Today, Electronics for Imaging Inc. (EFII) Stake Decreased by Eagle Asset Management Inc.

Today, Electronics for Imaging Inc. (EFII) Stake Decreased by Eagle Asset Management Inc.

Eagle Asset Management Inc. cut its stake in shares of Electronics for Imaging Inc. (NASDAQ:EFII) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 507,689 shares of the company’s stock after selling 2,646 shares during the period. Eagle Asset Management Inc.’s holdings in Electronics for Imaging were worth $24,836,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Electronics for Imaging by 2.5% in the first quarter. State Street Corp now owns 969,706 shares of the company’s stock valued at $41,104,000 after buying an additional 23,499 shares in the last quarter. Bbva Compass Bancshares Inc. purchased a new stake in Electronics for Imaging during the second quarter valued at about $352,000. UBS Asset Management Americas Inc. increased its stake in Electronics for Imaging by 8.0% in the second quarter. UBS Asset Management Americas Inc. now owns 27,208 shares of the company’s stock valued at $1,171,000 after buying an additional 2,016 shares in the last quarter. Principal Financial Group Inc. increased its stake in Electronics for Imaging by 2.6% in the second quarter. Principal Financial Group Inc. now owns 337,867 shares of the company’s stock valued at $14,542,000 after buying an additional 8,605 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Electronics for Imaging by 119.2% in the second quarter. BNP Paribas Arbitrage SA now owns 14,740 shares of the company’s stock valued at $634,000 after buying an additional 8,015 shares in the last quarter.

Shares of Electronics for Imaging Inc. (NASDAQ:EFII) traded down 0.32% during trading on Monday, reaching $43.45. The company’s stock had a trading volume of 280,568 shares. The stock’s 50 day moving average price is $43.49 and its 200-day moving average price is $44.54. The firm has a market cap of $2.03 billion, a PE ratio of 58.72 and a beta of 1.43. Electronics for Imaging Inc. has a 12 month low of $35.88 and a 12 month high of $50.09.

Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Monday, October 24th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. The company had revenue of $245.60 million for the quarter, compared to analysts’ expectations of $247.35 million. Electronics for Imaging had a net margin of 3.57% and a return on equity of 7.70%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. Equities analysts predict that Electronics for Imaging Inc. will post $2.43 EPS for the current year.

A number of analysts recently issued reports on EFII shares. Brean Capital set a $60.00 target price on Electronics for Imaging and gave the company a “buy” rating in a research report on Tuesday, October 25th. William Blair started coverage on Electronics for Imaging in a research report on Friday, September 9th. They issued an “outperform” rating on the stock. Stifel Nicolaus started coverage on Electronics for Imaging in a research report on Thursday, August 25th. They issued a “buy” rating and a $53.00 target price on the stock. Needham & Company LLC started coverage on Electronics for Imaging in a research report on Tuesday, September 27th. They issued a “buy” rating and a $58.00 target price on the stock. Finally, Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Electronics for Imaging currently has an average rating of “Buy” and an average target price of $53.71.

In related news, Director Richard A. Kashnow sold 14,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $43.45, for a total value of $608,300.00. Following the transaction, the director now owns 3,500 shares of the company’s stock, valued at approximately $152,075. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas Georgens sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $43.28, for a total transaction of $1,082,000.00. Following the completion of the transaction, the director now directly owns 43,500 shares in the company, valued at approximately $1,882,680. The disclosure for this sale can be found here. Insiders own 2.24% of the company’s stock.

Electronics for Imaging Company Profile

Electronics For Imaging, Inc (EFI) 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. The Company operates through three segments: Industrial Inkjet, Productivity Software and Fiery.

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