Strs Ohio Sells 15,100 Shares of Ellie Mae Inc (ELLI)

Strs Ohio cut its holdings in shares of Ellie Mae Inc (NYSE:ELLI) by 83.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,100 shares of the software maker’s stock after selling 15,100 shares during the quarter. Strs Ohio’s holdings in Ellie Mae were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ELLI. Advisor Group Inc. grew its stake 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 worth $112,000 after purchasing an additional 118 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Ellie Mae during the 3rd quarter worth approximately $139,000. Stifel Financial Corp acquired a new stake in shares of Ellie Mae during the 2nd quarter worth approximately $270,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ellie Mae during the 2nd quarter worth approximately $315,000. Finally, Atria Investments LLC acquired a new stake in shares of Ellie Mae during the 4th quarter worth approximately $261,000.

Shares of Ellie Mae Inc (NYSE:ELLI) opened at $86.50 on Tuesday. Ellie Mae Inc has a one year low of $79.71 and a one year high of $114.95. The stock has a market cap of $3,098.63, a price-to-earnings ratio of 58.45, a P/E/G ratio of 8.27 and a beta of 0.57.

Ellie Mae (NYSE:ELLI) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.43%. The firm had revenue of $112.89 million for the quarter, compared to analysts’ expectations of $108.27 million. During the same quarter last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. research analysts anticipate that Ellie Mae Inc will post 0.73 earnings per share for the current year.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Ellie Mae from a “buy” rating to a “hold” rating in a research note on Monday. Stephens reaffirmed a “hold” rating and set a $92.00 price objective on shares of Ellie Mae in a research note on Friday. Bank of America dropped their price objective on shares of Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday. KeyCorp raised their price objective on shares of Ellie Mae from $116.00 to $118.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $110.00 price objective on shares of Ellie Mae in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Ellie Mae currently has an average rating of “Buy” and an average target price of $105.89.

In other Ellie Mae news, Director Karen Blasing sold 1,728 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $100.00, for a total value of $172,800.00. Following the transaction, the director now owns 7,275 shares in the company, valued at approximately $727,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Sigmund Anderman sold 7,920 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $87.38, for a total value of $692,049.60. Following the completion of the transaction, the chairman now owns 98,321 shares in the company, valued at approximately $8,591,288.98. The disclosure for this sale can be found here. Insiders sold a total of 59,721 shares of company stock worth $5,402,858 in the last three months. 3.39% of the stock is owned by corporate insiders.

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

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