ValuEngine upgraded shares of Electronics for Imaging, Inc. (NASDAQ:EFII) from a sell rating to a hold rating in a report issued on Thursday morning.
EFII has been the topic of a number of other research reports. William Blair cut Electronics for Imaging from an outperform rating to a market perform rating in a report on Friday, October 27th. Needham & Company LLC reissued a buy rating and set a $38.00 price objective (down previously from $53.00) on shares of Electronics for Imaging in a report on Wednesday, August 9th. Citigroup Inc. reissued a buy rating and set a $53.00 price objective on shares of Electronics for Imaging in a report on Thursday, September 7th. Barclays PLC dropped their price objective on Electronics for Imaging from $46.00 to $42.00 and set an overweight rating on the stock in a report on Friday, October 27th. Finally, Longbow Research raised Electronics for Imaging from an underperform rating to a neutral rating in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Electronics for Imaging currently has an average rating of Hold and a consensus price target of $45.75.
Shares of Electronics for Imaging (NASDAQ EFII) traded down $0.15 during midday trading on Thursday, hitting $30.63. The stock had a trading volume of 354,712 shares, compared to its average volume of 665,669. Electronics for Imaging has a 1 year low of $25.54 and a 1 year high of $51.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.62 and a quick ratio of 2.20. The stock has a market cap of $1,445.61, a PE ratio of 47.95 and a beta of 1.26.
Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $248.36 million for the quarter, compared to analysts’ expectations of $258.09 million. Electronics for Imaging had a net margin of 3.09% and a return on equity of 3.67%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS. research analysts forecast that Electronics for Imaging will post 0.34 earnings per share for the current fiscal year.
Electronics for Imaging declared that its Board of Directors has authorized a share repurchase program on Monday, September 11th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $29.50, for a total value of $265,500.00. Following the transaction, the chief executive officer now directly owns 354,141 shares in the company, valued at approximately $10,447,159.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 27,000 shares of company stock worth $1,019,520 over the last 90 days. Corporate insiders own 1.88% of the company’s stock.
Several institutional investors have recently made changes to their positions in EFII. UBS Asset Management Americas Inc. increased its position in shares of Electronics for Imaging by 78.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,735 shares of the technology company’s stock valued at $1,208,000 after purchasing an additional 10,875 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Electronics for Imaging by 0.8% during the 1st quarter. California Public Employees Retirement System now owns 92,600 shares of the technology company’s stock valued at $4,522,000 after purchasing an additional 700 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Electronics for Imaging by 39.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,315 shares of the technology company’s stock valued at $406,000 after purchasing an additional 2,345 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Electronics for Imaging by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 4,168,065 shares of the technology company’s stock valued at $203,527,000 after purchasing an additional 178,281 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Electronics for Imaging by 6.6% during the 1st quarter. Geode Capital Management LLC now owns 386,709 shares of the technology company’s stock valued at $18,883,000 after purchasing an additional 23,840 shares during the last quarter.
Electronics for Imaging Company Profile
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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