American Century Companies Inc. Has $2.19 Million Stake in Electronics for Imaging, Inc. (EFII)
American Century Companies Inc. lifted its stake in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,260 shares of the technology company’s stock after acquiring an additional 2,187 shares during the period. American Century Companies Inc. owned 0.10% of Electronics for Imaging worth $2,192,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Thompson Investment Management Inc. raised its holdings in shares of Electronics for Imaging by 3.5% during the 2nd quarter. Thompson Investment Management Inc. now owns 10,350 shares of the technology company’s stock worth $490,000 after acquiring an additional 350 shares during the period. TrimTabs Asset Management LLC purchased a new position in shares of Electronics for Imaging during the 2nd quarter worth $216,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Electronics for Imaging by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,266 shares of the technology company’s stock worth $1,292,000 after acquiring an additional 123 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of Electronics for Imaging during the 2nd quarter worth $427,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Electronics for Imaging by 74.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,170 shares of the technology company’s stock worth $766,000 after acquiring an additional 6,924 shares during the period.
In other Electronics for Imaging news, CEO Guy Gecht sold 13,746 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $48.21, for a total transaction of $662,694.66. Following the completion of the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at $18,645,699.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 45,458 shares of company stock valued at $2,118,405 over the last 90 days. 1.88% of the stock is currently owned by insiders.
Several research analysts have recently commented on the company. TheStreet upgraded Electronics for Imaging from a “c+” rating to a “b-” rating in a report on Monday, June 5th. William Blair reiterated an “outperform” rating on shares of Electronics for Imaging in a report on Wednesday, September 6th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target (down previously from $53.00) on shares of Electronics for Imaging in a report on Wednesday, August 9th. Citigroup Inc. reissued a “buy” rating and set a $53.00 price objective on shares of Electronics for Imaging in a research report on Thursday, September 7th. Finally, Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $51.11.
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Electronics for Imaging, Inc. (NASDAQ:EFII) opened at 40.78 on Thursday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 42.26 and a beta of 1.27. Electronics for Imaging, Inc. has a 52-week low of $25.54 and a 52-week high of $51.15. The firm has a 50-day moving average price of $37.36 and a 200 day moving average price of $45.00.
Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Monday, September 11th. The technology company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The firm had revenue of $247.00 million for the quarter, compared to analyst estimates of $247.65 million. Electronics for Imaging had a return on equity of 5.58% and a net margin of 4.70%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. Analysts forecast that Electronics for Imaging, Inc. will post $2.48 EPS for the current year.
Electronics for Imaging announced that its board has initiated a share repurchase plan on Monday, September 11th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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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