Walthausen & Co. LLC Boosts Stake in Electronics for Imaging, Inc. (EFII)

Walthausen & Co. LLC lifted its stake in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) by 22.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 452,990 shares of the technology company’s stock after buying an additional 84,420 shares during the quarter. Electronics for Imaging comprises about 1.8% of Walthausen & Co. LLC’s portfolio, making the stock its 7th largest holding. Walthausen & Co. LLC owned approximately 0.98% of Electronics for Imaging worth $19,334,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Electronics for Imaging by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,202,705 shares of the technology company’s stock worth $199,125,000 after buying an additional 34,640 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Electronics for Imaging by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 1,403,769 shares of the technology company’s stock worth $59,913,000 after buying an additional 32,600 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Electronics for Imaging by 3.1% during the 2nd quarter. Macquarie Group Ltd. now owns 1,321,566 shares of the technology company’s stock worth $62,616,000 after buying an additional 39,357 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Electronics for Imaging by 14.9% during the 2nd quarter. Voya Investment Management LLC now owns 1,179,368 shares of the technology company’s stock worth $55,879,000 after buying an additional 153,119 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Electronics for Imaging by 3.7% during the 2nd quarter. State Street Corp now owns 1,165,317 shares of the technology company’s stock worth $55,217,000 after buying an additional 41,326 shares during the last quarter.

Electronics for Imaging, Inc. (EFII) opened at $29.07 on Tuesday. Electronics for Imaging, Inc. has a 1 year low of $25.54 and a 1 year high of $51.15. The company has a market cap of $1,319.10, a PE ratio of 44.42 and a beta of 1.25. 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 (NASDAQ:EFII) last released its earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the 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 firm had revenue of $248.36 million during the quarter, compared to the consensus estimate of $258.09 million. During the same period in the prior year, the business earned $0.58 earnings per share. Electronics for Imaging’s quarterly revenue was up 1.1% compared to the same quarter last year. analysts anticipate that Electronics for Imaging, Inc. will post 0.34 EPS for the current year.

Electronics for Imaging declared that its board has approved a stock repurchase plan on Monday, September 11th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In other Electronics for Imaging news, 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 value of $200,655.00. Following the transaction, the director now directly owns 33,310 shares of the company’s stock, valued at approximately $1,028,279.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Guy Gecht sold 9,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 364,885 shares in the company, valued at $15,602,482.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,500 shares of company stock worth $1,120,365. Insiders own 1.88% of the company’s stock.

A number of research firms recently commented on EFII. ValuEngine lowered shares of Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Needham & Company LLC raised their price target on shares of Electronics for Imaging from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Cross Research raised shares of Electronics for Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Capital One Financial began coverage on shares of Electronics for Imaging in a research report on Thursday, September 7th. They set an “overweight” rating on the stock. Finally, Citigroup reaffirmed a “buy” rating and set a $53.00 price target on shares of Electronics for Imaging in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Electronics for Imaging has a consensus rating of “Hold” and a consensus target price of $44.22.

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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.

Institutional Ownership by Quarter for Electronics for Imaging (NASDAQ:EFII)

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