Ellie Mae Inc (ELLI) Position Maintained by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC continued to hold its position in Ellie Mae Inc (NASDAQ:ELLI) during the second quarter, Holdings Channel reports. The fund owned 1,300 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Ellie Mae were worth $119,000 at the end of the most recent quarter.
Separately, Creative Planning increased its position in Ellie Mae by 2,033.7% in the second quarter. Creative Planning now owns 5,505 shares of the company’s stock worth $505,000 after buying an additional 5,247 shares in the last quarter.
Ellie Mae Inc (NASDAQ:ELLI) traded up 1.86% during mid-day trading on Friday, hitting $105.30. The stock had a trading volume of 939,222 shares. The company has a 50-day moving average of $97.64 and a 200-day moving average of $90.42. Ellie Mae Inc has a 12-month low of $57.88 and a 12-month high of $105.98. The stock has a market cap of $3.18 billion and a price-to-earnings ratio of 136.75.
Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.09. The business earned $90.10 million during the quarter, compared to analyst estimates of $85.54 million. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue was up 36.7% compared to the same quarter last year. On average, analysts anticipate that Ellie Mae Inc will post $2.05 earnings per share for the current fiscal year.
A number of research firms have weighed in on ELLI. Zacks Investment Research cut Ellie Mae from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Barclays PLC increased their price objective on Ellie Mae from $97.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, July 29th. Pacific Crest began coverage on Ellie Mae in a research report on Tuesday, September 6th. They set an “overweight” rating and a $124.00 price objective for the company. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $100.00 price objective on shares of Ellie Mae in a research report on Wednesday, June 15th. Finally, Needham & Company LLC increased their price objective on Ellie Mae from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $113.86.
In related news, EVP Limin Hu sold 5,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $95.21, for a total value of $476,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Corr sold 3,500 shares of the business’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $91.13, for a total value of $318,955.00. Following the completion of the sale, the chief executive officer now directly owns 114,843 shares of the company’s stock, valued at $10,465,642.59. The disclosure for this sale can be found here.
About Ellie Mae
Ellie Mae, Inc (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.
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