Kennedy Capital Management Inc. trimmed its stake in Electronics for Imaging, Inc. (NASDAQ:EFII) by 54.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,811 shares of the technology company’s stock after selling 244,264 shares during the period. Kennedy Capital Management Inc. owned approximately 0.45% of Electronics for Imaging worth $9,846,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Lebenthal Lisanti Capital Growth LLC bought a new stake in shares of Electronics for Imaging in the 2nd quarter valued at approximately $1,664,000. Goldman Sachs Group Inc. lifted its stake in shares of Electronics for Imaging by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,566,893 shares of the technology company’s stock valued at $125,342,000 after purchasing an additional 81,880 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Electronics for Imaging by 0.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 145,570 shares of the technology company’s stock valued at $6,897,000 after purchasing an additional 1,163 shares during the last quarter. UBS Group AG lifted its stake in shares of Electronics for Imaging by 2,651.1% in the 1st quarter. UBS Group AG now owns 11,637 shares of the technology company’s stock valued at $568,000 after purchasing an additional 11,214 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Electronics for Imaging in the 1st quarter valued at approximately $442,000.
In other Electronics for Imaging news, CEO Guy Gecht sold 13,746 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $48.21, for a total transaction of $662,694.66. Following the transaction, the chief executive officer now directly owns 386,760 shares in the company, valued at $18,645,699.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 36,458 shares of company stock worth $1,749,225 over the last 90 days. 1.88% of the stock is owned by insiders.
Shares of Electronics for Imaging, Inc. (EFII) opened at 38.20 on Friday. The stock has a 50 day moving average price of $37.79 and a 200 day moving average price of $45.11. Electronics for Imaging, Inc. has a one year low of $25.54 and a one year high of $51.15. The stock has a market capitalization of $1.78 billion, a P/E ratio of 37.75 and a beta of 1.27.
Several research firms have recently issued reports on EFII. TheStreet raised Electronics for Imaging from a “c+” rating to a “b-” rating in a research note on Monday, June 5th. William Blair reaffirmed an “outperform” rating on shares of Electronics for Imaging in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective (down from $53.00) on shares of Electronics for Imaging in a research note on Wednesday, August 9th. Citigroup Inc. reiterated a “buy” rating and issued a $53.00 price target on shares of Electronics for Imaging in a report on Thursday. Finally, Zacks Investment Research upgraded Electronics for Imaging from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $50.78.
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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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