Ellie Mae, Inc. (ELLI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Ellie Mae, Inc. (NYSE:ELLI) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,230 shares of the software maker’s stock after selling 2,415 shares during the quarter. Principal Financial Group Inc. owned about 0.07% of Ellie Mae worth $1,908,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ELLI. Advisor Group Inc. increased its position in shares of Ellie Mae by 13.2% in the second 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 in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Ellie Mae by 8.8% in the second 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 in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Ellie Mae in the third quarter valued at $139,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ellie Mae by 9.8% in the second 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 in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Ellie Mae by 1.4% in the second 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 in the last quarter.

Ellie Mae, Inc. (NYSE ELLI) traded up $1.01 during trading on Tuesday, reaching $89.72. The company had a trading volume of 250,000 shares, compared to its average volume of 432,525. The stock has a market cap of $3,063.71, a PE ratio of 70.40, a PEG ratio of 7.45 and a beta of 0.28. Ellie Mae, Inc. has a 1 year low of $79.71 and a 1 year high of $114.95.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. The firm had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $105.62 million. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. equities analysts expect that Ellie Mae, Inc. will post 0.9 EPS for the current fiscal year.

In other Ellie Mae news, CEO Jonathan Corr sold 2,212 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $88.95, for a total value of $196,757.40. Following the sale, the chief executive officer now directly owns 114,633 shares of the company’s stock, valued at approximately $10,196,605.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sigmund Anderman sold 12,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $89.24, for a total value of $1,070,880.00. Following the completion of the sale, the insider now directly owns 98,321 shares in the company, valued at $8,774,166.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,343 shares of company stock valued at $3,812,154. 3.39% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on ELLI shares. Oppenheimer restated a “buy” rating and issued a $101.00 price target on shares of Ellie Mae in a research report on Wednesday, September 13th. ValuEngine upgraded Ellie Mae from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Ellie Mae from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. J P Morgan Chase & Co restated a “buy” rating on shares of Ellie Mae in a research report on Friday, September 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Ellie Mae in a research report on Sunday, September 3rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Ellie Mae presently has an average rating of “Buy” and a consensus price target of $110.71.

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Ellie Mae 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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Institutional Ownership by Quarter for Ellie Mae (NYSE:ELLI)

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