Northern Trust Corp Acquires 2,440 Shares of Electronics for Imaging, Inc. (EFII)

Northern Trust Corp Acquires 2,440 Shares of Electronics for Imaging, Inc. (EFII)

Northern Trust Corp raised its stake in Electronics for Imaging, Inc. (NASDAQ:EFII) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 924,791 shares of the company’s stock after buying an additional 2,440 shares during the period. Northern Trust Corp owned about 1.98% of Electronics for Imaging worth $45,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates boosted its position in shares of Electronics for Imaging by 1.1% in the second quarter. Raymond James & Associates now owns 5,026 shares of the company’s stock worth $216,000 after buying an additional 57 shares during the period. Paradigm Asset Management Co. LLC boosted its position in shares of Electronics for Imaging by 1.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,500 shares of the company’s stock worth $237,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Electronics for Imaging by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,450 shares of the company’s stock worth $511,000 after buying an additional 170 shares during the period. Legal & General Group Plc boosted its position in shares of Electronics for Imaging by 2.3% in the second quarter. Legal & General Group Plc now owns 10,456 shares of the company’s stock worth $440,000 after buying an additional 238 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Electronics for Imaging by 1.2% in the second quarter. Arizona State Retirement System now owns 24,469 shares of the company’s stock worth $1,053,000 after buying an additional 300 shares during the period.

Shares of Electronics for Imaging, Inc. (NASDAQ:EFII) traded down 0.09% during trading on Friday, hitting $45.65. 992,196 shares of the stock were exchanged. Electronics for Imaging, Inc. has a 52 week low of $35.88 and a 52 week high of $50.09. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 48.05 and a beta of 1.40. The stock’s 50 day moving average price is $44.34 and its 200 day moving average price is $44.93.

Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Wednesday, January 25th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. The company had revenue of $266.70 million for the quarter, compared to analysts’ expectations of $271.93 million. Electronics for Imaging had a net margin of 4.57% and a return on equity of 7.34%. Electronics for Imaging’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. On average, equities analysts predict that Electronics for Imaging, Inc. will post $2.70 earnings per share for the current year.

EFII has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of 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 reissued a “buy” rating and issued a $56.00 price objective (down 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 shares of Electronics for Imaging and gave the company a “buy” rating in a research note on Tuesday, October 25th. TheStreet lowered shares of Electronics for Imaging from a “b” rating to a “c+” rating in a research report on Thursday, January 12th. Finally, Stifel Nicolaus cut their target price on shares of Electronics for Imaging from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Electronics for Imaging currently has a consensus rating of “Buy” and a consensus price target of $53.33.

In related news, Director Dan Maydan sold 3,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $42.52, for a total transaction of $138,190.00. Following the sale, the director now owns 30,060 shares of the company’s stock, valued at approximately $1,278,151.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Guy Gecht sold 13,606 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $43.71, for a total transaction of $594,718.26. Following the sale, the chief executive officer now directly owns 428,373 shares in the company, valued at approximately $18,724,183.83. The disclosure for this sale can be found here. Insiders have sold a total of 78,445 shares of company stock worth $3,402,309 over the last 90 days. 2.24% of the stock is currently owned by corporate insiders.

About Electronics for Imaging

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.

Want to see what other hedge funds are holding EFII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronics for Imaging, Inc. (NASDAQ:EFII).

Related posts

Leave a Comment