Ems Capital Lp Lowers stake in Ellie Mae Inc (ELLI)

Ellie Mae Inc (ELLI) : Ems Capital Lp reduced its stake in Ellie Mae Inc by 69.63% during the most recent quarter end. The investment management company now holds a total of 156,998 shares of Ellie Mae Inc which is valued at $15,376,384 after selling 360,000 shares in Ellie Mae Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ellie Mae Inc makes up approximately 1.47% of Ems Capital Lp’s portfolio.

Other Hedge Funds, Including , Clough Capital Partners L P added ELLI to its portfolio by purchasing 96,900 company shares during the most recent quarter which is valued at $9,490,386. Ellie Mae Inc makes up approx 0.48% of Clough Capital Partners L P’s portfolio.Ubs Asset Management Americas Inc reduced its stake in ELLI by selling 280 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 18,805 shares of ELLI which is valued at $1,842,890. Mitsubishi Ufj Kokusai Asset Management Ltd. added ELLI to its portfolio by purchasing 1,130 company shares during the most recent quarter which is valued at $104,548. Eagle Boston Investment Management Inc sold out all of its stake in ELLI during the most recent quarter. The investment firm sold 2,255 shares of ELLI which is valued $220,111.

Ellie Mae Inc opened for trading at $96.7 and hit $99.46 on the upside on Thursday, eventually ending the session at $99.38, with a gain of 1.54% or 1.51 points. The heightened volatility saw the trading volume jump to 5,99,749 shares. Company has a market cap of $3,003 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 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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