Numeric Investors LLC purchased a new position in shares of Ellie Mae Inc (NASDAQ:ELLI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,800 shares of the company’s stock, valued at approximately $485,000.
Other large investors have also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. boosted its stake in Ellie Mae by 120.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,100 shares of the company’s stock worth $116,000 after buying an additional 600 shares during the period. Advisor Group Inc. boosted its stake in Ellie Mae by 9.2% in the third quarter. Advisor Group Inc. now owns 1,130 shares of the company’s stock worth $119,000 after buying an additional 95 shares during the period. Eagle Boston Investment Management Inc. purchased a new stake in Ellie Mae during the third quarter worth about $204,000. First Allied Advisory Services Inc. purchased a new stake in Ellie Mae during the fourth quarter worth about $245,000. Finally, Pacer Advisors Inc. purchased a new stake in Ellie Mae during the third quarter worth about $291,000.
Shares of Ellie Mae Inc (NASDAQ:ELLI) opened at 98.29 on Monday. The company has a 50 day moving average of $93.81 and a 200 day moving average of $92.60. The company has a market cap of $3.32 billion and a PE ratio of 85.47. Ellie Mae Inc has a 1-year low of $74.11 and a 1-year high of $109.99.
Ellie Mae (NASDAQ:ELLI) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The business earned $96.20 million during the quarter, compared to analyst estimates of $88.73 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 48.2% on a year-over-year basis. Equities analysts expect that Ellie Mae Inc will post $1.88 earnings per share for the current fiscal year.
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A number of research firms have issued reports on ELLI. Pacific Crest restated an “overweight” rating on shares of Ellie Mae in a report on Saturday, January 7th. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Ellie Mae in a research note on Tuesday, December 20th. Zacks Investment Research cut shares of Ellie Mae from a “hold” rating to a “sell” rating in a research note on Thursday, February 16th. Needham & Company LLC reiterated a “buy” rating and issued a $135.00 target price on shares of Ellie Mae in a research note on Saturday, March 11th. Finally, Morgan Stanley initiated coverage on shares of Ellie Mae in a research note on Thursday, January 12th. They issued an “equal weight” rating and a $95.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Ellie Mae currently has a consensus rating of “Hold” and an average price target of $110.20.
In other Ellie Mae news, EVP Gates Cathleen Schreiner sold 13,019 shares of Ellie Mae stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $84.42, for a total value of $1,099,063.98. Following the sale, the executive vice president now directly owns 32,653 shares in the company, valued at approximately $2,756,566.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl Buccellato sold 5,000 shares of Ellie Mae stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $95.02, for a total transaction of $475,100.00. Following the completion of the sale, the director now owns 26,368 shares in the company, valued at $2,505,487.36. The disclosure for this sale can be found here. Insiders sold a total of 140,536 shares of company stock worth $13,300,140 over the last quarter.
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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