Electronics for Imaging, Inc. (NASDAQ:EFII) had its price objective cut by Stifel Nicolaus from $53.00 to $51.00 in a report published on Thursday. They currently have a buy rating on the stock.
Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Electronics for Imaging from a hold rating to a buy rating and set a $48.00 price objective on the stock in a research note on Tuesday, October 25th. Needham & Company LLC restated a buy rating and issued a $56.00 price objective (down previously from $58.00) on shares of Electronics for Imaging in a research note on Thursday, October 20th. Brean Capital set a $60.00 price objective on Electronics for Imaging and gave the company a buy rating in a research note on Tuesday, October 25th. Finally, TheStreet lowered Electronics for Imaging from a b rating to a c+ rating in a research note on Thursday, January 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $53.33.
Shares of Electronics for Imaging (NASDAQ:EFII) traded down 0.02% during mid-day trading on Thursday, reaching $45.68. The company had a trading volume of 897,923 shares. The firm’s 50 day moving average is $44.31 and its 200-day moving average is $44.91. Electronics for Imaging has a 12-month low of $35.88 and a 12-month high of $50.09. The stock has a market capitalization of $2.14 billion, a P/E ratio of 61.73 and a beta of 1.40.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Wednesday, January 25th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. The firm had revenue of $266.70 million for the quarter, compared to analyst estimates of $271.93 million. Electronics for Imaging had a return on equity of 7.34% and a net margin of 4.57%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, analysts expect that Electronics for Imaging will post $2.42 earnings per share for the current fiscal year.
In other Electronics for Imaging news, Director Thomas Georgens sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $43.28, for a total transaction of $1,082,000.00. Following the transaction, the director now owns 43,500 shares in the company, valued at approximately $1,882,680. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dan Maydan sold 3,250 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $42.52, for a total value of $138,190.00. Following the transaction, the director now owns 30,060 shares in the company, valued at approximately $1,278,151.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,445 shares of company stock worth $3,402,309. 2.24% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of EFII. Russell Investments Group Ltd. bought a new position in Electronics for Imaging during the fourth quarter worth approximately $376,000. The Manufacturers Life Insurance Company bought a new position in Electronics for Imaging during the third quarter worth approximately $1,546,000. Arrowgrass Capital Partners US LP raised its position in Electronics for Imaging by 28.6% in the third quarter. Arrowgrass Capital Partners US LP now owns 507,957 shares of the company’s stock worth $24,849,000 after buying an additional 113,039 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Electronics for Imaging by 1.4% in the third quarter. Adage Capital Partners GP L.L.C. now owns 365,000 shares of the company’s stock worth $17,856,000 after buying an additional 5,000 shares during the period. Finally, KCG Holdings Inc. bought a new position in Electronics for Imaging during the third quarter worth approximately $300,000.
Electronics for Imaging Company Profile
Electronics For Imaging, Inc (EFI) 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. The Company operates through three segments: Industrial Inkjet, Productivity Software and Fiery.