Senvest Management LLC Buys 7,572 Shares of Electronics For Imaging, Inc. (EFII)

Senvest Management LLC increased its stake in Electronics For Imaging, Inc. (NASDAQ:EFII) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 385,097 shares of the technology company’s stock after purchasing an additional 7,572 shares during the period. Electronics For Imaging accounts for 1.0% of Senvest Management LLC’s portfolio, making the stock its 24th largest position. Senvest Management LLC owned approximately 0.88% of Electronics For Imaging worth $13,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new stake in shares of Electronics For Imaging during the 2nd quarter valued at $281,000. Amalgamated Bank acquired a new position in Electronics For Imaging in the 2nd quarter worth $213,000. Cornerstone Wealth Management LLC acquired a new position in Electronics For Imaging in the 2nd quarter worth $290,000. Aperio Group LLC boosted its stake in Electronics For Imaging by 17.8% in the 2nd quarter. Aperio Group LLC now owns 9,899 shares of the technology company’s stock worth $322,000 after purchasing an additional 1,499 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in Electronics For Imaging in the 2nd quarter worth $237,000.

A number of brokerages recently weighed in on EFII. BidaskClub raised shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. ValuEngine downgraded shares of Electronics For Imaging from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Finally, Zacks Investment Research upgraded shares of Electronics For Imaging from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, October 16th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.00.

Shares of Electronics For Imaging stock traded down $0.60 during trading hours on Tuesday, reaching $28.19. 15,077 shares of the company’s stock were exchanged, compared to its average volume of 500,697. Electronics For Imaging, Inc. has a fifty-two week low of $25.28 and a fifty-two week high of $35.62. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 104.41, a P/E/G ratio of 83.88 and a beta of 1.00.

Electronics For Imaging (NASDAQ:EFII) last posted its quarterly earnings data on Monday, October 29th. The technology company reported $0.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.50. Electronics For Imaging had a negative net margin of 2.27% and a positive return on equity of 0.51%. The company had revenue of $257.10 million during the quarter, compared to the consensus estimate of $263.24 million. During the same period in the prior year, the business posted $0.48 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Electronics For Imaging, Inc. will post 0.11 earnings per share for the current year.

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Electronics For Imaging Company Profile

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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

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