Mae during the second quarter worth approximately $270,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Ellie Mae during the second quarter worth approximately $1,186,000.
ELLI has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, December 27th. KeyCorp restated a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a research report on Sunday, November 19th. Bank of America lowered their target price on shares of Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Oppenheimer reiterated a “buy” rating and issued a $110.00 price objective on shares of Ellie Mae in a research report on Thursday, February 1st. Finally, Morgan Stanley lifted their price objective on shares of Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $106.77.
Shares of Ellie Mae Inc (NYSE ELLI) opened at $92.67 on Wednesday. The company has a market cap of $3,181.75, a price-to-earnings ratio of 62.61, a price-to-earnings-growth ratio of 7.89 and a beta of 0.63. Ellie Mae Inc has a 1 year low of $79.71 and a 1 year high of $114.95.
Ellie Mae (NYSE:ELLI) last issued its earnings results on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $112.89 million for the quarter, compared to analyst estimates of $108.27 million. Ellie Mae had a net margin of 12.67% and a return on equity of 5.43%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. analysts forecast that Ellie Mae Inc will post 0.78 EPS for the current year.
In other news, CEO Jonathan Corr sold 2,212 shares of Ellie Mae stock in a transaction on Monday, December 11th. The stock was sold at an average price of $88.95, for a total transaction of $196,757.40. Following the completion of the transaction, the chief executive officer now owns 114,633 shares of the company’s stock, valued at approximately $10,196,605.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gates Cathleen Schreiner sold 2,881 shares of Ellie Mae stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $92.08, for a total value of $265,282.48. Following the transaction, the executive vice president now directly owns 44,730 shares of the company’s stock, valued at approximately $4,118,738.40. The disclosure for this sale can be found here. Insiders have sold a total of 78,652 shares of company stock worth $7,167,655 over the last 90 days. Insiders own 3.39% of the company’s stock.
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.