Electronics for Imaging Inc. (EFII) Stock Price Up 3.6%
Electronics for Imaging Inc. (NASDAQ:EFII)’s share price rose 3.6% 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.
EFII has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of Electronics for Imaging in a research note on Thursday. They issued a “buy” rating and a $53.00 price target on the stock. TheStreet raised shares of Electronics for Imaging from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Brean Capital reissued a “buy” rating on shares of Electronics for Imaging in a research note on Monday, June 20th. Citigroup Inc. restated a “buy” rating on shares of Electronics for Imaging in a research report on Wednesday, May 4th. Finally, Morgan Stanley restated a “hold” rating and set a $47.00 price objective 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 issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $52.71.
The firm’s 50 day moving average price is $44.60 and its 200 day moving average price is $42.34. The company has a market capitalization of $2.19 billion and a price-to-earnings ratio of 80.77.
Electronics for Imaging (NASDAQ:EFII) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $346 million for the quarter, compared to analyst estimates of $247.61 million. During the same quarter in the previous year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities analysts anticipate that Electronics for Imaging Inc. will post $2.45 EPS for the current year.
In other news, CEO Guy Gecht sold 36,023 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $45.40, for a total transaction of $1,635,444.20. Following the transaction, the chief executive officer now directly owns 448,213 shares of the company’s stock, valued at approximately $20,348,870.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Other large investors have modified their holdings of the company. Ameriprise Financial Inc. boosted its stake 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 worth $88,303,000 after buying an additional 77,922 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 worth $14,967,000 after buying an additional 16,327 shares during the last quarter. Finally, US Bancorp DE boosted its stake 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 worth $1,271,000 after buying an additional 4,396 shares during 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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