Barclays PLC Reaffirms “Buy” Rating for Electronics for Imaging, Inc. (EFII)

Barclays PLC reiterated their buy rating on shares of Electronics for Imaging, Inc. (NASDAQ:EFII) in a research report report published on Thursday. The brokerage currently has a $47.00 price target on the technology company’s stock.

Other analysts have also recently issued reports about the company. TheStreet upgraded Electronics for Imaging from a c+ rating to a b- rating in a research note on Monday, June 5th. BidaskClub cut Electronics for Imaging from a strong-buy rating to a buy rating in a research note on Tuesday, June 27th. Loop Capital started coverage on Electronics for Imaging in a research note on Monday, July 24th. They issued a buy rating and a $58.00 price target on the stock. Aegis started coverage on Electronics for Imaging in a research note on Tuesday, June 13th. They issued a buy rating and a $58.00 price target on the stock. Finally, Needham & Company LLC restated a buy rating and issued a $38.00 price target (down from $53.00) on shares of Electronics for Imaging in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Electronics for Imaging presently has an average rating of Buy and a consensus price target of $50.70.

Shares of Electronics for Imaging (NASDAQ EFII) traded up 2.11% on Thursday, reaching $41.59. The company had a trading volume of 702,035 shares. Electronics for Imaging has a 52 week low of $25.54 and a 52 week high of $51.15. The company has a 50 day moving average of $36.71 and a 200-day moving average of $44.90. The company has a market capitalization of $1.93 billion, a P/E ratio of 43.10 and a beta of 1.27.

Electronics for Imaging (NASDAQ:EFII) last posted its quarterly earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. The business had revenue of $247.00 million during the quarter, compared to analyst estimates of $247.65 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Analysts predict that Electronics for Imaging will post $2.44 earnings per share for the current fiscal year.

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Electronics for Imaging announced that its board has approved a share buyback program on Monday, September 11th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In other news, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $41.02, for a total transaction of $369,180.00. Following the sale, the chief executive officer now owns 377,950 shares in the company, valued at $15,503,509. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 45,458 shares of company stock worth $2,118,405 in the last quarter. Insiders own 1.88% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of EFII. Strs Ohio increased its position in shares of Electronics for Imaging by 91.7% during the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,100 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Electronics for Imaging by 5.7% during the first quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock worth $442,000 after purchasing an additional 490 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Electronics for Imaging by 5.6% during the first quarter. Great West Life Assurance Co. Can now owns 64,712 shares of the technology company’s stock worth $3,159,000 after purchasing an additional 3,438 shares in the last quarter. Tyers Asset Management LLC increased its position in shares of Electronics for Imaging by 9.3% during the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock worth $112,000 after purchasing an additional 196 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Electronics for Imaging during the first quarter worth about $371,000.

Electronics for Imaging Company 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.

Analyst Recommendations for Electronics for Imaging (NASDAQ:EFII)

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