Janus Henderson Group PLC Sells 120,438 Shares of Electronics For Imaging, Inc. (EFII)

Janus Henderson Group PLC trimmed its holdings in shares of Electronics For Imaging, Inc. (NASDAQ:EFII) by 23.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 393,555 shares of the technology company’s stock after selling 120,438 shares during the period. Janus Henderson Group PLC owned about 0.85% of Electronics For Imaging worth $16,797,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EFII. Becker Capital Management Inc. boosted its stake in shares of Electronics For Imaging by 1,078.2% during the 3rd quarter. Becker Capital Management Inc. now owns 586,335 shares of the technology company’s stock worth $25,025,000 after buying an additional 536,569 shares during the last quarter. Elk Creek Partners LLC raised its holdings 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 valued at $23,777,000 after purchasing an additional 294,816 shares during the period. RK Capital Management LLC bought a new stake in shares of Electronics For Imaging in the 2nd quarter valued at about $13,271,000. Fred Alger Management Inc. bought a new stake in shares of Electronics For Imaging in the 2nd quarter valued at about $10,746,000. Finally, Smith Graham & Co. Investment Advisors LP raised its holdings in shares of 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 period.

In other Electronics For Imaging news, Director Dan Maydan sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total transaction of $200,655.00. Following the transaction, the director now owns 33,310 shares in the company, valued at approximately $1,028,279.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Guy Gecht sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $29.93, for a total transaction of $269,370.00. Following the transaction, the chief executive officer now owns 342,450 shares in the company, valued at approximately $10,249,528.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,500 shares of company stock worth $1,120,365. Insiders own 1.88% of the company’s stock.

A number of brokerages have recently issued reports on EFII. Zacks Investment Research raised shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Wells Fargo & Co began coverage on shares of Electronics For Imaging in a report on Tuesday, November 14th. They issued a “market perform” rating and a $32.00 target price on the stock. ValuEngine raised shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barclays cut shares of Electronics For Imaging from an “overweight” rating to an “equal weight” rating in a report on Monday, November 6th. Finally, Citigroup dropped their target price on shares of Electronics For Imaging from $53.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Electronics For Imaging has a consensus rating of “Hold” and a consensus price target of $44.22.

Electronics For Imaging, Inc. (EFII) opened at $29.60 on Friday. The firm has a market cap of $1,350.00, a PE ratio of 44.85 and a beta of 1.25. The company has a quick ratio of 2.20, a current ratio of 2.63 and a debt-to-equity ratio of 0.38. Electronics For Imaging, Inc. has a fifty-two week low of $25.54 and a fifty-two week high of $51.15.

Electronics For Imaging (NASDAQ:EFII) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.10). The company had revenue of $248.36 million during the quarter, compared to the consensus estimate of $258.09 million. Electronics For Imaging had a net margin of 3.09% and a return on equity of 3.67%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. equities research analysts anticipate that Electronics For Imaging, Inc. will post 0.34 earnings per share for the current year.

Electronics For Imaging declared that its Board of Directors has initiated a share buyback program on Monday, September 11th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for Electronics For Imaging (NASDAQ:EFII)

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