Zacks Investment Research upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a sell rating to a hold rating in a research report released on Tuesday morning.
According to Zacks, “Electronics for Imaging, Inc. (EFI) is leading the transformation from analog to digital imaging with scalable, digital, award-winning products. Based in Silicon Valley, California with offices around the world, EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process, increasing your competitiveness and boosting productivity. “
Other equities research analysts also recently issued research reports about the stock. Griffin Securities reaffirmed a buy rating on shares of Electronics For Imaging in a research report on Thursday, February 1st. Stifel Nicolaus boosted their price objective on shares of Electronics For Imaging from $36.00 to $40.00 and gave the company a buy rating in a research report on Thursday, February 1st. Citigroup lowered their price objective on shares of Electronics For Imaging from $53.00 to $43.00 and set a buy rating for the company in a research report on Monday, October 30th. TheStreet downgraded shares of Electronics For Imaging from a c rating to a d+ rating in a research report on Thursday, February 1st. Finally, Barclays downgraded shares of Electronics For Imaging from an overweight rating to an equal weight rating in a research report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Electronics For Imaging presently has an average rating of Hold and a consensus target price of $42.78.
Electronics For Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Electronics For Imaging had a negative net margin of 1.54% and a positive return on equity of 1.46%. The business had revenue of $269.20 million for the quarter, compared to the consensus estimate of $264.62 million. During the same period in the prior year, the company earned $0.77 EPS. Electronics For Imaging’s quarterly revenue was up .9% on a year-over-year basis. research analysts expect that Electronics For Imaging will post 0.37 earnings per share for the current year.
In other Electronics For Imaging news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.31, for a total transaction of $272,790.00. Following the completion of the transaction, the chief executive officer now directly owns 324,450 shares of the company’s stock, valued at approximately $9,834,079.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 27,000 shares of company stock valued at $806,490 over the last three months. 1.88% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of Electronics For Imaging by 0.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,407,309 shares of the technology company’s stock worth $41,558,000 after acquiring an additional 3,540 shares during the period. State Street Corp lifted its stake in shares of Electronics For Imaging by 3.7% in the 2nd quarter. State Street Corp now owns 1,165,317 shares of the technology company’s stock worth $55,217,000 after acquiring an additional 41,326 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Electronics For Imaging by 27.0% in the 4th quarter. Glenmede Trust Co. NA now owns 1,161,394 shares of the technology company’s stock worth $34,294,000 after acquiring an additional 247,112 shares during the period. Becker Capital Management Inc. lifted its stake in shares of Electronics For Imaging by 1,078.2% in the 3rd quarter. Becker Capital Management Inc. now owns 586,335 shares of the technology company’s stock worth $25,025,000 after acquiring an additional 536,569 shares during the period. Finally, Elk Creek Partners LLC lifted its stake in shares of Electronics For Imaging by 112.4% in the 3rd quarter. Elk Creek Partners LLC now owns 557,110 shares of the technology company’s stock worth $23,777,000 after acquiring an additional 294,816 shares during the period.
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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.
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