Electronics for Imaging, Inc. (NASDAQ:EFII) CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $41.02, for a total transaction of $369,180.00. Following the completion of the sale, the chief executive officer now directly owns 377,950 shares in the company, valued at $15,503,509. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Guy Gecht also recently made the following trade(s):

  • On Thursday, July 27th, Guy Gecht sold 9,000 shares of Electronics for Imaging stock. The stock was sold at an average price of $48.25, for a total transaction of $434,250.00.
  • On Friday, July 28th, Guy Gecht sold 13,746 shares of Electronics for Imaging stock. The stock was sold at an average price of $48.21, for a total transaction of $662,694.66.
  • On Wednesday, June 28th, Guy Gecht sold 13,712 shares of Electronics for Imaging stock. The stock was sold at an average price of $47.57, for a total transaction of $652,279.84.

Electronics for Imaging, Inc. (NASDAQ:EFII) opened at 41.59 on Friday. The stock has a 50 day moving average of $36.71 and a 200 day moving average of $44.90. Electronics for Imaging, Inc. has a one year low of $25.54 and a one year high of $51.15. The firm has a market cap of $1.93 billion, a PE ratio of 43.10 and a beta of 1.27.

Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $247.00 million during the quarter, compared to the consensus estimate of $247.65 million. Electronics for Imaging had a return on equity of 5.58% and a net margin of 4.70%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. On average, equities analysts forecast that Electronics for Imaging, Inc. will post $2.44 earnings per share for the current year.

Electronics for Imaging announced that its Board of Directors has initiated a share repurchase program 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 programs are typically an indication that the company’s management believes its shares are undervalued.

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Several brokerages recently weighed in on EFII. ValuEngine raised shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Friday. Barclays PLC reaffirmed a “buy” rating and set a $47.00 target price on shares of Electronics for Imaging in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price (up from $45.00) on shares of Electronics for Imaging in a research note on Tuesday. Morgan Stanley upped their target price on shares of Electronics for Imaging from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research downgraded shares of Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Electronics for Imaging presently has a consensus rating of “Buy” and a consensus target price of $50.70.

Several large investors have recently modified their holdings of EFII. 1st Global Advisors Inc. boosted its holdings in Electronics for Imaging by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 6,942 shares of the technology company’s stock worth $339,000 after purchasing an additional 99 shares during the period. Arizona State Retirement System boosted its holdings in Electronics for Imaging by 0.4% in the first quarter. Arizona State Retirement System now owns 24,169 shares of the technology company’s stock worth $1,180,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Electronics for Imaging by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,690 shares of the technology company’s stock worth $522,000 after purchasing an additional 100 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Electronics for Imaging by 0.5% in the second 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 purchasing an additional 123 shares during the period. Finally, Tyers Asset Management LLC boosted its holdings in Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock worth $112,000 after purchasing an additional 196 shares during the period.

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.

Insider Buying and Selling by Quarter for Electronics for Imaging (NASDAQ:EFII)

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