Assetmark Inc. Boosts Position in Ellie Mae, Inc. (ELLI)
Assetmark Inc. increased its stake in shares of Ellie Mae, Inc. (NYSE:ELLI) by 51.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,133 shares of the software maker’s stock after purchasing an additional 11,247 shares during the quarter. Assetmark Inc. owned approximately 0.10% of Ellie Mae worth $2,721,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Advisor Group Inc. lifted its stake in 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 acquiring an additional 118 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake 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 worth $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 in the third quarter worth $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 worth $147,000 after buying an additional 119 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake 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 worth $200,000 after buying an additional 25 shares during the last quarter.
Shares of Ellie Mae, Inc. (NYSE:ELLI) remained flat at $$88.07 during trading on Thursday. 136,700 shares of the company’s stock were exchanged, compared to its average volume of 439,837. The stock has a market cap of $3,041.61, a P/E ratio of 69.90, a price-to-earnings-growth ratio of 7.40 and a beta of 0.30. Ellie Mae, Inc. has a fifty-two week low of $77.60 and a fifty-two week high of $114.95.
Ellie Mae (NYSE:ELLI) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.13. The firm had revenue of $107.00 million for the quarter, compared to analyst estimates of $105.62 million. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. analysts anticipate that Ellie Mae, Inc. will post 0.9 earnings per share for the current year.
In other news, EVP Gates Cathleen Schreiner sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $84.58, for a total value of $101,496.00. Following the sale, the executive vice president now owns 45,049 shares of the company’s stock, valued at approximately $3,810,244.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A Barr Dolan sold 4,666 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.59, for a total transaction of $408,694.94. Following the completion of the sale, the director now directly owns 9,053 shares in the company, valued at approximately $792,952.27. The disclosure for this sale can be found here. Insiders sold a total of 41,116 shares of company stock worth $3,602,614 in the last three months. Insiders own 3.39% of the company’s stock.
A number of analysts have recently weighed in on ELLI shares. KeyCorp restated a “buy” rating and issued a $116.00 price objective on shares of Ellie Mae in a research note on Wednesday, October 4th. BidaskClub cut shares of Ellie Mae from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective (down from $135.00) on shares of Ellie Mae in a research note on Sunday, July 30th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $101.00 price objective on shares of Ellie Mae in a research note on Wednesday, September 13th. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of Ellie Mae in a research note on Friday, September 1st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $110.71.
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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