First Trust Advisors LP Acquires New Stake in Electronics for Imaging, Inc. (EFII)

First Trust Advisors LP bought a new position in Electronics for Imaging, Inc. (NASDAQ:EFII) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,590 shares of the technology company’s stock, valued at approximately $371,000.

A number of other large investors have also recently added to or reduced their stakes in EFII. Norges Bank acquired a new position in shares of Electronics for Imaging during the fourth quarter worth approximately $12,991,000. FMR LLC boosted its position in shares of Electronics for Imaging by 4.4% in the fourth quarter. FMR LLC now owns 1,291,921 shares of the technology company’s stock worth $56,664,000 after buying an additional 54,800 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Electronics for Imaging by 13.4% in the fourth quarter. Teachers Advisors LLC now owns 286,048 shares of the technology company’s stock worth $12,546,000 after buying an additional 33,895 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Electronics for Imaging during the first quarter worth about $1,355,000. Finally, Highbridge Capital Management LLC purchased a new position in Electronics for Imaging during the fourth quarter worth about $665,000.

Electronics for Imaging, Inc. (NASDAQ EFII) traded up 0.15% during mid-day trading on Friday, reaching $48.31. 205,882 shares of the company’s stock were exchanged. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 47.74 and a beta of 1.22. The stock has a 50-day moving average of $48.50 and a 200-day moving average of $47.17. Electronics for Imaging, Inc. has a 12 month low of $40.72 and a 12 month high of $51.15.

TRADEMARK VIOLATION WARNING: “First Trust Advisors LP Acquires New Stake in Electronics for Imaging, Inc. (EFII)” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/07/29/first-trust-advisors-lp-purchases-new-position-in-electronics-for-imaging-inc-efii-updated-updated-updated.html.

A number of research firms have recently issued reports on EFII. Loop Capital began coverage on shares of Electronics for Imaging in a research note on Monday, July 24th. They issued a “buy” rating and a $58.00 target price for the company. BidaskClub cut shares of Electronics for Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Longbow Research cut shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Aegis started coverage on shares of Electronics for Imaging in a research note on Tuesday, June 13th. They issued a “buy” rating and a $58.00 target price for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.67.

In other news, Director Thomas Georgens sold 25,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $46.56, for a total transaction of $1,164,000.00. Following the completion of the transaction, the director now owns 68,500 shares of the company’s stock, valued at $3,189,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Guy Gecht sold 13,746 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $48.21, for a total transaction of $662,694.66. Following the transaction, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at approximately $18,645,699.60. The disclosure for this sale can be found here. Insiders have sold 75,176 shares of company stock valued at $3,563,183 in the last ninety days. Insiders own 1.88% of the company’s stock.

Electronics for Imaging Company Profile

Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.

Institutional Ownership by Quarter for Electronics for Imaging (NASDAQ:EFII)

Receive News & Ratings for Electronics for Imaging Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronics for Imaging Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply