Shares of Electronics for Imaging Inc. (NASDAQ:EFII) fell 2.1% during mid-day trading on Wednesday . The company traded as low as $40.34 and last traded at $41.45, with a volume of 403,562 shares traded. The stock had previously closed at $42.35.

A number of brokerages recently issued reports on EFII. Citigroup Inc. restated a “buy” rating on shares of Electronics for Imaging in a research report on Wednesday, May 4th. Morgan Stanley restated a “hold” rating and set a $47.00 target price on shares of Electronics for Imaging in a research report on Friday, April 29th. Brean Capital restated a “buy” rating on shares of Electronics for Imaging in a research report on Thursday, April 21st. Finally, Zacks Investment Research upgraded shares of Electronics for Imaging from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Electronics for Imaging has a consensus rating of “Buy” and an average price target of $52.67.

The company has a market cap of $2.02 billion and a P/E ratio of 68.11. The firm has a 50-day moving average price of $43.51 and a 200-day moving average price of $41.77.

Electronics for Imaging (NASDAQ:EFII) last released its earnings results on Wednesday, April 20th. The company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. The business earned $234.10 million during the quarter, compared to the consensus estimate of $233.76 million. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, analysts expect that Electronics for Imaging Inc. will post $2.51 EPS for the current year.

Several hedge funds have added to or reduced their stakes in the company. Columbus Circle Investors increased its stake in Electronics for Imaging by 18.7% in the fourth quarter. Columbus Circle Investors now owns 721,087 shares of the company’s stock worth $33,704,000 after buying an additional 113,533 shares during the last quarter. Sei Investments Co. increased its stake in Electronics for Imaging by 9.9% in the fourth quarter. Sei Investments Co. now owns 60,448 shares of the company’s stock worth $2,826,000 after buying an additional 5,448 shares during the last quarter. Russell Frank Co increased its stake in Electronics for Imaging by 567.5% in the fourth quarter. Russell Frank Co now owns 64,973 shares of the company’s stock worth $3,091,000 after buying an additional 55,239 shares during the last quarter. California State Teachers Retirement System increased its stake in Electronics for Imaging by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 86,832 shares of the company’s stock worth $4,059,000 after buying an additional 1,308 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Electronics for Imaging by 4.4% in the fourth quarter. Rhumbline Advisers now owns 69,537 shares of the company’s stock worth $3,250,000 after buying an additional 2,955 shares during the last quarter.

Electronics For Imaging, Inc (EFI) is a provider of digital printing, focused on the transformation of the printing, packaging and decorative industries from the use of analog-based presses to digital on-demand printing. The Company operates through three segments: Industrial Inkjet, Productivity Software and Fiery.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.