Electronics for Imaging, Inc. (NASDAQ:EFII) had its price target cut by Citigroup Inc. from $53.00 to $43.00 in a report released on Monday, October 30th. They currently have a buy rating on the technology company’s stock.
Other equities research analysts have also issued reports about the stock. TheStreet lowered shares of Electronics for Imaging from a b- rating to a c rating in a report on Friday, August 4th. Cross Research lowered shares of Electronics for Imaging from a buy rating to a hold rating and set a $55.00 price objective for the company. in a report on Friday, August 4th. ValuEngine lowered shares of Electronics for Imaging from a hold rating to a sell rating in a report on Friday, September 8th. Needham & Company LLC boosted their price objective on shares of Electronics for Imaging from $38.00 to $45.00 and gave the stock a buy rating in a report on Wednesday, September 6th. Finally, Sidoti lowered shares of Electronics for Imaging from a buy rating to a neutral rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Electronics for Imaging currently has a consensus rating of Hold and an average price target of $45.75.
Electronics for Imaging (NASDAQ:EFII) opened at $27.76 on Monday. 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 has a 12 month low of $25.54 and a 12 month high of $51.15. The company has a market cap of $1,290.00, a P/E ratio of 47.12 and a beta of 1.26.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.10). The company had revenue of $248.36 million during the quarter, compared to analysts’ expectations of $258.09 million. Electronics for Imaging had a return on equity of 0.90% and a net margin of 0.76%. Electronics for Imaging’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. sell-side analysts expect that Electronics for Imaging will post 0.34 earnings per share for the current year.
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Electronics for Imaging announced that its board has authorized a share buyback program on Monday, September 11th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In related news, CEO Guy Gecht sold 9,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $42.76, for a total transaction of $384,840.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dan Maydan sold 6,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $30.87, for a total transaction of $200,655.00. Following the sale, the director now directly owns 33,310 shares in the company, valued at approximately $1,028,279.70. The disclosure for this sale can be found here. Insiders sold a total of 33,500 shares of company stock worth $1,220,175 over the last ninety days. Insiders own 1.88% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in EFII. Becker Capital Management Inc. boosted its holdings in shares of Electronics for Imaging by 1,078.2% during the 3rd quarter. Becker Capital Management Inc. now owns 586,335 shares of the technology company’s stock valued at $25,025,000 after acquiring an additional 536,569 shares during the last quarter. Falcon Point Capital LLC purchased a new stake in shares of Electronics for Imaging during the 2nd quarter valued at about $14,015,000. Elk Creek Partners LLC boosted its holdings in shares of Electronics for Imaging by 112.4% during the 3rd quarter. Elk Creek Partners LLC now owns 557,110 shares of the technology company’s stock valued at $23,777,000 after acquiring an additional 294,816 shares during the last quarter. RK Capital Management LLC purchased a new stake in shares of Electronics for Imaging during the 2nd quarter valued at about $13,271,000. Finally, Fred Alger Management Inc. bought a new position in shares of Electronics for Imaging in the 2nd quarter worth approximately $10,746,000.
Electronics for Imaging Company Profile
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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