BB&T Corp Acquires Shares of 8,977 Electronics for Imaging, Inc. (NASDAQ:EFII)

BB&T Corp purchased a new stake in Electronics for Imaging, Inc. (NASDAQ:EFII) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,977 shares of the technology company’s stock, valued at approximately $425,000.

A number of other large investors also recently made changes to their positions in the company. Strs Ohio increased its stake in shares of Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after buying an additional 1,100 shares in the last quarter. Tyers Asset Management LLC boosted its stake in Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock worth $112,000 after buying an additional 196 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock worth $112,000 after buying an additional 1,037 shares during the period. Acrospire Investment Management LLC boosted its stake in Electronics for Imaging by 156.1% in the first quarter. Acrospire Investment Management LLC now owns 2,305 shares of the technology company’s stock worth $113,000 after buying an additional 1,405 shares during the period. Finally, Flinton Capital Management LLC boosted its stake in Electronics for Imaging by 9.3% in the first quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock worth $136,000 after buying an additional 238 shares during the period.

Shares of Electronics for Imaging, Inc. (NASDAQ:EFII) opened at 33.15 on Friday. Electronics for Imaging, Inc. has a 12-month low of $25.54 and a 12-month high of $51.15. The company has a 50-day moving average of $43.03 and a 200 day moving average of $46.19. The firm has a market cap of $1.54 billion, a P/E ratio of 32.76 and a beta of 1.23.

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A number of research firms have recently commented on EFII. TheStreet cut Electronics for Imaging from a “b-” rating to a “c” rating in a research report on Friday, August 4th. Cross Research cut Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a report on Friday, August 4th. Aegis assumed coverage on Electronics for Imaging in a report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 price objective on the stock. Longbow Research cut Electronics for Imaging from a “buy” rating to a “neutral” rating in a report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Electronics for Imaging currently has a consensus rating of “Hold” and a consensus target price of $52.57.

In other Electronics for Imaging news, CEO Guy Gecht sold 13,746 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $48.21, for a total transaction of $662,694.66. Following the transaction, the chief executive officer now owns 386,760 shares of the company’s stock, valued at $18,645,699.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 50,176 shares of company stock worth $2,399,183. 1.88% of the stock is currently owned by insiders.

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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