Electronics for Imaging, Inc. (NASDAQ:EFII) was down 4.5% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $27.44 and last traded at $29.25. Approximately 565,300 shares traded hands during trading, a decline of 15% from the average daily volume of 665,207 shares. The stock had previously closed at $30.63.

Specifically, Director Dan Maydan sold 6,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $30.87, for a total transaction of $200,655.00. Following the sale, the director now owns 33,310 shares in the company, valued at approximately $1,028,279.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Guy Gecht sold 9,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $42.76, for a total value of $384,840.00. Following the sale, the chief executive officer now owns 364,885 shares in the company, valued at approximately $15,602,482.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,500 shares of company stock worth $1,220,175. 1.88% of the stock is owned by company insiders.

Several research firms have recently issued reports on EFII. Citigroup Inc. reaffirmed a “buy” rating and set a $53.00 price objective on shares of Electronics for Imaging in a research report on Thursday, September 7th. Loop Capital began coverage on Electronics for Imaging in a research report on Monday, July 24th. They set a “buy” rating and a $58.00 price objective for the company. Cross Research raised Electronics for Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Needham & Company LLC upped their price objective on Electronics for Imaging from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $47.00 price objective on shares of Electronics for Imaging in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Electronics for Imaging presently has a consensus rating of “Hold” and a consensus price target of $45.75.

The company has a market capitalization of $1,290.00, a PE ratio of 47.12 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 2.62.

Electronics for Imaging (NASDAQ:EFII) last announced its earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $248.36 million during the quarter, compared to analyst estimates of $258.09 million. Electronics for Imaging had a net margin of 0.76% and a return on equity of 0.90%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. research analysts predict that Electronics for Imaging, Inc. will post 0.34 EPS for the current fiscal year.

Electronics for Imaging announced that its Board of Directors has initiated a share repurchase plan on Monday, September 11th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its position in shares of Electronics for Imaging by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 24,269 shares of the technology company’s stock valued at $1,150,000 after purchasing an additional 100 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Electronics for Imaging by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,266 shares of the technology company’s stock valued at $1,292,000 after purchasing an additional 123 shares during the period. Amalgamated Bank boosted its position in shares of Electronics for Imaging by 3.2% in the 2nd quarter. Amalgamated Bank now owns 6,413 shares of the technology company’s stock valued at $304,000 after purchasing an additional 198 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Electronics for Imaging by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock valued at $119,000 after purchasing an additional 217 shares during the period. Finally, Campbell Newman Asset Management Inc. boosted its position in shares of Electronics for Imaging by 4.8% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 5,171 shares of the technology company’s stock valued at $245,000 after purchasing an additional 235 shares during the period.

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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.

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