Electronics for Imaging, Inc. (NASDAQ:EFII) had its target price upped by Morgan Stanley from $28.00 to $29.00 in a research report sent to investors on Friday morning. The firm currently has an underweight rating on the technology company’s stock.
A number of other equities analysts have also recently commented on EFII. ValuEngine cut shares of Electronics for Imaging from a hold rating to a sell rating in a research report on Tuesday, May 23rd. TheStreet raised shares of Electronics for Imaging from a c+ rating to a b- rating in a research report on Monday, June 5th. William Blair reaffirmed an outperform rating on shares of Electronics for Imaging in a research report on Monday, June 12th. Aegis started coverage on shares of Electronics for Imaging in a research report on Tuesday, June 13th. They set a buy rating and a $58.00 price objective for the company. Finally, Zacks Investment Research raised shares of Electronics for Imaging from a sell rating to a hold rating in a research report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Electronics for Imaging currently has a consensus rating of Hold and a consensus target price of $50.78.
Electronics for Imaging (NASDAQ:EFII) opened at 38.20 on Friday. The firm has a market capitalization of $1.78 billion, a PE ratio of 37.75 and a beta of 1.27. Electronics for Imaging has a 1-year low of $25.54 and a 1-year high of $51.15. The company’s 50-day moving average is $37.79 and its 200 day moving average is $45.11.
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In other news, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $48.25, for a total transaction of $434,250.00. Following the completion of the sale, the chief executive officer now owns 386,760 shares of the company’s stock, valued at $18,661,170. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 36,458 shares of company stock valued at $1,749,225 in the last three months. Insiders own 1.88% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. 1st Global Advisors Inc. raised its stake in Electronics for Imaging by 11.1% in the second quarter. 1st Global Advisors Inc. now owns 7,715 shares of the technology company’s stock valued at $366,000 after purchasing an additional 773 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Electronics for Imaging in the second quarter valued at about $476,000. Westwood Holdings Group Inc. raised its stake in Electronics for Imaging by 7.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,055,845 shares of the technology company’s stock valued at $49,629,000 after purchasing an additional 75,045 shares in the last quarter. Castleark Management LLC acquired a new position in Electronics for Imaging in the second quarter valued at about $8,723,000. Finally, State Street Corp raised its stake in Electronics for Imaging by 3.7% in the second quarter. State Street Corp now owns 1,165,317 shares of the technology company’s stock valued at $55,217,000 after purchasing an additional 41,326 shares in the last quarter.
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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