Electronics for Imaging, Inc. (NASDAQ:EFII) had its price objective reduced by Loop Capital from $58.00 to $50.00 in a research note released on Friday. They currently have a buy rating on the technology company’s stock.
A number of other research firms have also recently issued reports on EFII. BidaskClub cut Electronics for Imaging from a buy rating to a hold rating in a report on Wednesday, July 19th. Sidoti cut Electronics for Imaging from a buy rating to a neutral rating in a report on Friday, August 4th. Cross Research cut Electronics for Imaging from a buy rating to a hold rating and set a $55.00 target price for the company. in a report on Friday, August 4th. Morgan Stanley cut Electronics for Imaging from an equal weight rating to an underweight rating in a report on Friday, August 4th. Finally, Longbow Research cut Electronics for Imaging from a neutral rating to an underperform rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $45.75.
Electronics for Imaging (NASDAQ:EFII) opened at 30.40 on Friday. The stock’s 50 day moving average price is $41.43 and its 200-day moving average price is $43.54. The stock has a market cap of $1.41 billion, a P/E ratio of 31.50 and a beta of 1.29. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the Zacks’ 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 quarter in the prior year, the company earned $0.58 EPS. Electronics for Imaging’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts predict that Electronics for Imaging will post $2.13 earnings per share for the current year.
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Electronics for Imaging declared that its Board of Directors has authorized a stock buyback plan on Monday, September 11th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $42.76, for a total value of $384,840.00. Following the completion of the transaction, the chief executive officer now owns 364,885 shares in the company, valued at approximately $15,602,482.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.88% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Parametrica Management Ltd acquired a new stake in Electronics for Imaging in the 3rd quarter valued at about $416,000. Victory Capital Management Inc. lifted its stake in Electronics for Imaging by 2.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,403,769 shares of the technology company’s stock valued at $59,913,000 after purchasing an additional 32,600 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Electronics for Imaging in the 3rd quarter valued at about $377,000. Nationwide Fund Advisors lifted its stake in Electronics for Imaging by 4.2% in the 3rd quarter. Nationwide Fund Advisors now owns 262,848 shares of the technology company’s stock valued at $11,218,000 after purchasing an additional 10,699 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP lifted its stake in Electronics for Imaging by 147.9% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 338,185 shares of the technology company’s stock valued at $14,434,000 after purchasing an additional 201,769 shares during the last quarter.
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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