Jefferies Group LLC Invests $292,000 in Ellie Mae Inc (ELLI) Stock

Jefferies Group LLC purchased a new stake in shares of Ellie Mae Inc (NYSE:ELLI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,268 shares of the software maker’s stock, valued at approximately $292,000.

A number of other hedge funds have also recently added to or reduced their stakes in ELLI. Meritage Group LP acquired a new stake in Ellie Mae during the third quarter valued at $38,834,000. Carillon Tower Advisers Inc. acquired a new stake in Ellie Mae during the fourth quarter valued at $32,241,000. Brown Capital Management LLC grew its position in Ellie Mae by 11.9% during the fourth quarter. Brown Capital Management LLC now owns 2,775,314 shares of the software maker’s stock valued at $248,113,000 after buying an additional 295,702 shares during the period. HMI Capital LLC acquired a new stake in Ellie Mae during the fourth quarter valued at $21,009,000. Finally, Calamos Advisors LLC acquired a new stake in Ellie Mae during the fourth quarter valued at $17,989,000.

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Shares of Ellie Mae Inc (NYSE ELLI) opened at $90.45 on Monday. Ellie Mae Inc has a 52-week low of $79.71 and a 52-week high of $114.95. The stock has a market cap of $3,101.51, a PE ratio of 82.98, a PEG ratio of 7.69 and a beta of 0.63.

Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.39%. The business had revenue of $112.89 million for the quarter, compared to analyst estimates of $108.27 million. During the same quarter last year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. research analysts expect that Ellie Mae Inc will post 0.78 earnings per share for the current fiscal year.

ELLI has been the topic of several analyst reports. KeyCorp restated a “buy” rating and set a $120.00 price target on shares of Ellie Mae in a research report on Wednesday, March 21st. Zacks Investment Research upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Friday, February 9th. Bank of America dropped their price target on shares of Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Oppenheimer restated a “buy” rating and set a $110.00 price target on shares of Ellie Mae in a research report on Thursday, February 1st. Finally, Morgan Stanley lifted their target price on shares of Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $104.91.

In other news, CFO Matthew Lavay sold 629 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $90.13, for a total value of $56,691.77. Following the transaction, the chief financial officer now directly owns 11,056 shares of the company’s stock, valued at $996,477.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jonathan Corr sold 589 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $93.93, for a total transaction of $55,324.77. Following the completion of the transaction, the chief executive officer now directly owns 114,147 shares in the company, valued at $10,721,827.71. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,669 shares of company stock worth $7,747,079. Insiders own 3.39% of the company’s stock.

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

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