Elk Creek Partners LLC Raises Stake in Electronics for Imaging, Inc. (EFII)

Elk Creek Partners LLC lifted its position in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) by 4.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 262,294 shares of the technology company’s stock after purchasing an additional 11,528 shares during the quarter. Elk Creek Partners LLC owned about 0.56% of Electronics for Imaging worth $12,427,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. 1st Global Advisors Inc. boosted its holdings in Electronics for Imaging by 1.4% in the 1st quarter. 1st Global Advisors Inc. now owns 6,942 shares of the technology company’s stock worth $339,000 after acquiring an additional 99 shares during the period. Arizona State Retirement System boosted its holdings in Electronics for Imaging by 0.4% in the 1st quarter. Arizona State Retirement System now owns 24,169 shares of the technology company’s stock worth $1,180,000 after acquiring an additional 100 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Electronics for Imaging by 0.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,690 shares of the technology company’s stock worth $522,000 after acquiring an additional 100 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in 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 worth $1,292,000 after acquiring an additional 123 shares during the period. Finally, Amalgamated Bank boosted its holdings in Electronics for Imaging by 3.2% in the 2nd quarter. Amalgamated Bank now owns 6,413 shares of the technology company’s stock worth $304,000 after acquiring an additional 198 shares during the period.

A number of equities analysts have weighed in on EFII shares. Morgan Stanley cut Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a report on Friday, August 4th. ValuEngine upgraded Electronics for Imaging from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. William Blair restated an “outperform” rating on shares of Electronics for Imaging in a report on Wednesday, September 6th. Longbow Research cut Electronics for Imaging from a “neutral” rating to an “underperform” rating in a report on Friday, August 4th. Finally, BidaskClub cut Electronics for Imaging from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Electronics for Imaging presently has an average rating of “Buy” and an average price target of $50.70.

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Electronics for Imaging, Inc. (NASDAQ:EFII) traded up 2.11% during trading on Friday, hitting $41.59. The stock had a trading volume of 702,035 shares. The company’s 50-day moving average is $36.71 and its 200 day moving average is $44.90. The firm has a market cap of $1.93 billion, a PE ratio of 43.10 and a beta of 1.27. 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 released its earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). The business had revenue of $247.00 million during the quarter, compared to analyst estimates of $247.65 million. Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS. Equities analysts expect that Electronics for Imaging, Inc. will post $2.44 EPS for the current fiscal year.

Electronics for Imaging announced that its Board of Directors has authorized 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 buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $41.02, for a total value of $369,180.00. Following the sale, the chief executive officer now owns 377,950 shares of the company’s stock, valued at approximately $15,503,509. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 45,458 shares of company stock worth $2,118,405 in the last ninety days. Insiders own 1.88% of the company’s stock.

Electronics for Imaging 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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Institutional Ownership by Quarter for Electronics for Imaging (NASDAQ:EFII)

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