Standard Life Aberdeen plc Acquires 28,471 Shares of Ellie Mae Inc (ELLI)

Standard Life Aberdeen plc boosted its holdings in shares of Ellie Mae Inc (NYSE:ELLI) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 477,750 shares of the software maker’s stock after acquiring an additional 28,471 shares during the quarter. Standard Life Aberdeen plc’s holdings in Ellie Mae were worth $45,276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank boosted its holdings in shares of Ellie Mae by 15.6% in the second quarter. Amalgamated Bank now owns 5,219 shares of the software maker’s stock valued at $542,000 after purchasing an additional 703 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Ellie Mae by 45.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 19,591 shares of the software maker’s stock valued at $2,034,000 after purchasing an additional 6,137 shares during the period. First Trust Advisors LP boosted its holdings in shares of Ellie Mae by 7.0% in the second quarter. First Trust Advisors LP now owns 10,205 shares of the software maker’s stock valued at $1,060,000 after purchasing an additional 664 shares during the period. Alps Advisors Inc. bought a new position in Ellie Mae in the second quarter worth approximately $286,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in Ellie Mae in the second quarter worth approximately $1,633,000.

Shares of ELLI stock opened at $67.27 on Friday. The firm has a market cap of $2.34 billion, a PE ratio of 65.31, a price-to-earnings-growth ratio of 5.21 and a beta of 1.29. Ellie Mae Inc has a 12-month low of $61.51 and a 12-month high of $116.90.

Ellie Mae (NYSE:ELLI) last issued its quarterly earnings results on Thursday, October 25th. The software maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The business had revenue of $122.97 million for the quarter, compared to the consensus estimate of $128.22 million. Ellie Mae had a return on equity of 4.78% and a net margin of 7.11%. Equities research analysts anticipate that Ellie Mae Inc will post 0.93 EPS for the current year.

In related news, VP Popi Heron sold 731 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $64.83, for a total value of $47,390.73. Following the transaction, the vice president now directly owns 6,128 shares of the company’s stock, valued at approximately $397,278.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jonathan Corr sold 589 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $101.07, for a total value of $59,530.23. Following the completion of the transaction, the chief executive officer now directly owns 109,572 shares in the company, valued at $11,074,442.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,241 shares of company stock worth $189,768. Insiders own 3.14% of the company’s stock.

A number of equities analysts recently commented on ELLI shares. TheStreet downgraded shares of Ellie Mae from a “b-” rating to a “c+” rating in a research note on Wednesday, September 26th. Royal Bank of Canada reduced their price objective on shares of Ellie Mae to $109.00 and set an “outperform” rating for the company in a research note on Friday, October 5th. They noted that the move was a valuation call. Roth Capital raised shares of Ellie Mae from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Wednesday, October 10th. Barclays reissued a “buy” rating and issued a $102.00 price objective on shares of Ellie Mae in a research note on Tuesday, October 16th. Finally, ValuEngine downgraded shares of Ellie Mae from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Ellie Mae currently has an average rating of “Hold” and an average price target of $85.20.

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About Ellie Mae

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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