Schwab Charles Investment Management Inc. Lowers Holdings in Electronics For Imaging, Inc. (EFII)

Schwab Charles Investment Management Inc. cut its position in Electronics For Imaging, Inc. (NASDAQ:EFII) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,795 shares of the technology company’s stock after selling 2,838 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.61% of Electronics For Imaging worth $12,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Electronics For Imaging in the second quarter valued at $108,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Electronics For Imaging by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock valued at $119,000 after purchasing an additional 217 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Electronics For Imaging in the second quarter valued at $219,000. Riverhead Capital Management LLC grew its position in shares of Electronics For Imaging by 75.2% in the second quarter. Riverhead Capital Management LLC now owns 4,730 shares of the technology company’s stock valued at $224,000 after purchasing an additional 2,030 shares in the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of Electronics For Imaging by 70.7% in the second quarter. Flinton Capital Management LLC now owns 4,760 shares of the technology company’s stock valued at $225,000 after purchasing an additional 1,972 shares in the last quarter.

Electronics For Imaging, Inc. (NASDAQ:EFII) opened at $29.09 on Wednesday. Electronics For Imaging, Inc. has a 52-week low of $25.54 and a 52-week high of $51.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.63. The company has a market capitalization of $1,352.45, a PE ratio of 44.75 and a beta of 1.25.

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

Electronics For Imaging announced that its Board of Directors has initiated a stock buyback program on Monday, September 11th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

In other Electronics For Imaging news, CEO Guy Gecht sold 9,000 shares of Electronics For Imaging stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $29.50, for a total transaction of $265,500.00. Following the completion of the sale, the chief executive officer now owns 354,141 shares of the company’s stock, valued at $10,447,159.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dan Maydan sold 6,500 shares of Electronics For Imaging stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $30.87, for a total value of $200,655.00. Following the sale, the director now directly owns 33,310 shares of the company’s stock, valued at approximately $1,028,279.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,500 shares of company stock valued at $735,525. Corporate insiders own 1.88% of the company’s stock.

EFII has been the subject of several recent research reports. Barclays reiterated a “buy” rating and issued a $47.00 price target on shares of Electronics For Imaging in a research report on Thursday, September 14th. ValuEngine cut Electronics For Imaging from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Wells Fargo & Co started coverage on Electronics For Imaging in a research report on Tuesday, November 14th. They set a “market perform” rating and a $32.00 target price for the company. Citigroup reduced their target price on 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. Finally, Zacks Investment Research upgraded Electronics For Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.22.

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Electronics For Imaging Profile

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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