Waddell & Reed Financial Inc. Cuts Stake in Ellie Mae Inc (ELLI)
Waddell & Reed Financial Inc. trimmed its position in Ellie Mae Inc (NYSE:ELLI) by 30.4% during the second quarter, HoldingsChannel reports. The firm owned 311,010 shares of the software maker’s stock after selling 135,860 shares during the quarter. Waddell & Reed Financial Inc.’s holdings in Ellie Mae were worth $32,295,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of ELLI. We Are One Seven LLC raised its holdings in Ellie Mae by 238.3% during the first quarter. We Are One Seven LLC now owns 1,316 shares of the software maker’s stock worth $121,000 after acquiring an additional 927 shares in the last quarter. M&T Bank Corp bought a new stake in Ellie Mae during the first quarter worth about $206,000. ETRADE Capital Management LLC bought a new stake in Ellie Mae during the first quarter worth about $215,000. SG Americas Securities LLC bought a new stake in Ellie Mae during the first quarter worth about $231,000. Finally, Asset Management One Co. Ltd. raised its holdings in Ellie Mae by 36.4% during the first quarter. Asset Management One Co. Ltd. now owns 2,581 shares of the software maker’s stock worth $237,000 after acquiring an additional 689 shares in the last quarter.
In other news, EVP Peter Hirsch sold 1,164 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $103.04, for a total value of $119,938.56. Following the transaction, the executive vice president now owns 27,007 shares of the company’s stock, valued at $2,782,801.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Blasing sold 579 shares of the company’s stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $110.50, for a total value of $63,979.50. Following the completion of the transaction, the director now directly owns 5,748 shares in the company, valued at approximately $635,154. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,543 shares of company stock worth $3,760,196. Company insiders own 3.14% of the company’s stock.
Ellie Mae (NYSE:ELLI) last announced its quarterly earnings results on Thursday, July 26th. The software maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. The firm had revenue of $125.00 million for the quarter, compared to the consensus estimate of $123.79 million. Ellie Mae had a return on equity of 4.50% and a net margin of 7.81%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. equities analysts forecast that Ellie Mae Inc will post 0.97 EPS for the current year.
Several analysts recently issued reports on ELLI shares. Morgan Stanley upped their target price on Ellie Mae from $109.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, July 27th. KeyCorp reiterated a “buy” rating and set a $130.00 target price on shares of Ellie Mae in a report on Sunday, July 22nd. Needham & Company LLC reiterated a “buy” rating and set a $135.00 target price on shares of Ellie Mae in a report on Friday, July 27th. Royal Bank of Canada upped their target price on Ellie Mae to $125.00 and gave the stock an “outperform” rating in a report on Monday, June 18th. Finally, Roth Capital upped their target price on Ellie Mae from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $108.86.
Ellie Mae Profile
Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.
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