Electronics for Imaging, Inc. (NASDAQ:EFII)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday. They presently have a $48.00 target price on the technology company’s stock, up from their prior target price of $45.00. Needham & Company LLC’s price target would indicate a potential upside of 16.85% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. TheStreet downgraded Electronics for Imaging from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Longbow Research raised Electronics for Imaging from an “underperform” rating to a “neutral” rating in a report on Wednesday, September 6th. ValuEngine cut Electronics for Imaging from a “hold” rating to a “sell” rating in a report on Friday. Cross Research cut Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a report on Friday, August 4th. Finally, Aegis started coverage on Electronics for Imaging in a report on Tuesday, June 13th. They set a “buy” rating and a $58.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Electronics for Imaging has a consensus rating of “Hold” and a consensus price target of $51.11.
Electronics for Imaging (EFII) opened at 41.08 on Tuesday. The company has a 50-day moving average price of $37.47 and a 200-day moving average price of $45.07. The firm has a market cap of $1.91 billion, a P/E ratio of 40.59 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.
Electronics for Imaging (NASDAQ:EFII) last posted its quarterly earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.02. The firm had revenue of $247 million for the quarter, compared to the consensus estimate of $247.65 million. Electronics for Imaging had a return on equity of 7.77% and a net margin of 4.96%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. On average, equities research analysts forecast that Electronics for Imaging will post $2.50 EPS for the current fiscal year.
Electronics for Imaging announced that its board has authorized a stock repurchase plan on Monday, September 11th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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In other Electronics for Imaging news, CEO Guy Gecht sold 13,746 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $48.21, for a total value of $662,694.66. Following the sale, the chief executive officer now owns 386,760 shares of the company’s stock, valued at approximately $18,645,699.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 36,458 shares of company stock worth $1,749,225. Insiders own 1.88% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Electronics for Imaging during the 2nd quarter valued at about $108,000. Tyers Asset Management LLC raised its holdings in shares of Electronics for Imaging by 9.3% during the 1st quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after buying an additional 196 shares in the last quarter. Strs Ohio raised its holdings in shares of Electronics for Imaging by 91.7% during the 1st quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after buying an additional 1,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Electronics for Imaging by 83.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock valued at $112,000 after buying an additional 1,037 shares in the last quarter. Finally, Flinton Capital Management LLC raised its holdings in shares of Electronics for Imaging by 9.3% during the 1st quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock valued at $136,000 after buying an additional 238 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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