Electronics for Imaging, Inc. (NASDAQ:EFII) CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction 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 transaction, the chief executive officer now owns 364,885 shares in the company, valued at $15,602,482.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Guy Gecht also recently made the following trade(s):

  • 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.
  • On Thursday, July 27th, Guy Gecht sold 9,000 shares of Electronics for Imaging stock. The shares were sold at an average price of $48.25, for a total transaction of $434,250.00.
  • On Friday, July 28th, Guy Gecht sold 13,746 shares of Electronics for Imaging stock. The shares were sold at an average price of $48.21, for a total transaction of $662,694.66.

Electronics for Imaging, Inc. (NASDAQ:EFII) traded down 0.47% during mid-day trading on Friday, reaching $42.68. 484,224 shares of the company were exchanged. Electronics for Imaging, Inc. has a 12 month low of $25.54 and a 12 month high of $51.15. The company’s 50 day moving average price is $36.33 and its 200-day moving average price is $44.82. The stock has a market capitalization of $1.98 billion, a P/E ratio of 44.23 and a beta of 1.27.

Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings results on Monday, September 11th. The technology company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. The firm had revenue of $247.00 million during the quarter, compared to the consensus estimate of $247.65 million. During the same period in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts expect that Electronics for Imaging, Inc. will post $2.44 earnings per share for the current fiscal year.

Electronics for Imaging declared that its board has approved a share buyback plan on Monday, September 11th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Electronics for Imaging in the second quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 valued at $112,000 after purchasing an additional 1,037 shares during the period. Strs Ohio raised its position in shares of Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after purchasing an additional 1,100 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Electronics for Imaging by 79.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,536 shares of the technology company’s stock valued at $221,000 after purchasing an additional 2,010 shares during the period. Finally, TrimTabs Asset Management LLC bought a new position in shares of Electronics for Imaging in the second quarter valued at approximately $216,000.

EFII has been the topic of a number of recent research reports. Barclays PLC restated a “buy” rating and issued a $47.00 price objective on shares of Electronics for Imaging in a research note on Thursday, September 14th. ValuEngine lowered shares of Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. TheStreet lowered shares of Electronics for Imaging from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Morgan Stanley boosted their price target on shares of Electronics for Imaging from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Friday, September 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target (up from $45.00) on shares of Electronics for Imaging in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $51.10.

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.

Insider Buying and Selling by Quarter for Electronics for Imaging (NASDAQ:EFII)

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