Principal Financial Group Inc. boosted its stake in shares of Electronics for Imaging Inc. (NASDAQ:EFII) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,867 shares of the company’s stock after buying an additional 8,605 shares during the period. Principal Financial Group Inc. owned approximately 0.72% of Electronics for Imaging worth $14,542,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Aristotle Capital Boston LLC raised its stake in Electronics for Imaging by 4.3% in the first quarter. Aristotle Capital Boston LLC now owns 202,050 shares of the company’s stock valued at $8,565,000 after buying an additional 8,247 shares in the last quarter. Arrowgrass Capital Partners US LP raised its stake in Electronics for Imaging by 18.2% in the first quarter. Arrowgrass Capital Partners US LP now owns 400,274 shares of the company’s stock valued at $16,968,000 after buying an additional 61,611 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Electronics for Imaging during the first quarter valued at about $403,000. Adage Capital Partners GP L.L.C. raised its stake in Electronics for Imaging by 12.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 525,000 shares of the company’s stock valued at $22,255,000 after buying an additional 60,000 shares in the last quarter. Finally, HBK Investments L P purchased a new stake in Electronics for Imaging during the first quarter valued at about $208,000.
Electronics for Imaging Inc. (NASDAQ:EFII) traded down 1.20% on Friday, hitting $48.71. The stock had a trading volume of 405,763 shares. The firm has a market cap of $2.28 billion, a P/E ratio of 83.84 and a beta of 1.29. Electronics for Imaging Inc. has a 1-year low of $35.88 and a 1-year high of $50.09. The firm’s 50-day moving average price is $47.74 and its 200-day moving average price is $43.99.
Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.02. Electronics for Imaging had a return on equity of 7.78% and a net margin of 2.87%. The firm earned $346 million during the quarter, compared to the consensus estimate of $247.61 million. During the same quarter in the prior year, the business posted $0.48 EPS. Electronics for Imaging’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts predict that Electronics for Imaging Inc. will post $2.45 earnings per share for the current year.
Several research firms recently issued reports on EFII. Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Needham & Company LLC began coverage on Electronics for Imaging in a research report on Tuesday, September 27th. They set a “buy” rating and a $58.00 price target on the stock. Brean Capital restated a “buy” rating and set a $60.00 price objective on shares of Electronics for Imaging in a research note on Friday, September 16th. William Blair began coverage on Electronics for Imaging in a research note on Friday, September 9th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus began coverage on Electronics for Imaging in a research note on Thursday, August 25th. They set a “buy” rating and a $53.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $53.38.
In other Electronics for Imaging news, CEO Guy Gecht sold 36,023 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $45.40, for a total value of $1,635,444.20. Following the completion of the sale, the chief executive officer now owns 448,213 shares in the company, valued at approximately $20,348,870.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.24% of the stock is owned by company 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.
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