Aperio Group LLC Has $415,000 Position in Electronics for Imaging, Inc. (EFII)
Aperio Group LLC reduced its position in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) by 53.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,730 shares of the technology company’s stock after selling 10,957 shares during the period. Aperio Group LLC’s holdings in Electronics for Imaging were worth $415,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nationwide Fund Advisors raised its holdings in Electronics for Imaging by 4.2% during the third quarter. Nationwide Fund Advisors now owns 262,848 shares of the technology company’s stock worth $11,218,000 after purchasing an additional 10,699 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings 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 purchasing an additional 201,769 shares in the last quarter. Quantitative Systematic Strategies LLC raised its holdings in Electronics for Imaging by 75.7% during the third quarter. Quantitative Systematic Strategies LLC now owns 9,317 shares of the technology company’s stock worth $398,000 after purchasing an additional 4,013 shares in the last quarter. 1st Global Advisors Inc. raised its holdings in Electronics for Imaging by 11.1% during the second quarter. 1st Global Advisors Inc. now owns 7,715 shares of the technology company’s stock worth $366,000 after purchasing an additional 773 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Electronics for Imaging during the second quarter worth about $476,000.
Several research analysts recently issued reports on EFII shares. Barclays PLC reissued a “buy” rating and set a $47.00 price target on shares of Electronics for Imaging in a report on Thursday, September 14th. ValuEngine cut shares of Electronics for Imaging from a “hold” rating to a “sell” rating in a report on Friday, September 8th. TheStreet cut shares of Electronics for Imaging from a “b-” rating to a “c” rating in a report on Friday, August 4th. Wells Fargo & Company started coverage on shares of Electronics for Imaging in a report on Tuesday, November 14th. They issued a “market perform” rating and a $32.00 target price for the company. Finally, Citigroup Inc. dropped their target price on shares of Electronics for Imaging from $53.00 to $43.00 and set a “buy” rating for the company in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.22.
In other news, Director Dan Maydan sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total value of $200,655.00. Following the sale, the director now directly owns 33,310 shares in the company, valued at $1,028,279.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Guy Gecht sold 9,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $42.76, for a total transaction of $384,840.00. Following the completion of the sale, the chief executive officer now owns 364,885 shares in the company, valued at $15,602,482.60. The disclosure for this sale can be found here. Insiders sold 33,500 shares of company stock worth $1,220,175 over the last quarter. Company insiders own 1.88% of the company’s stock.
Electronics for Imaging, Inc. (NASDAQ EFII) opened at $29.01 on Friday. Electronics for Imaging, Inc. has a 1-year low of $25.54 and a 1-year high of $51.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.62 and a quick ratio of 2.20. The stock has a market cap of $1,347.75, a PE ratio of 44.71 and a beta of 1.26.
Electronics for Imaging (NASDAQ:EFII) last issued its earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $248.36 million during the quarter, compared to analysts’ expectations of $258.09 million. During the same period last year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. equities research analysts anticipate that Electronics for Imaging, Inc. will post 0.34 EPS for the current year.
Electronics for Imaging announced that its board has approved a stock repurchase plan on Monday, September 11th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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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