Electronics for Imaging Inc. (NASDAQ:EFII) shares traded up 3.6% during mid-day trading on Thursday . The stock traded as high as $46.84 and last traded at $46.74, with a volume of 352,348 shares traded. The stock had previously closed at $45.11.

Several research analysts have issued reports on the company. Zacks Investment Research raised Electronics for Imaging from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Brean Capital reissued a “buy” rating on shares of Electronics for Imaging in a research report on Monday, June 20th. Stifel Nicolaus assumed coverage on Electronics for Imaging in a research report on Thursday. They issued a “buy” rating and a $53.00 target price on the stock. TheStreet raised Electronics for Imaging from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Finally, Morgan Stanley reissued a “hold” rating and issued a $47.00 target price on shares of Electronics for Imaging in a research report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Electronics for Imaging currently has an average rating of “Buy” and an average price target of $52.71.

The company has a market cap of $2.18 billion and a PE ratio of 80.15. The firm’s 50-day moving average price is $44.31 and its 200-day moving average price is $42.24.

Electronics for Imaging (NASDAQ:EFII) last announced its earnings results on Monday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company earned $346 million during the quarter, compared to the consensus estimate of $247.61 million. Electronics for Imaging’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. Equities analysts predict that Electronics for Imaging Inc. will post $2.45 earnings per share for the current year.

A number of hedge funds and institutional investors have made changes to their positions in EFII. Ameriprise Financial Inc. raised its position in shares of Electronics for Imaging by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,889,286 shares of the company’s stock valued at $88,303,000 after buying an additional 77,922 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of Electronics for Imaging by 1.9% in the fourth quarter. Westfield Capital Management Co. LP now owns 788,310 shares of the company’s stock valued at $36,846,000 after buying an additional 14,680 shares in the last quarter. US Bancorp DE raised its position in shares of Electronics for Imaging by 19.3% in the fourth quarter. US Bancorp DE now owns 27,211 shares of the company’s stock valued at $1,271,000 after buying an additional 4,396 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Electronics for Imaging by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 320,207 shares of the company’s stock valued at $14,967,000 after buying an additional 16,327 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Electronics for Imaging by 40.1% in the fourth quarter. New York State Common Retirement Fund now owns 69,648 shares of the company’s stock valued at $3,255,000 after buying an additional 19,930 shares in the last quarter.

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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