Laurion Capital Management LP bought a new position in Electronics For Imaging, Inc. (NASDAQ:EFII) during the third quarter, according to its most recent filing with the SEC. The firm bought 166,949 shares of the technology company’s stock, valued at approximately $5,690,000.
Several other institutional investors and hedge funds have also recently modified their holdings of EFII. Envestnet Asset Management Inc. increased its position in shares of Electronics For Imaging by 45.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,792 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Electronics For Imaging during the 2nd quarter valued at $213,000. United Services Automobile Association purchased a new stake in shares of Electronics For Imaging during the 2nd quarter valued at $231,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Electronics For Imaging during the 2nd quarter valued at $237,000. Finally, Riverhead Capital Management LLC increased its position in shares of Electronics For Imaging by 34.8% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,530 shares of the technology company’s stock valued at $291,000 after purchasing an additional 2,200 shares during the last quarter.
Several brokerages have recently issued reports on EFII. Zacks Investment Research raised Electronics For Imaging from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Monday, October 29th. ValuEngine lowered Electronics For Imaging from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Goldman Sachs Group began coverage on Electronics For Imaging in a research report on Friday. They set a “neutral” rating for the company. Finally, BidaskClub lowered Electronics For Imaging from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Electronics For Imaging currently has a consensus rating of “Hold” and an average target price of $34.00.
Shares of Electronics For Imaging stock opened at $27.21 on Friday. Electronics For Imaging, Inc. has a 1 year low of $25.28 and a 1 year high of $35.62. The firm has a market cap of $1.20 billion, a PE ratio of 100.78, a price-to-earnings-growth ratio of 82.61 and a beta of 1.00.
Electronics For Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Monday, October 29th. The technology company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Electronics For Imaging had a positive return on equity of 0.51% and a negative net margin of 2.27%. The company had revenue of $257.10 million during the quarter, compared to analyst estimates of $263.24 million. During the same quarter last year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Electronics For Imaging, Inc. will post 0.11 earnings per share for the current year.
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About Electronics For Imaging
Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.
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