Catalyst Capital Advisors LLC bought a new stake in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,700 shares of the technology company’s stock, valued at approximately $286,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Arizona State Retirement System raised its stake in 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 during the period. State Board of Administration of Florida Retirement System raised its stake in 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 during the period. Amalgamated Bank raised its stake in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $119,000 after buying an additional 217 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. grew its holdings in 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 buying an additional 235 shares in the last quarter.
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Several research firms have weighed in on EFII. Wells Fargo & Company began coverage on Electronics for Imaging in a report on Tuesday, November 14th. They set a “market perform” rating and a $32.00 price target for the company. ValuEngine upgraded Electronics for Imaging from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barclays PLC cut Electronics for Imaging from an “overweight” rating to an “equal weight” rating in a report on Monday, November 6th. Citigroup Inc. decreased their target price on Electronics for Imaging from $53.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price on shares of Electronics for Imaging in a research report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $44.22.
In other Electronics for Imaging news, Director Dan Maydan sold 6,500 shares of the business’s stock in a transaction 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 approximately $1,028,279.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $42.76, for a total value of $384,840.00. Following the completion of the transaction, the chief executive officer now owns 364,885 shares of the company’s stock, valued at $15,602,482.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,500 shares of company stock worth $1,220,175. Corporate insiders own 1.88% of the company’s stock.
Shares of Electronics for Imaging, Inc. (NASDAQ:EFII) traded up $0.26 during midday trading on Wednesday, hitting $28.90. The stock had a trading volume of 364,600 shares, compared to its average volume of 682,509. The firm has a market capitalization of $1,328.27, a PE ratio of 44.06 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.62. Electronics for Imaging, Inc. has a twelve month low of $25.54 and a twelve month high of $51.15.
Electronics for Imaging (NASDAQ:EFII) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.10). Electronics for Imaging had a net margin of 3.09% and a return on equity of 3.67%. The business had revenue of $248.36 million during the quarter, compared to analyst estimates of $258.09 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. sell-side analysts expect that Electronics for Imaging, Inc. will post 0.34 earnings per share for the current fiscal year.
Electronics for Imaging announced that its Board of Directors has authorized a share buyback program on Monday, September 11th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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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