Electronics for Imaging, Inc. (NASDAQ:EFII) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday.
Other research analysts have also issued reports about the stock. TheStreet lowered shares of Electronics for Imaging from a “b-” rating to a “c” rating in a report on Friday, August 4th. Needham & Company LLC upped their target price on shares of Electronics for Imaging from $38.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. Longbow Research upgraded shares of Electronics for Imaging from an “underperform” rating to a “neutral” rating in a report on Wednesday, September 6th. Cross Research lowered shares of Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a report on Friday, August 4th. Finally, Aegis assumed coverage on shares of Electronics for Imaging in a report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.70.
Electronics for Imaging (EFII) opened at 41.59 on Friday. The firm’s 50-day moving average is $36.71 and its 200-day moving average is $44.90. The stock has a market capitalization of $1.93 billion, a P/E ratio of 43.10 and a beta of 1.27. Electronics for Imaging has a 52 week low of $25.54 and a 52 week high of $51.15.
Electronics for Imaging (NASDAQ:EFII) last released its earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). The firm had revenue of $247.00 million during the quarter, compared to analysts’ expectations of $247.65 million. Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. Electronics for Imaging’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.56 earnings per share. On average, equities research analysts predict that Electronics for Imaging will post $2.44 EPS for the current fiscal year.
Electronics for Imaging declared that its Board of Directors has authorized a stock buyback program on Monday, September 11th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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In related news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $41.02, for a total value of $369,180.00. Following the transaction, the chief executive officer now owns 377,950 shares in the company, valued at $15,503,509. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 45,458 shares of company stock worth $2,118,405 in the last 90 days. 1.88% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Electronics for Imaging in the second quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock valued at $112,000 after buying an additional 1,037 shares during the period. Tyers Asset Management LLC raised its holdings in Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after buying an additional 196 shares during the period. Strs Ohio raised its holdings in Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after buying an additional 1,100 shares during the period. Finally, Flinton Capital Management LLC raised its holdings in Electronics for Imaging by 9.3% in the first quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock valued at $136,000 after buying an additional 238 shares during the period.
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.
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