Electronics For Imaging (EFII) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a sell rating to a hold rating in a research report sent to investors on Tuesday, December 26th.

According to Zacks, “Electronics for Imaging, Inc. (EFI) is leading the transformation from analog to digital imaging with scalable, digital, award-winning products. Based in Silicon Valley, California with offices around the world, EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process, increasing your competitiveness and boosting productivity. “

EFII has been the subject of several other research reports. ValuEngine raised Electronics For Imaging from a sell rating to a hold rating in a report on Thursday, November 9th. William Blair reissued an outperform rating on shares of Electronics For Imaging in a report on Wednesday, September 6th. Barclays reaffirmed a buy rating and set a $47.00 target price on shares of Electronics For Imaging in a report on Thursday, September 14th. Loop Capital decreased their target price on Electronics For Imaging from $58.00 to $50.00 and set a buy rating for the company in a report on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $48.00 target price (up previously from $45.00) on shares of Electronics For Imaging in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $43.00.

Electronics For Imaging (EFII) opened at $30.26 on Tuesday. The company has a market capitalization of $1,410.00, a price-to-earnings ratio of 45.85 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.63. Electronics For Imaging has a 52 week low of $25.54 and a 52 week high of $51.15.

Electronics For Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $248.36 million for the quarter, compared to analysts’ expectations of $258.09 million. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. analysts forecast that Electronics For Imaging will post 0.34 EPS for the current year.

In other Electronics For Imaging news, Director Dan Maydan sold 6,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $30.87, for a total transaction of $200,655.00. Following the transaction, the director now owns 33,310 shares of the company’s stock, valued at $1,028,279.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $29.50, for a total value of $265,500.00. Following the transaction, the chief executive officer now directly owns 354,141 shares in the company, valued at approximately $10,447,159.50. The disclosure for this sale can be found here. Insiders have sold 42,500 shares of company stock valued at $1,269,225 over the last quarter. 1.88% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in EFII. Schwab Charles Investment Management Inc. lifted its stake in Electronics For Imaging by 2.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 286,633 shares of the technology company’s stock worth $13,581,000 after acquiring an additional 6,279 shares in the last quarter. Arizona State Retirement System lifted its stake in Electronics For Imaging by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 24,269 shares of the technology company’s stock worth $1,150,000 after acquiring an additional 100 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Electronics For Imaging by 0.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 145,570 shares of the technology company’s stock worth $6,897,000 after acquiring an additional 1,163 shares in the last quarter. SG Americas Securities LLC acquired a new position in Electronics For Imaging during the 2nd quarter worth about $108,000. Finally, Legal & General Group Plc lifted its stake in Electronics For Imaging by 8.9% during the 2nd quarter. Legal & General Group Plc now owns 89,332 shares of the technology company’s stock worth $4,232,000 after acquiring an additional 7,299 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.

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