Ellie Mae Inc: Ricky Sandler’s Eminence Capital Opened Position

February 14, 2018 - By Dolores Ford

 Ellie Mae Inc: Ricky Sandler's Eminence Capital Opened Position

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.08, from 1.02 in 2017Q2. It turned negative, as 34 investors sold Ellie Mae, Inc. shares while 54 reduced holdings. 25 funds opened positions while 58 raised stakes. 35.35 million shares or 3.42% more from 34.18 million shares in 2017Q2 were reported.

Next Financial Gru holds 57 shares. Prescott Group Cap Mgmt Limited Co reported 20,421 shares stake. Vanguard Gp Inc holds 0.01% or 2.71 million shares. Asset One accumulated 500 shares. State Street holds 656,238 shares or 0% of its portfolio. Park West Asset Ltd Liability Company holds 3.14% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI) for 641,862 shares. Point72 Asset Management L P holds 143,100 shares or 0.05% of its portfolio. Tci Wealth Advsrs holds 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI) for 10 shares. Citigroup holds 0% or 2,867 shares in its portfolio. New York-based Paradigm Asset Company Limited Company has invested 0.03% in Ellie Mae, Inc. (NYSE:ELLI). Great West Life Assurance Co Can owns 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 3,912 shares. Los Angeles Management & Equity Rech holds 0% in Ellie Mae, Inc. (NYSE:ELLI) or 8,849 shares. The New York-based Blackrock Incorporated has invested 0.01% in Ellie Mae, Inc. (NYSE:ELLI). Df Dent Inc owns 0.11% invested in Ellie Mae, Inc. (NYSE:ELLI) for 50,017 shares. Diker Management Limited Liability Com holds 7,300 shares.

Since August 16, 2017, it had 0 insider buys, and 11 selling transactions for $5.17 million activity. The insider LaVay Matthew sold 98 shares worth $8,134. 12,000 Ellie Mae, Inc. (NYSE:ELLI) shares with value of $1.07 million were sold by Anderman Sigmund. Corr Jonathan had sold 2,211 shares worth $185,193 on Monday, October 9. $235,718 worth of Ellie Mae, Inc. (NYSE:ELLI) was sold by Levinson Marina. Another trade for 1,817 shares valued at $153,172 was sold by HIRSCH PETER. BLASING KAREN sold $172,800 worth of stock or 1,728 shares.

The New Ricky Sandler’s Eminence Capital Holding in Ellie Mae Inc

Eminence Capital reported SC 13G/A form with the SEC for Ellie Mae Inc. Access it here: 000090266418001030. As reported by Ricky Sandler’s Eminence Capital, the filler owns 7.4% or 2,558,531 shares of the Information Technology–company.

Ellie Mae Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Ricky Sandler’s Eminence Capital’s positive view for Ellie Mae Inc. For a hedge fund managing $10.55 billion in assets and having 41+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Ricky Sandler’s Eminence Capital’s portfolio is in the sector.

Ellie Mae Inc Institutional Sentiment

Filings show 181 investors own Ellie Mae Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 9249791. 38887839 were owned by these investors. 38 funds opened new Ellie Mae Inc stakes, 65 increased positions. There were 24 that closed positions and 68 reduced them.

4 investors had the stock in their top 10. Some are: Sylebra Hk Co Ltd, Tekne Capital Management Llc, Shearlink Capital Llc..

Sylebra Hk Company Ltd is an investor bullish on Ellie Mae Inc, owning 2176975 shares as of Q3 2015 for 42.94% of its portfolio. Summit Creek Advisors Llc owns 92053 shares or 0.99% of its portfolio. CA Hollencrest Securities Llc have 0.07% of its portfolio for 5800 shares. Further, Ranger Investment Management Lp reported stake worth 3.08% of its portfolio. The NC Franklin Street Advisors Inc owns 7600 shares. Ellie Mae Inc is 0.10% of its portfolio.

Business 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. It delivers Encompass software in an on-demand Software-as-a-Service (SaaS). It also hosts the Ellie Mae Network, an electronic platform that allows Encompass users to conduct electronic business transactions with investors and service providers they work with in order to process and fund loans.

SEC Form 13G.

Ricky Sandler’s Eminence Capital website.

The stock increased 2.73% or $2.36 during the last trading session, reaching $88.86. About 382,987 shares traded or 6.67% up from the average. Ellie Mae, Inc. (NYSE:ELLI) has risen 37.10% since February 14, 2017 and is uptrending. It has outperformed by 20.40% the S&P500.

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States. The company has market cap of $3.04 billion. The firm provides Encompass, a proprietary software solution that combines loan origination and enterprise management software for mortgage originators into a system, as well as access to investors, lenders, and service providers on the Ellie Mae Network. It has a 60.04 P/E ratio. The Company’s Encompass solutions and services comprise Ellie Mae Total Quality Loan Program that offers fraud detection, valuation, validation, and risk analysis services; Encompass CenterWise, Encompass Compliance Service, and Encompass Docs Solution as integrated components; Encompass Docs Solution, a disclosure and closing document preparation solution; and Encompass Compliance Service to analyze mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies.

Ellie Mae, Inc. (NYSE:ELLI) Ratings Coverage

Among 17 analysts covering Elli Mae (NYSE:ELLI), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Elli Mae has $130 highest and $16 lowest target. $102.47’s average target is 15.32% above currents $88.86 stock price. Elli Mae had 54 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, January 12. Barclays Capital maintained Ellie Mae, Inc. (NYSE:ELLI) rating on Friday, July 29. Barclays Capital has “Equal Weight” rating and $110 target. The firm has “Mkt Perform” rating by FBR Capital given on Friday, April 29. The firm has “Buy” rating given on Friday, February 9 by Needham. The stock of Ellie Mae, Inc. (NYSE:ELLI) has “Overweight” rating given on Wednesday, January 6 by Stephens. Morgan Stanley maintained Ellie Mae, Inc. (NYSE:ELLI) on Tuesday, January 30 with “Equal-Weight” rating. Roth Capital downgraded the stock to “Hold” rating in Friday, July 28 report. The firm has “Buy” rating by Needham given on Friday, October 27. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, August 31. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Outperform” rating by RBC Capital Markets on Friday, October 23.

More notable recent Ellie Mae, Inc. (NYSE:ELLI) news were published by: Businesswire.com which released: “Ellie Mae Announces Ellie Mae Experience 2018 Sponsors and Exhibitors” on January 17, 2018, also Marketwatch.com with their article: “Ellie Mae to buy Velocify for $128 million in cash” published on August 31, 2017, Fool.com published: “Earnings Fall at Ellie Mae Despite Rising Sales, Market Share” on February 08, 2018. More interesting news about Ellie Mae, Inc. (NYSE:ELLI) were released by: Prnewswire.com and their article: “Johnson Fistel, LLP Announces Investigations of Aqua Metals, Inc., Ellie Mae …” published on February 02, 2018 as well as Seekingalpha.com‘s news article titled: “Ellie Mae: Growing In A Declining Industry” with publication date: October 30, 2017.

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