Dymon Asia Capital Ltd Lowers stake in Ellie Mae Inc (ELLI)

Ellie Mae Inc (ELLI) : Dymon Asia Capital Ltd reduced its stake in Ellie Mae Inc by 36.84% during the most recent quarter end. The investment management company now holds a total of 180,000 shares of Ellie Mae Inc which is valued at $14.5 Million after selling 105,000 shares in Ellie Mae Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Ellie Mae Inc makes up approximately 11.71% of Dymon Asia Capital Ltd’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in ELLI in the latest quarter, The investment management firm added 66,220 additional shares and now holds a total of 69,555 shares of Ellie Mae Inc which is valued at $5.6 Million. Ellie Mae Inc makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.Victory Capital Management Inc reduced its stake in ELLI by selling 429 shares or 54.51% in the most recent quarter. The Hedge Fund company now holds 358 shares of ELLI which is valued at $28,769.Mackenzie Financial Corp reduced its stake in ELLI by selling 7,235 shares or 40.92% in the most recent quarter. The Hedge Fund company now holds 10,447 shares of ELLI which is valued at $839,521. Ellie Mae Inc makes up approx 0.01% of Mackenzie Financial Corp’s portfolio. Stanley-laman Group Ltd. sold out all of its stake in ELLI during the most recent quarter. The investment firm sold 11,005 shares of ELLI which is valued $884,362.Russell Frank Co reduced its stake in ELLI by selling 130,660 shares or 46.05% in the most recent quarter. The Hedge Fund company now holds 153,071 shares of ELLI which is valued at $12.8 Million. Ellie Mae Inc makes up approx 0.02% of Russell Frank Co’s portfolio.

Ellie Mae Inc closed down -1.19 points or -1.40% at $83.66 with 3,30,974 shares getting traded on Wednesday. Post opening the session at $84.85, the shares hit an intraday low of $83.48 and an intraday high of $85.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Ellie Mae Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.31. The company had revenue of $73.60 million for the quarter, compared to analysts expectations of $68.96 million. The company’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Ellie Mae Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 98 from a previous price target of $92 .Company shares were Reiterated by FBR Capital on Apr 29, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 85 from a previous price target of $75 .Company shares were Reiterated by Needham on Mar 4, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $88 .

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 mortgage management solution provides one system of record that allows banks credit unions and mortgage lenders to originate and fund mortgages. The Encompass mortgage management solution 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 that provides one system of record. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network.

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