Electronics for Imaging, Inc. (NASDAQ:EFII) CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction on Friday, October 27th. The shares were sold at an average price of $29.50, for a total transaction of $265,500.00. Following the sale, the chief executive officer now directly owns 354,141 shares of the company’s stock, valued at approximately $10,447,159.50. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were 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 shares were sold at an average price of $41.02, for a total transaction of $369,180.00.

Shares of Electronics for Imaging, Inc. (NASDAQ:EFII) traded up 0.88% on Tuesday, reaching $30.86. 1,429,475 shares of the company traded hands. The stock has a 50 day moving average of $41.43 and a 200 day moving average of $43.54. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 31.98 and a beta of 1.29. Electronics for Imaging, Inc. has a 52-week low of $25.54 and a 52-week high of $51.15.

Electronics for Imaging (NASDAQ:EFII) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $248.36 million for the quarter, compared to the consensus estimate of $258.09 million. During the same period last year, the company posted $0.58 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that Electronics for Imaging, Inc. will post $2.13 earnings per share for the current year.

Electronics for Imaging announced that its board has initiated a stock buyback program on Monday, September 11th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently bought and sold shares of EFII. Falcon Point Capital LLC bought a new stake in Electronics for Imaging during the second quarter worth $14,015,000. RK Capital Management LLC bought a new stake in Electronics for Imaging during the second quarter worth $13,271,000. Fred Alger Management Inc. bought a new stake in Electronics for Imaging during the second quarter worth $10,746,000. Smith Graham & Co. Investment Advisors LP raised its position in Electronics for Imaging by 147.9% during 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 raised its position in Electronics for Imaging by 52.7% during 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.

A number of research firms have recently weighed in on EFII. Citigroup Inc. cut their price target on shares of Electronics for Imaging from $53.00 to $43.00 and set a “buy” rating on the stock in a report on Monday. Needham & Company LLC restated a “buy” rating and set a $43.00 price target on shares of Electronics for Imaging in a report on Sunday. Loop Capital cut their price target on shares of Electronics for Imaging from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Friday. Barclays PLC cut their price target on shares of Electronics for Imaging from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Stifel Nicolaus cut their price target on shares of Electronics for Imaging from $49.00 to $42.00 and set a “buy” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Electronics for Imaging currently has a consensus rating of “Hold” and an average target price of $45.75.

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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