Ellie Mae Inc (ELLI) : Ranger Investment Management reduced its stake in Ellie Mae Inc by 4.04% during the most recent quarter end. The investment management company now holds a total of 541,349 shares of Ellie Mae Inc which is valued at $53,019,721 after selling 22,820 shares in Ellie Mae Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Ellie Mae Inc makes up approximately 3.10% of Ranger Investment Management’s portfolio.
Other Hedge Funds, Including , Coe Capital Management boosted its stake in ELLI in the latest quarter, The investment management firm added 573 additional shares and now holds a total of 24,210 shares of Ellie Mae Inc which is valued at $2,371,127. Ellie Mae Inc makes up approx 0.75% of Coe Capital Management’s portfolio. Tower Research Capital (trc) added ELLI to its portfolio by purchasing 71 company shares during the most recent quarter which is valued at $6,954.Fortaleza Asset Management Inc reduced its stake in ELLI by selling 1,320 shares or 33.5% in the most recent quarter. The Hedge Fund company now holds 2,620 shares of ELLI which is valued at $255,502. Ellie Mae Inc makes up approx 0.20% of Fortaleza Asset Management Inc’s portfolio.Clarivest Asset Management boosted its stake in ELLI in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 27,035 shares of Ellie Mae Inc which is valued at $2,490,194. Ellie Mae Inc makes up approx 0.07% of Clarivest Asset Management’s portfolio.
Ellie Mae Inc opened for trading at $96.87 and hit $99.215 on the upside on Monday, eventually ending the session at $98.1, with a gain of 1.19% or 1.15 points. The heightened volatility saw the trading volume jump to 4,46,373 shares. Company has a market cap of $2,964 M.
On the company’s financial health, Ellie Mae Inc reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.55. The company had revenue of $90.10 million for the quarter, compared to analysts expectations of $86.10 million. The company’s revenue was up 36.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.
Many Wall Street Analysts have commented on Ellie Mae Inc. Company shares were Reiterated by Barclays on Jul 29, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 110 from a previous price target of $97 .Company shares were Reiterated by Needham on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 125 from a previous price target of $110 .
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 Companys 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.