Guy Gecht Sells 9,000 Shares of Electronics for Imaging, Inc. (EFII) Stock
Electronics for Imaging, Inc. (NASDAQ:EFII) CEO Guy Gecht sold 9,000 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $29.50, for a total transaction of $265,500.00. Following the sale, the chief executive officer now owns 354,141 shares of the company’s stock, valued at approximately $10,447,159.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Guy Gecht also recently made the following trade(s):
- On Wednesday, September 27th, Guy Gecht sold 9,000 shares of Electronics for Imaging stock. The stock was sold at an average price of $42.76, for a total transaction of $384,840.00.
- On Monday, September 11th, Guy Gecht sold 9,000 shares of Electronics for Imaging stock. The stock was sold at an average price of $41.02, for a total transaction of $369,180.00.
Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). Electronics for Imaging had a return on equity of 3.67% and a net margin of 3.09%. The company had revenue of $248.36 million during the quarter, compared to analyst estimates of $258.09 million. During the same period in the prior year, the company posted $0.58 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis.
Electronics for Imaging announced that its board has initiated a share buyback plan on Monday, September 11th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
EFII has been the subject of several recent research reports. Barclays PLC reiterated a “buy” rating and set a $47.00 target price on shares of Electronics for Imaging in a research note on Thursday, September 14th. ValuEngine downgraded shares of Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. TheStreet downgraded shares of Electronics for Imaging from a “b-” rating to a “c” rating in a research report on Friday, August 4th. Citigroup Inc. reduced their price objective on shares of Electronics for Imaging from $53.00 to $43.00 and set a “buy” rating for the company in a research report on Monday. Finally, Morgan Stanley raised their price objective on shares of Electronics for Imaging from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.75.
Several hedge funds have recently added to or reduced their stakes in the company. Falcon Point Capital LLC acquired a new position in Electronics for Imaging in the 2nd quarter valued at approximately $14,015,000. RK Capital Management LLC bought a new stake in Electronics for Imaging in the second quarter worth approximately $13,271,000. Fred Alger Management Inc. bought a new stake in Electronics for Imaging in the second quarter worth approximately $10,746,000. Smith Graham & Co. Investment Advisors LP grew its position in Electronics for Imaging by 147.9% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 338,185 shares of the technology company’s stock worth $14,434,000 after acquiring an additional 201,769 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its position in Electronics for Imaging by 52.7% in the second quarter. Rice Hall James & Associates LLC now owns 569,125 shares of the technology company’s stock worth $26,965,000 after acquiring an additional 196,355 shares in the last quarter.
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.
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