Wells Fargo & Company began coverage on shares of Electronics for Imaging, Inc. (NASDAQ:EFII) in a research note released on Tuesday morning. The brokerage issued a market perform rating and a $32.00 price target on the technology company’s stock.
A number of other analysts have also recently weighed in on EFII. ValuEngine raised Electronics for Imaging from a sell rating to a hold rating in a research report on Thursday, November 9th. TheStreet cut Electronics for Imaging from a b- rating to a c rating in a research report on Friday, August 4th. Barclays PLC lowered Electronics for Imaging from an overweight rating to an equal weight rating in a research note on Monday, November 6th. Needham & Company LLC reiterated a buy rating and issued a $43.00 price objective on shares of Electronics for Imaging in a research note on Sunday, October 29th. Finally, William Blair reiterated an outperform rating on shares of Electronics for Imaging in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $44.22.
Shares of Electronics for Imaging (NASDAQ:EFII) traded down $1.49 during trading hours on Tuesday, hitting $27.76. The company’s stock had a trading volume of 1,533,500 shares, compared to its average volume of 669,159. Electronics for Imaging has a 12 month low of $25.54 and a 12 month high of $51.15. The firm has a market capitalization of $1,356.56, a PE ratio of 45.00 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 for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). Electronics for Imaging had a return on equity of 3.67% and a net margin of 3.09%. The company had revenue of $248.36 million during the quarter, compared to analyst estimates of $258.09 million. During the same period in the prior year, the firm earned $0.58 EPS. Electronics for Imaging’s quarterly revenue was up 1.1% on a year-over-year basis. equities analysts forecast that Electronics for Imaging will post 0.34 earnings per share for the current fiscal year.
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Electronics for Imaging announced that its board 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 purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $42.76, for a total value of $384,840.00. Following the transaction, the chief executive officer now directly owns 364,885 shares of the company’s stock, valued at approximately $15,602,482.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dan Maydan sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $30.87, for a total value of $200,655.00. Following the completion of the transaction, the director now directly owns 33,310 shares in the company, valued at $1,028,279.70. The disclosure for this sale can be found here. Insiders have sold 33,500 shares of company stock worth $1,220,175 over the last ninety days. Company insiders own 1.88% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Electronics for Imaging in the 2nd quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 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 worth $119,000 after buying an additional 217 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Electronics for Imaging during the 3rd quarter worth $213,000. TrimTabs Asset Management LLC acquired a new position in Electronics for Imaging during the 2nd quarter worth $216,000. Finally, Shelton Capital Management acquired a new position in Electronics for Imaging during the 2nd quarter worth $219,000.
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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