Oppenheimer & Co. Inc. acquired a new position in Ellie Mae Inc (NYSE:ELLI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,605 shares of the software maker’s stock, valued at approximately $342,000.

Several other institutional investors also recently bought and sold shares of the stock. Meritage Group LP lifted its stake in Ellie Mae by 27.4% in the second quarter. Meritage Group LP now owns 1,116,510 shares of the software maker’s stock valued at $115,938,000 after buying an additional 240,016 shares during the period. RGM Capital LLC lifted its stake in Ellie Mae by 1,751.5% in the second quarter. RGM Capital LLC now owns 231,512 shares of the software maker’s stock valued at $24,040,000 after buying an additional 219,008 shares during the period. FMR LLC lifted its stake in Ellie Mae by 14.9% in the second quarter. FMR LLC now owns 1,559,695 shares of the software maker’s stock valued at $161,959,000 after buying an additional 202,708 shares during the period. Morgan Stanley lifted its stake in Ellie Mae by 36.9% in the second quarter. Morgan Stanley now owns 739,581 shares of the software maker’s stock valued at $76,798,000 after buying an additional 199,478 shares during the period. Finally, BlackRock Inc. lifted its stake in Ellie Mae by 7.2% in the second quarter. BlackRock Inc. now owns 2,426,968 shares of the software maker’s stock valued at $252,014,000 after buying an additional 163,737 shares during the period.

In related news, Director Sigmund Anderman sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $101.97, for a total transaction of $1,529,550.00. Following the completion of the sale, the director now owns 42,901 shares in the company, valued at $4,374,614.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jonathan Corr sold 590 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $105.50, for a total value of $62,245.00. Following the sale, the chief executive officer now owns 109,573 shares of the company’s stock, valued at approximately $11,559,951.50. The disclosure for this sale can be found here. Insiders have sold 18,995 shares of company stock valued at $1,901,502 in the last quarter. 3.14% of the stock is currently owned by corporate insiders.

ELLI has been the topic of several recent analyst reports. KeyCorp reissued a “buy” rating and issued a $130.00 price target on shares of Ellie Mae in a research note on Sunday, July 22nd. JMP Securities boosted their price target on Ellie Mae from $120.00 to $125.00 and gave the company a “market outperform” rating in a research note on Friday, July 27th. Needham & Company LLC reissued a “buy” rating and issued a $135.00 price target on shares of Ellie Mae in a research note on Friday, July 27th. Morgan Stanley boosted their price objective on Ellie Mae from $109.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, July 27th. Finally, Roth Capital boosted their price objective on Ellie Mae from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $88.36.

NYSE ELLI opened at $65.51 on Friday. The company has a market cap of $2.33 billion, a PE ratio of 63.60, a PEG ratio of 5.22 and a beta of 1.29. Ellie Mae Inc has a 52 week low of $61.51 and a 52 week high of $116.90.

Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, October 25th. The software maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The firm had revenue of $122.97 million during the quarter, compared to the consensus estimate of $128.22 million. Ellie Mae had a return on equity of 4.80% and a net margin of 7.11%. On average, sell-side analysts expect that Ellie Mae Inc will post 0.93 EPS for the current year.

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

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