Zacks Investment Research Downgrades Electronics for Imaging, Inc. (EFII) to Sell

Zacks Investment Research downgraded shares of Electronics for Imaging, Inc. (NASDAQ:EFII) from a hold rating to a sell rating in a report published on Thursday, September 7th.

According to Zacks, “Electronics for Imaging, Inc. designs and markets products that support color and black-and-white printing on a variety of peripheral devices. Its products incorporate hardware and software technologies that transform digital copiers and printers from many leading copier manufacturers into fast, high-quality networked printers. The company’s products include stand-alone servers, which are connected to digital copiers and other peripheral devices, and controllers, which are embedded in digital copiers and desktop color laser printers. “

EFII has been the topic of several other research reports. Capital One Financial Corporation initiated coverage on shares of Electronics for Imaging in a research note on Thursday, September 7th. They set an overweight rating on the stock. Citigroup Inc. reissued a buy rating and set a $53.00 price objective on shares of Electronics for Imaging in a research note on Thursday, September 7th. Longbow Research raised shares of Electronics for Imaging from an underperform rating to a neutral rating in a research note on Wednesday, September 6th. William Blair reissued an outperform rating on shares of Electronics for Imaging in a research note on Wednesday, September 6th. Finally, Cross Research raised shares of Electronics for Imaging from a hold rating to a buy rating in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Electronics for Imaging presently has an average rating of Buy and a consensus target price of $50.70.

Electronics for Imaging (EFII) traded up 2.11% during midday trading on Thursday, reaching $41.59. The company’s stock had a trading volume of 702,035 shares. The company has a market cap of $1.93 billion, a P/E ratio of 43.10 and a beta of 1.27. The firm has a 50 day moving average price of $36.71 and a 200-day moving average price of $44.90. Electronics for Imaging has a 12-month low of $25.54 and a 12-month high of $51.15.

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

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Electronics for Imaging announced that its Board of Directors has approved a stock repurchase program on Monday, September 11th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

In other Electronics for Imaging news, CEO Guy Gecht sold 13,712 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $47.57, for a total transaction of $652,279.84. Following the sale, the chief executive officer now directly owns 392,648 shares in the company, valued at approximately $18,678,265.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 45,458 shares of company stock worth $2,118,405 over the last 90 days. Corporate insiders own 1.88% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Electronics for Imaging during the 2nd quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 last quarter. Tyers Asset Management LLC raised its holdings in shares of Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after purchasing an additional 196 shares during the last quarter. Strs Ohio raised its holdings 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 last quarter. Finally, Acrospire Investment Management LLC raised its holdings in shares of Electronics for Imaging by 156.1% in the first quarter. Acrospire Investment Management LLC now owns 2,305 shares of the technology company’s stock valued at $113,000 after purchasing an additional 1,405 shares during the last quarter.

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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