Rice Hall James & Associates LLC boosted its position in Electronics for Imaging, Inc. (NASDAQ:EFII) by 52.7% during the second quarter, Holdings Channel reports. The firm owned 569,125 shares of the technology company’s stock after buying an additional 196,355 shares during the period. Electronics for Imaging comprises approximately 1.2% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 14th largest position. Rice Hall James & Associates LLC’s holdings in Electronics for Imaging were worth $26,965,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Electronics for Imaging by 0.4% in the second quarter. Arizona State Retirement System now owns 24,269 shares of the technology company’s stock worth $1,150,000 after buying an additional 100 shares during the period. Foundry Partners LLC purchased a new position in shares of Electronics for Imaging during the second quarter worth $443,000. Schwab Charles Investment Management Inc. increased its position in shares of Electronics for Imaging by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 286,633 shares of the technology company’s stock worth $13,581,000 after buying an additional 6,279 shares during the period. Texas Permanent School Fund increased its position in shares of Electronics for Imaging by 0.9% in the second quarter. Texas Permanent School Fund now owns 33,927 shares of the technology company’s stock worth $1,607,000 after buying an additional 310 shares during the period. Finally, Suffolk Capital Management LLC increased its position in shares of Electronics for Imaging by 17.6% in the second quarter. Suffolk Capital Management LLC now owns 34,041 shares of the technology company’s stock worth $1,613,000 after buying an additional 5,091 shares during the period.

Electronics for Imaging, Inc. (EFII) opened at 29.40 on Friday. Electronics for Imaging, Inc. has a 52-week low of $25.54 and a 52-week high of $51.15. The company’s 50 day moving average is $45.55 and its 200 day moving average is $46.73. The firm has a market cap of $1.37 billion, a P/E ratio of 29.05 and a beta of 1.23.

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A number of brokerages have weighed in on EFII. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective (down previously from $53.00) on shares of Electronics for Imaging in a research report on Wednesday. TheStreet downgraded shares of Electronics for Imaging from a “b-” rating to a “c” rating in a research report on Friday, August 4th. Sidoti downgraded shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Friday, August 4th. Cross Research downgraded shares of Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research report on Friday, August 4th. Finally, Morgan Stanley downgraded shares of Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $52.57.

In related news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $48.25, for a total value of $434,250.00. Following the completion of the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at $18,661,170. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 50,176 shares of company stock valued at $2,399,183. 1.88% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Electronics for Imaging (NASDAQ:EFII)

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