Keybank National Association OH decreased its position in Electronics for Imaging, Inc. (NASDAQ:EFII) by 8.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,514 shares of the technology company’s stock after selling 3,059 shares during the period. Keybank National Association OH owned about 0.07% of Electronics for Imaging worth $1,473,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of EFII. Becker Capital Management Inc. grew its holdings in Electronics for Imaging by 1,078.2% in the third quarter. Becker Capital Management Inc. now owns 586,335 shares of the technology company’s stock valued at $25,025,000 after purchasing an additional 536,569 shares during the last quarter. Falcon Point Capital LLC acquired a new stake in Electronics for Imaging in the second quarter valued at $14,015,000. RK Capital Management LLC acquired a new stake in Electronics for Imaging in the second quarter valued at $13,271,000. Fred Alger Management Inc. acquired a new stake in Electronics for Imaging in the second quarter valued at $10,746,000. Finally, Smith Graham & Co. Investment Advisors LP grew its holdings in Electronics for Imaging by 147.9% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 338,185 shares of the technology company’s stock valued at $14,434,000 after purchasing an additional 201,769 shares during the last quarter.
Shares of Electronics for Imaging, Inc. (EFII) opened at $30.63 on Monday. The company has a quick ratio of 2.20, a current ratio of 2.62 and a debt-to-equity ratio of 0.38. Electronics for Imaging, Inc. has a 52 week low of $25.54 and a 52 week high of $51.15. The stock has a market capitalization of $1,420.56, a PE ratio of 47.12 and a beta of 1.26.
Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). Electronics for Imaging had a return on equity of 3.67% and a net margin of 3.09%. The business had revenue of $248.36 million during the quarter, compared to analyst estimates of $258.09 million. During the same period in the previous year, the business posted $0.58 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. equities analysts predict that Electronics for Imaging, Inc. will post 0.34 earnings per share for the current year.
Electronics for Imaging declared that its board has approved a share repurchase program on Monday, September 11th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $42.76, for a total value of $384,840.00. Following the sale, the chief executive officer now directly owns 364,885 shares of the company’s stock, valued at approximately $15,602,482.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 27,000 shares of company stock worth $1,019,520. 1.88% of the stock is owned by corporate insiders.
Several research firms have weighed in on EFII. William Blair lowered Electronics for Imaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price (down previously from $53.00) on shares of Electronics for Imaging in a report on Wednesday, August 9th. ValuEngine raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Citigroup Inc. reaffirmed a “buy” rating and set a $53.00 price objective on shares of Electronics for Imaging in a research note on Thursday, September 7th. Finally, Barclays PLC decreased their price objective on Electronics for Imaging from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Electronics for Imaging has a consensus rating of “Hold” and a consensus price target of $45.75.
About Electronics for Imaging
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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