Shares of Electronics For Imaging, Inc. (NASDAQ:EFII) have been assigned an average recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $43.00.

A number of equities research analysts have commented on the company. William Blair cut Electronics For Imaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 27th. Stifel Nicolaus decreased their price target on Electronics For Imaging from $49.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Barclays decreased their price target on Electronics For Imaging from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Loop Capital decreased their price target on Electronics For Imaging from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Electronics For Imaging in a research note on Friday, October 13th.

Shares of Electronics For Imaging (NASDAQ:EFII) opened at $28.44 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.63 and a debt-to-equity ratio of 0.38. Electronics For Imaging has a 12 month low of $25.54 and a 12 month high of $51.15. The company has a market capitalization of $1,316.81, a PE ratio of 44.34 and a beta of 1.25.

Electronics For Imaging (NASDAQ:EFII) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). Electronics For Imaging had a net margin of 3.09% and a return on equity of 3.67%. The business had revenue of $248.36 million during the quarter, compared to analysts’ expectations of $258.09 million. During the same quarter last year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. equities research analysts predict that Electronics For Imaging will post 0.34 EPS for the current year.

Electronics For Imaging declared that its Board of Directors has initiated a stock repurchase program on Monday, September 11th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, Director Dan Maydan sold 6,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $30.87, for a total value of $200,655.00. Following the completion of the transaction, the director now directly owns 33,310 shares in the company, valued at $1,028,279.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $29.50, for a total value of $265,500.00. Following the completion of the transaction, the chief executive officer now owns 354,141 shares of the company’s stock, valued at $10,447,159.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,500 shares of company stock valued at $1,120,365. Company insiders own 1.88% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in 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 acquiring an additional 34,640 shares in the last quarter. Victory Capital Management Inc. raised its position in Electronics For Imaging by 2.4% during the third quarter. Victory Capital Management Inc. now owns 1,403,769 shares of the technology company’s stock valued at $59,913,000 after acquiring an additional 32,600 shares in the last quarter. Macquarie Group Ltd. raised its position in Electronics For Imaging by 3.1% during the second quarter. Macquarie Group Ltd. now owns 1,321,566 shares of the technology company’s stock valued at $62,616,000 after acquiring an additional 39,357 shares in the last quarter. Voya Investment Management LLC raised its position in 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 acquiring an additional 153,119 shares in the last quarter. Finally, State Street Corp raised its position in Electronics For Imaging by 3.7% during the second quarter. State Street Corp now owns 1,165,317 shares of the technology company’s stock valued at $55,217,000 after acquiring an additional 41,326 shares in the last quarter.

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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.

Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

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