Flinton Capital Management LLC raised its stake in Electronics for Imaging, Inc. (NASDAQ:EFII) by 70.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,760 shares of the technology company’s stock after acquiring an additional 1,972 shares during the period. Flinton Capital Management LLC’s holdings in Electronics for Imaging were worth $225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Electronics for Imaging by 0.8% during the second quarter. Vanguard Group Inc. now owns 4,202,705 shares of the technology company’s stock valued at $199,125,000 after buying an additional 34,640 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Electronics for Imaging by 3.3% during 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Electronics for Imaging by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,990,609 shares of the technology company’s stock valued at $97,201,000 after buying an additional 82,956 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Electronics for Imaging by 6.6% during the first quarter. Macquarie Group Ltd. now owns 1,282,209 shares of the technology company’s stock valued at $62,610,000 after buying an additional 79,109 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Electronics for Imaging by 14.9% during the second quarter. Voya Investment Management LLC now owns 1,179,368 shares of the technology company’s stock valued at $55,879,000 after buying an additional 153,119 shares during the last quarter.

Several equities research analysts recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of Electronics for Imaging in a research report on Wednesday, September 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective (down from $53.00) on shares of Electronics for Imaging in a research report on Wednesday, August 9th. ValuEngine raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Citigroup Inc. reaffirmed 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, Longbow Research raised Electronics for Imaging from an “underperform” rating to a “neutral” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Electronics for Imaging presently has a consensus rating of “Buy” and an average price target of $51.44.

In other Electronics for Imaging 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 sale, the chief executive officer now owns 386,760 shares in the company, valued at approximately $18,661,170. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 40,746 shares of company stock worth $1,850,965. Company insiders own 1.88% of the company’s stock.

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Electronics for Imaging, Inc. (EFII) opened at 41.88 on Friday. Electronics for Imaging, Inc. has a 12-month low of $25.54 and a 12-month high of $51.15. The firm has a 50-day moving average price of $40.50 and a 200-day moving average price of $44.26. The company has a market cap of $1.94 billion, a P/E ratio of 43.40 and a beta of 1.30.

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

Electronics for Imaging announced that its Board of Directors has approved a share repurchase program on Monday, September 11th that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.

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

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