Electronics for Imaging Inc. (NASDAQ:EFII) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Electronics for Imaging, Inc. designs and markets products that support color and black-and-white printing on a variety of peripheral devices. Its products incorporate hardware and software technologies that transform digital copiers and printers from many leading copier manufacturers into fast, high-quality networked printers. The company’s products include stand-alone servers, which are connected to digital copiers and other peripheral devices, and controllers, which are embedded in digital copiers and desktop color laser printers. “
Several other research firms also recently commented on EFII. Stifel Nicolaus assumed coverage on Electronics for Imaging in a 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 report on Friday, July 29th. Needham & Company LLC assumed coverage on Electronics for Imaging in a report on Tuesday. They issued a “buy” rating and a $58.00 price objective for the company. William Blair assumed coverage on Electronics for Imaging in a report on Friday, September 9th. They issued an “outperform” rating for the company. Finally, Brean Capital reiterated a “buy” rating on shares of Electronics for Imaging in a report on Thursday, June 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Electronics for Imaging presently has a consensus rating of “Buy” and a consensus target price of $53.38.
Electronics for Imaging (NASDAQ:EFII) traded up 0.94% during mid-day trading on Tuesday, hitting $49.23. 824,787 shares of the stock traded hands. The company has a 50-day moving average of $46.57 and a 200 day moving average of $43.61. Electronics for Imaging has a 1-year low of $35.88 and a 1-year high of $50.09. The firm has a market capitalization of $2.30 billion, a P/E ratio of 84.73 and a beta of 1.26.
Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.02. Electronics for Imaging had a net margin of 2.87% and a return on equity of 7.78%. The company had revenue of $346 million for the quarter, compared to the consensus estimate of $247.61 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. Electronics for Imaging’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts anticipate that Electronics for Imaging will post $2.45 EPS for the current year.
In other news, CEO Guy Gecht sold 36,023 shares of Electronics for Imaging stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. Insiders own 2.24% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of EFII. Raymond James & Associates boosted its position in Electronics for Imaging by 1.1% in the second quarter. Raymond James & Associates now owns 5,026 shares of the company’s stock worth $216,000 after buying an additional 57 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its position in Electronics for Imaging by 1.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,500 shares of the company’s stock worth $237,000 after buying an additional 100 shares during the last quarter. PineBridge Investments L.P. boosted its position in Electronics for Imaging by 3.7% in the second quarter. PineBridge Investments L.P. now owns 5,974 shares of the company’s stock worth $257,000 after buying an additional 214 shares during the last quarter. Legal & General Group Plc boosted its position in Electronics for Imaging by 2.3% in the second quarter. Legal & General Group Plc now owns 10,456 shares of the company’s stock worth $440,000 after buying an additional 238 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in Electronics for Imaging by 1.8% in the second quarter. Capstone Asset Management Co. now owns 14,273 shares of the company’s stock worth $614,000 after buying an additional 250 shares during the last quarter.
Electronics for Imaging Company Profile
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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