Electronics for Imaging, Inc. (NASDAQ:EFII) Director Dan Maydan sold 6,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total value of $200,655.00. Following the completion of the sale, the director now directly 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 this link.
Electronics for Imaging, Inc. (EFII) traded down $0.15 during mid-day trading on Monday, hitting $30.63. The stock had a trading volume of 355,900 shares, compared to its average volume of 665,671. Electronics for Imaging, Inc. has a 1 year low of $25.54 and a 1 year 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 2.62. The company has a market cap of $1,420.56, a price-to-earnings ratio of 47.12 and a beta of 1.26.
Electronics for Imaging (NASDAQ:EFII) last posted its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $258.09 million. During the same period last year, the business posted $0.58 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. equities analysts forecast that Electronics for Imaging, Inc. will post 0.34 earnings per share for the current year.
Electronics for Imaging declared that its board has authorized a stock buyback program on Monday, September 11th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
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A number of equities research analysts have weighed in on EFII shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $53.00 target price on shares of Electronics for Imaging in a report on Thursday, September 7th. Loop Capital initiated coverage on Electronics for Imaging in a report on Monday, July 24th. They issued a “buy” rating and a $58.00 target price on the stock. Cross Research raised Electronics for Imaging from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Needham & Company LLC raised their price objective on Electronics for Imaging from $38.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. Finally, Barclays PLC reissued a “buy” rating and set a $47.00 price objective on shares of Electronics for Imaging in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Electronics for Imaging has a consensus rating of “Hold” and an average target price of $45.75.
Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Electronics for Imaging in the 2nd quarter valued at about $108,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Electronics for Imaging by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock valued at $119,000 after buying an additional 217 shares during the period. TrimTabs Asset Management LLC acquired a new stake in shares of Electronics for Imaging in the 2nd quarter valued at about $216,000. Shelton Capital Management acquired a new stake in shares of Electronics for Imaging in the 2nd quarter valued at about $219,000. Finally, Riverhead Capital Management LLC grew its stake in shares of Electronics for Imaging by 75.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,730 shares of the technology company’s stock valued at $224,000 after buying an additional 2,030 shares during the period.
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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