Nationwide Fund Advisors raised its stake in shares of Electronics for Imaging Inc. (NASDAQ:EFII) by 39.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,580 shares of the company’s stock after buying an additional 43,752 shares during the period. Nationwide Fund Advisors owned approximately 0.33% of Electronics for Imaging worth $6,696,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in EFII. BlackRock Inc. increased its stake in shares of Electronics for Imaging by 128.9% in the first quarter. BlackRock Inc. now owns 3,108 shares of the company’s stock valued at $132,000 after buying an additional 1,750 shares during the last quarter. Strs Ohio increased its stake in shares of Electronics for Imaging by 40.7% in the second quarter. Strs Ohio now owns 3,800 shares of the company’s stock valued at $163,000 after buying an additional 1,100 shares during the last quarter. HBK Investments L P acquired a new stake in shares of Electronics for Imaging during the first quarter valued at $208,000. Parametrica Management Ltd acquired a new stake in shares of Electronics for Imaging during the first quarter valued at $220,000. Finally, 1st Global Advisors Inc. acquired a new stake in shares of Electronics for Imaging during the second quarter valued at $220,000.
Electronics for Imaging Inc. (NASDAQ:EFII) traded up 0.41% during trading on Monday, hitting $49.11. The company had a trading volume of 81,540 shares. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 84.53 and a beta of 1.26. The stock has a 50-day moving average of $46.28 and a 200 day moving average of $43.47. Electronics for Imaging Inc. has a one year low of $35.88 and a one year high of $49.82.
Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.02. The company earned $346 million during the quarter, compared to the consensus estimate of $247.61 million. Electronics for Imaging had a net margin of 2.87% and a return on equity of 7.78%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. Equities analysts forecast that Electronics for Imaging Inc. will post $2.45 EPS for the current fiscal year.
Several analysts recently weighed in on EFII shares. Brean Capital restated a “buy” rating on shares of Electronics for Imaging in a research note on Monday, June 20th. Stifel Nicolaus started coverage on Electronics for Imaging in a research report on Thursday, August 25th. They issued a “buy” rating and a $53.00 price objective for the company. TheStreet upgraded Electronics for Imaging from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research upgraded Electronics for Imaging from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, William Blair started coverage on Electronics for Imaging in a research report on Friday, September 9th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $52.71.
In related news, CEO Guy Gecht sold 36,023 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $45.40, for a total value of $1,635,444.20. Following the completion of the sale, the chief executive officer now directly owns 448,213 shares in the company, valued at $20,348,870.20. The sale was disclosed in a filing with the SEC, which is available at this link. 2.24% of the stock is owned by corporate insiders.
About Electronics for Imaging
Electronics For Imaging, Inc (EFI) 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. The Company operates through three segments: Industrial Inkjet, Productivity Software and Fiery.
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