UBS Asset Management Americas Inc. lowered its stake in Ellie Mae Inc (NYSE:ELLI) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,975 shares of the software maker’s stock after selling 1,996 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.36% of Ellie Mae worth $11,173,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of 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 purchasing an additional 51,253 shares during the last quarter. Meritage Group LP acquired a new stake in Ellie Mae in the 3rd quarter valued at approximately $38,834,000. Ameriprise Financial Inc. increased its position in Ellie Mae by 378.7% in the 3rd 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 period. Schwab Charles Investment Management Inc. increased its position in Ellie Mae by 6.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 161,018 shares of the software maker’s stock valued at $14,396,000 after acquiring an additional 9,172 shares during the period. Finally, Teacher Retirement System of Texas increased its position in Ellie Mae by 317.1% in the 4th quarter. Teacher Retirement System of Texas now owns 11,676 shares of the software maker’s stock valued at $1,044,000 after acquiring an additional 8,877 shares during the period.
In related news, Director Karen Blasing sold 1,728 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $100.00, for a total transaction of $172,800.00. Following the sale, the director now owns 7,275 shares of the company’s stock, valued at approximately $727,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sigmund Anderman sold 18,726 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $88.80, for a total transaction of $1,662,868.80. Following the sale, the insider now directly owns 81,087 shares in the company, valued at approximately $7,200,525.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,917 shares of company stock worth $7,676,058. Corporate insiders own 3.39% of the company’s stock.
Several equities analysts have recently issued reports on ELLI shares. Morgan Stanley lifted their price target on Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Zacks Investment Research lowered Ellie Mae from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. KeyCorp raised their target price on Ellie Mae from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Compass Point initiated coverage on Ellie Mae in a research report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price objective for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $106.00 target price on shares of Ellie Mae in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $106.58.
Shares of Ellie Mae Inc (ELLI) traded down $0.11 on Wednesday, hitting $96.04. 170,431 shares of the stock traded hands, compared to its average volume of 416,363. Ellie Mae Inc has a 12 month low of $79.71 and a 12 month high of $114.95. The company has a market capitalization of $3,320.00, a PE ratio of 77.45, a PEG ratio of 8.13 and a beta of 0.63.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.39%. The business had revenue of $112.89 million during the quarter, compared to the consensus estimate of $108.27 million. During the same quarter last year, the firm earned $0.46 earnings per share. Ellie Mae’s quarterly revenue was up 17.3% on a year-over-year basis. research analysts predict that Ellie Mae Inc will post 0.78 earnings per share for the current fiscal year.
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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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