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Tradition Capital Management Has Lowered Microsoft (MSFT) Position; 11 Analysts Are Bullish Ellie Mae, Inc. (ELLI) Last Week

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Among 19 analysts covering Elli Mae (NYSE:ELLI), 11 have Buy rating, 2 Sell and 6 Hold. Therefore 58% are positive. Elli Mae had 58 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Outperform” on Friday, July 31. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, July 20. On Thursday, October 29 the stock rating was maintained by Oppenheimer with “Outperform”. On Thursday, January 12 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. The firm has “Equal Weight” rating given on Friday, July 29 by Barclays Capital. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, January 9. The company was maintained on Wednesday, August 9 by Oppenheimer. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. The rating was maintained by Needham on Monday, August 14 with “Buy”. The firm earned “Buy” rating on Tuesday, July 25 by Oppenheimer. See Ellie Mae, Inc. (NYSE:ELLI) latest ratings:

27/04/2018 Broker: Compass Point Rating: Sell New Target: $60.0000 Maintain
20/04/2018 Broker: Zelman Old Rating: Sell New Rating: Hold Upgrade
16/04/2018 Broker: Bank of America Old Rating: Buy New Rating: Neutral Old Target: $110 Downgrade
12/04/2018 Broker: Wedbush Old Rating: Neutral New Rating: Underperform Old Target: $109 Downgrade
09/02/2018 Broker: Stephens Rating: Hold New Target: $92.0 Maintain
09/02/2018 Broker: Needham Rating: Buy New Target: $110.0 Maintain
09/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $115 New Target: $110 Maintain
05/02/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $116 New Target: $118 Maintain
31/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $106.0 Maintain
30/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $101 New Target: $109 Maintain

Tradition Capital Management Llc decreased Microsoft Corporation (MSFT) stake by 3.46% reported in 2017Q4 SEC filing. Tradition Capital Management Llc sold 3,540 shares as Microsoft Corporation (MSFT)’s stock rose 4.63%. The Tradition Capital Management Llc holds 98,918 shares with $8.46M value, down from 102,458 last quarter. Microsoft Corporation now has $746.88 billion valuation. The stock increased 0.06% or $0.06 during the last trading session, reaching $97.21. About 4.93 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 17, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.05, from 0.94 in 2017Q3. It increased, as 23 investors sold Ellie Mae, Inc. shares while 62 reduced holdings. 32 funds opened positions while 52 raised stakes. 37.95 million shares or 7.38% more from 35.35 million shares in 2017Q3 were reported. Invesco Ltd has 8,319 shares for 0% of their portfolio. Financial Bank Of Mellon Corp has 175,241 shares for 0% of their portfolio. Parallax Volatility Advisers Ltd Partnership reported 5,166 shares. Sei Invs has invested 0% in Ellie Mae, Inc. (NYSE:ELLI). The New York-based Qs Investors Ltd Com has invested 0% in Ellie Mae, Inc. (NYSE:ELLI). Millennium Limited holds 5,938 shares. Jericho Cap Asset Management Limited Partnership invested in 395,000 shares. Dragoneer Ltd Liability Co stated it has 14,000 shares or 0.21% of all its holdings. 82 are held by Tradewinds Management Llc. Df Dent holds 0.11% or 48,802 shares. Cubist Systematic Strategies stated it has 0.01% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Summit Creek Advsrs Ltd holds 0.97% in Ellie Mae, Inc. (NYSE:ELLI) or 57,864 shares. Great West Life Assurance Co Can invested in 3,912 shares. 81,142 were accumulated by Td Asset Mgmt. Brown Brothers Harriman & holds 0% or 25 shares in its portfolio.

The stock increased 0.32% or $0.33 during the last trading session, reaching $102.32. About 82,590 shares traded. Ellie Mae, Inc. (NYSE:ELLI) has declined 6.50% since May 17, 2017 and is downtrending. It has underperformed by 18.05% 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 $3.51 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 69.14 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.

More news for Ellie Mae, Inc. (NYSE:ELLI) were recently published by: Globenewswire.com, which released: “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” on May 16, 2018. Businesswire.com‘s article titled: “April Origination Insight Report From Ellie Mae Sees Purchase Percentage of Closed Loans Rise to Highest Levels …” and published on May 16, 2018 is yet another important article.

Since December 7, 2017, it had 0 buys, and 36 sales for $9.91 million activity. On Wednesday, April 11 the insider Corr Jonathan sold $55,566. $51,690 worth of Ellie Mae, Inc. (NYSE:ELLI) shares were sold by TYRRELL JOSEPH P.. Another trade for 531 shares valued at $48,776 was made by LaVay Matthew on Monday, April 2. The insider SCHREINER GATES CATHLEEN sold $1.24M. Shares for $516,539 were sold by BUCCELLATO CARL. Anderman Sigmund had sold 1,391 shares worth $127,320. HIRSCH PETER sold 2,256 shares worth $206,387.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 earnings per share, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30B for 22.50 P/E if the $1.08 EPS becomes a reality. After $0.95 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 183 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, October 27. BMO Capital Markets has “Buy” rating and $94.0 target. On Tuesday, August 22 the stock rating was maintained by Jefferies with “Sell”. Bernstein maintained Microsoft Corporation (NASDAQ:MSFT) on Wednesday, November 15 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 1. Evercore maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, December 8. Evercore has “Buy” rating and $106.0 target. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Stifel Nicolaus on Friday, January 27. On Monday, August 29 the stock rating was maintained by UBS with “Buy”. The firm has “Buy” rating given on Tuesday, February 6 by Argus Research. As per Tuesday, October 31, the company rating was maintained by Cowen & Co. The firm earned “Buy” rating on Friday, January 26 by Cowen & Co.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Microsoft Corporation Replacing Surface Pro 4s in “Flickergate” Resolution” on May 14, 2018, also Investorplace.com with their article: “3 Stocks to Watch on Thursday: Booking Holdings Inc (BKNG), Microsoft Corporation (MSFT) and Qualcomm, Inc …” published on May 10, 2018, 247Wallst.com published: “How Microsoft Went From Acquirer to Partner” on April 19, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: “Microsoft Building Trust Along With IoT And AI” published on May 10, 2018 as well as Streetinsider.com‘s news article titled: “Credit Suisse Reiterates Outperform on Microsoft (MSFT) Following Deal with US Intelligence Community” with publication date: May 17, 2018.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It dived, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Bedrijfstakpensioenfonds Voor De Media Pno holds 6.28% or 446,000 shares in its portfolio. Welch Forbes Ltd Liability Corp has 928,574 shares. The New York-based Melvin Capital Mngmt Limited Partnership has invested 1.21% in Microsoft Corporation (NASDAQ:MSFT). Wallington Asset Mgmt Limited Liability invested in 175,772 shares. Boston Prtnrs holds 10.29 million shares. Bluecrest Ltd holds 290,456 shares. Curbstone Corporation, a New Hampshire-based fund reported 25,158 shares. Advisory Ntwk Ltd Company stated it has 0.99% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). 6,683 were reported by Aspiriant Ltd Liability Corporation. Creative Planning owns 1.15M shares. Doheny Asset Ca, California-based fund reported 7,781 shares. Paragon Capital Ltd owns 0.95% invested in Microsoft Corporation (NASDAQ:MSFT) for 28,287 shares. Seizert Cap Ltd Company holds 482,496 shares. Profit Invest Mngmt Limited Liability Corporation stated it has 31,336 shares. Federated Investors Incorporated Pa reported 0.28% in Microsoft Corporation (NASDAQ:MSFT).

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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