Russell Investments Group Ltd. raised its position in Electronics for Imaging, Inc. (NASDAQ:EFII) by 72.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 245,574 shares of the technology company’s stock after buying an additional 103,369 shares during the period. Russell Investments Group Ltd. owned 0.53% of Electronics for Imaging worth $10,481,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of EFII. Renaissance Technologies LLC purchased a new stake in Electronics for Imaging in the 1st quarter valued at about $1,144,000. Aperio Group LLC increased its stake in Electronics for Imaging by 128.3% in the 2nd quarter. Aperio Group LLC now owns 20,687 shares of the technology company’s stock valued at $980,000 after buying an additional 11,625 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Electronics for Imaging by 2.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,960 shares of the technology company’s stock valued at $519,000 after buying an additional 270 shares during the last quarter. NGAM Advisors L.P. purchased a new stake in Electronics for Imaging in the 2nd quarter valued at about $840,000. Finally, Harbour Capital Advisors LLC increased its stake in Electronics for Imaging by 82.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 11,845 shares of the technology company’s stock valued at $250,000 after buying an additional 5,345 shares during the last quarter.
In other news, Director Dan Maydan sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total transaction of $200,655.00. Following the completion of the sale, the director now owns 33,310 shares in the company, valued at approximately $1,028,279.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Guy Gecht sold 9,000 shares of the firm’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 transaction of $384,840.00. Following the sale, the chief executive officer now owns 364,885 shares of the company’s stock, valued at approximately $15,602,482.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,500 shares of company stock valued at $1,489,545. 1.88% of the stock is currently owned by company insiders.
Several equities research analysts have commented on EFII shares. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective (down previously from $53.00) on shares of Electronics for Imaging in a research note on Wednesday, August 9th. Cross Research upgraded shares of Electronics for Imaging from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. William Blair reiterated an “outperform” rating on shares of Electronics for Imaging in a research note on Wednesday, September 6th. Longbow Research upgraded shares of Electronics for Imaging from an “underperform” rating to a “neutral” rating in a research note on Wednesday, September 6th. Finally, Citigroup reiterated a “buy” rating and issued a $53.00 price objective on shares of Electronics for Imaging in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $44.22.
Shares of Electronics for Imaging, Inc. (NASDAQ EFII) opened at $29.14 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.63. Electronics for Imaging, Inc. has a one year low of $25.54 and a one year high of $51.15. The stock has a market cap of $1,352.91, a P/E ratio of 45.55 and a beta of 1.25.
Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $258.09 million. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. research analysts expect that Electronics for Imaging, Inc. will post 0.34 earnings per share for the current year.
Electronics for Imaging declared that its board has authorized a share repurchase plan on Monday, September 11th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
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Electronics for Imaging 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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