Falcon Point Capital LLC bought a new stake in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) during the second quarter, Holdings Channel reports. The institutional investor bought 295,801 shares of the technology company’s stock, valued at approximately $14,015,000. Electronics for Imaging makes up about 1.9% of Falcon Point Capital LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Electronics for Imaging during the fourth quarter valued at approximately $12,991,000. Louisiana State Employees Retirement System increased its position in Electronics for Imaging by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the technology company’s stock valued at $923,000 after buying an additional 100 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Electronics for Imaging by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,566,893 shares of the technology company’s stock valued at $125,342,000 after buying an additional 81,880 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Electronics for Imaging during the fourth quarter valued at approximately $376,000. Finally, UBS Asset Management Americas Inc. increased its position in Electronics for Imaging by 78.5% in the first quarter. UBS Asset Management Americas Inc. now owns 24,735 shares of the technology company’s stock valued at $1,208,000 after buying an additional 10,875 shares in the last quarter.

Shares of Electronics for Imaging, Inc. (EFII) opened at 31.81 on Friday. The firm has a market cap of $1.48 billion, a PE ratio of 31.43 and a beta of 1.23. The company’s 50-day moving average price is $45.06 and its 200 day moving average price is $46.63. Electronics for Imaging, Inc. has a 1-year low of $25.54 and a 1-year high of $51.15.

COPYRIGHT VIOLATION NOTICE: “Falcon Point Capital LLC Buys New Stake in Electronics for Imaging, Inc. (EFII)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/08/12/falcon-point-capital-llc-buys-new-stake-in-electronics-for-imaging-inc-efii.html.

EFII has been the subject of several recent research reports. Morgan Stanley cut Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a research note on Friday, August 4th. TheStreet cut Electronics for Imaging from a “b” rating to a “c+” rating in a research note on Wednesday, May 3rd. Zacks Investment Research cut Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. ValuEngine raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Longbow Research cut Electronics for Imaging from a “neutral” rating to an “underperform” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Electronics for Imaging currently 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 dated Thursday, July 27th. The stock was sold at an average price of $48.25, for a total transaction of $434,250.00. Following the transaction, the chief executive officer now owns 386,760 shares in the company, valued at approximately $18,661,170. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 50,176 shares of company stock valued at $2,399,183. 1.88% of the stock is currently owned by corporate insiders.

Electronics for Imaging Company Profile

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.

Want to see what other hedge funds are holding EFII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronics for Imaging, Inc. (NASDAQ:EFII).

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

Receive News & Ratings for Electronics for Imaging Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronics for Imaging Inc. and related companies with MarketBeat.com's FREE daily email newsletter.