Smith Graham & Co. Investment Advisors LP decreased its position in Electronics for Imaging Inc. (NASDAQ:EFII) by 6.1% during the second quarter, Holdings Channel reports. The firm owned 110,986 shares of the company’s stock after selling 7,160 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Electronics for Imaging were worth $4,777,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in Electronics for Imaging by 128.9% in the first quarter. BlackRock Inc. now owns 3,108 shares of the company’s stock worth $132,000 after buying an additional 1,750 shares during the last quarter. Strs Ohio raised its stake in Electronics for Imaging by 40.7% in the second quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $163,000 after buying an additional 1,100 shares during the last quarter. HBK Investments L P purchased a new stake in Electronics for Imaging during the first quarter worth $208,000. Parametrica Management Ltd bought a new position in shares of Electronics for Imaging during the first quarter valued at approximately $220,000. Finally, 1st Global Advisors Inc. bought a new position in shares of Electronics for Imaging during the second quarter valued at approximately $220,000.
Shares of Electronics for Imaging Inc. (NASDAQ:EFII) traded down 0.75% during midday trading on Thursday, hitting $48.73. The company had a trading volume of 202,473 shares. Electronics for Imaging Inc. has a 12 month low of $35.88 and a 12 month high of $50.09. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 83.87 and a beta of 1.26. The stock’s 50-day moving average price is $46.87 and its 200-day moving average price is $43.68.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings results on Monday, July 25th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by $0.02. The company had revenue of $346 million for the quarter, compared to analyst estimates of $247.61 million. Electronics for Imaging had a return on equity of 7.78% and a net margin of 2.87%. The business’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. On average, equities research analysts forecast that Electronics for Imaging Inc. will post $2.45 EPS for the current year.
EFII has been the topic of several recent analyst reports. Brean Capital reiterated a “buy” rating on shares of Electronics for Imaging in a research note on Monday, June 20th. Stifel Nicolaus initiated coverage on shares of Electronics for Imaging in a research note on Thursday, August 25th. They issued a “buy” rating and a $53.00 price target on the stock. TheStreet upgraded shares of Electronics for Imaging from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Needham & Company LLC initiated coverage on shares of Electronics for Imaging in a research note on Tuesday. They issued a “buy” rating and a $58.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $53.38.
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 transaction of $1,635,444.20. Following the transaction, the chief executive officer now directly owns 448,213 shares of the company’s stock, valued at approximately $20,348,870.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.24% of the company’s stock.
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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