Electronics for Imaging, Inc. (NASDAQ:EFII) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Other equities research analysts have also issued research reports about the company. Aegis assumed coverage on Electronics for Imaging in a research report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 price target on the stock. Longbow Research lowered Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $53.00 price target (down previously from $54.00) on shares of Electronics for Imaging in a research report on Wednesday, April 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of Electronics for Imaging in a research report on Monday, June 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Electronics for Imaging presently has a consensus rating of “Buy” and an average price target of $54.00.

Electronics for Imaging (NASDAQ:EFII) traded down 1.32% during mid-day trading on Wednesday, hitting $48.62. The company had a trading volume of 387,722 shares. The company has a market capitalization of $2.26 billion, a P/E ratio of 48.04 and a beta of 1.22. Electronics for Imaging has a 52-week low of $40.72 and a 52-week high of $51.15. The company has a 50-day moving average price of $48.37 and a 200 day moving average price of $47.00.

Electronics for Imaging (NASDAQ:EFII) last posted its quarterly earnings results on Thursday, April 20th. The technology company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The company had revenue of $228.70 million for the quarter, compared to analyst estimates of $239.19 million. Electronics for Imaging had a return on equity of 7.77% and a net margin of 4.96%. Electronics for Imaging’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. On average, analysts forecast that Electronics for Imaging will post $2.59 EPS for the current fiscal year.

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In other news, Director Thomas Georgens sold 25,000 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $46.56, for a total value of $1,164,000.00. Following the transaction, the director now owns 68,500 shares in the company, valued at approximately $3,189,360. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Guy Gecht sold 13,712 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $47.57, for a total value of $652,279.84. Following the completion of the transaction, the chief executive officer now owns 392,648 shares in the company, valued at approximately $18,678,265.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,126 shares of company stock worth $3,098,994. Company insiders own 1.88% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio increased its position in Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after buying an additional 1,100 shares during the last quarter. Tyers Asset Management LLC increased its position 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 buying an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock worth $112,000 after buying an additional 1,037 shares during the last quarter. Acrospire Investment Management LLC increased its position in Electronics for Imaging by 156.1% in the first quarter. Acrospire Investment Management LLC now owns 2,305 shares of the technology company’s stock worth $113,000 after buying an additional 1,405 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position in Electronics for Imaging by 9.3% in the first quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock worth $136,000 after buying an additional 238 shares during the last quarter.

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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