Ellie Mae, Inc. (NYSE:ELLI) EVP Joseph P. Tyrrell sold 8,600 shares of Ellie Mae stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $88.10, for a total value of $757,660.00. Following the transaction, the executive vice president now directly owns 39,783 shares in the company, valued at $3,504,882.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Ellie Mae, Inc. (NYSE:ELLI) opened at $87.94 on Friday. Ellie Mae, Inc. has a 1 year low of $77.60 and a 1 year high of $114.95. The company has a market capitalization of $3,037.10, a PE ratio of 69.79, a price-to-earnings-growth ratio of 7.39 and a beta of 0.30.
Ellie Mae (NYSE:ELLI) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The firm had revenue of $107.00 million during the quarter, compared to analyst estimates of $105.62 million. During the same period last year, the company posted $0.60 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. equities research analysts forecast that Ellie Mae, Inc. will post 0.9 EPS for the current year.
A number of equities analysts recently weighed in on ELLI shares. Zacks Investment Research cut Ellie Mae from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Needham & Company LLC reissued a “buy” rating on shares of Ellie Mae in a research note on Sunday, October 29th. Barclays PLC lifted their price target on Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Royal Bank Of Canada raised Ellie Mae from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $105.00 in a research note on Wednesday, October 18th. Finally, BidaskClub raised Ellie Mae from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $110.71.
Several institutional investors have recently made changes to their positions in ELLI. Advisor Group Inc. lifted its holdings in shares of Ellie Mae by 13.2% during the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after buying an additional 118 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Ellie Mae by 8.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,230 shares of the software maker’s stock valued at $135,000 after buying an additional 100 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Ellie Mae during the 3rd quarter valued at about $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ellie Mae by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock valued at $147,000 after buying an additional 119 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Ellie Mae by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock valued at $200,000 after buying an additional 25 shares during 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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