Electronics for Imaging, Inc. (EFII) Shares Down 4.5% Following Insider Selling

Electronics for Imaging, Inc. (NASDAQ:EFII) shares fell 4.5% during trading on Tuesday following insider selling activity. The company traded as low as $27.44 and last traded at $29.25. 565,300 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 665,207 shares. The stock had previously closed at $30.63.

Specifically, CEO Guy Gecht sold 9,000 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $29.50, for a total value of $265,500.00. Following the sale, the chief executive officer now directly owns 354,141 shares in the company, valued at approximately $10,447,159.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dan Maydan sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $30.87, for a total transaction of $200,655.00. Following the completion of the sale, the director now owns 33,310 shares in the company, valued at $1,028,279.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,500 shares of company stock valued at $1,220,175. 1.88% of the stock is owned by insiders.

Several research firms have issued reports on EFII. William Blair cut shares of Electronics for Imaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price (down from $53.00) on shares of Electronics for Imaging in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Citigroup Inc. reiterated a “buy” rating and issued a $53.00 target price on shares of Electronics for Imaging in a research note on Thursday, September 7th. Finally, Barclays PLC lowered their price objective on shares of Electronics for Imaging from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $45.75.

The company has a market capitalization of $1,290.00, a PE ratio of 47.12 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.62 and a debt-to-equity ratio of 0.38.

Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $248.36 million during the quarter, compared to the consensus estimate of $258.09 million. Electronics for Imaging had a return on equity of 3.67% and a net margin of 3.09%. Electronics for Imaging’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. equities research analysts forecast that Electronics for Imaging, Inc. will post 0.34 earnings per share for the current year.

Electronics for Imaging announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Electronics for Imaging by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 24,269 shares of the technology company’s stock valued at $1,150,000 after purchasing an additional 100 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Electronics for Imaging by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,266 shares of the technology company’s stock valued at $1,292,000 after purchasing an additional 123 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Electronics for Imaging by 3.2% during the 2nd quarter. Amalgamated Bank now owns 6,413 shares of the technology company’s stock valued at $304,000 after purchasing an additional 198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Electronics for Imaging by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock valued at $119,000 after purchasing an additional 217 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its stake in shares of Electronics for Imaging by 4.8% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 5,171 shares of the technology company’s stock valued at $245,000 after purchasing an additional 235 shares in the last quarter.

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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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