Northern Trust Corp Acquires 15,801 Shares of Electronics for Imaging, Inc. (EFII)

Northern Trust Corp increased its holdings in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 959,619 shares of the technology company’s stock after purchasing an additional 15,801 shares during the quarter. Northern Trust Corp owned approximately 2.06% of Electronics for Imaging worth $45,466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EFII. Strs Ohio boosted its holdings in Electronics for Imaging by 91.7% during the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,100 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Electronics for Imaging by 5.7% during the first quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock worth $442,000 after purchasing an additional 490 shares during the last quarter. First Trust Advisors LP acquired a new position in Electronics for Imaging during the first quarter worth $371,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Electronics for Imaging by 83.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,037 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Electronics for Imaging by 78.5% during the first quarter. UBS Asset Management Americas Inc. now owns 24,735 shares of the technology company’s stock worth $1,208,000 after purchasing an additional 10,875 shares during the last quarter.

Shares of Electronics for Imaging, Inc. (NASDAQ EFII) opened at 41.59 on Tuesday. Electronics for Imaging, Inc. has a 52 week low of $25.54 and a 52 week high of $51.15. The firm has a market cap of $1.93 billion, a PE ratio of 43.10 and a beta of 1.29. The firm has a 50-day moving average of $39.25 and a 200-day moving average of $44.39.

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

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

In related news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $48.25, for a total value of $434,250.00. Following the transaction, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at approximately $18,661,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 40,746 shares of company stock worth $1,850,965 over the last three months. 1.88% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/northern-trust-corp-acquires-15801-shares-of-electronics-for-imaging-inc-efii.html.

Several research analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of Electronics for Imaging in a report on Wednesday, September 6th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target (down previously from $53.00) on shares of Electronics for Imaging in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Citigroup Inc. reiterated a “buy” rating and issued a $53.00 price target on shares of Electronics for Imaging in a research note on Thursday, September 7th. Finally, Aegis began coverage on shares of Electronics for Imaging in a research note on Tuesday, June 13th. They issued a “buy” rating and a $58.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Electro

A number of other institutional investors and hedge funds have also made changes to their positions in EFII. Strs Ohio boosted its holdings in Electronics for Imaging by 91.7% during the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,100 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Electronics for Imaging by 5.7% during the first quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock worth $442,000 after purchasing an additional 490 shares during the last quarter. First Trust Advisors LP acquired a new position in Electronics for Imaging during the first quarter worth $371,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Electronics for Imaging by 83.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,037 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Electronics for Imaging by 78.5% during the first quarter. UBS Asset Management Americas Inc. now owns 24,735 shares of the technology company’s stock worth $1,208,000 after purchasing an additional 10,875 shares during the last quarter.

Shares of Electronics for Imaging, Inc. (NASDAQ EFII) opened at 41.59 on Tuesday. Electronics for Imaging, Inc. has a 52 week low of $25.54 and a 52 week high of $51.15. The firm has a market cap of $1.93 billion, a PE ratio of 43.10 and a beta of 1.29. The firm has a 50-day moving average of $39.25 and a 200-day moving average of $44.39.

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

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

In related news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $48.25, for a total value of $434,250.00. Following the transaction, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at approximately $18,661,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 40,746 shares of company stock worth $1,850,965 over the last three months. 1.88% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/northern-trust-corp-acquires-15801-shares-of-electronics-for-imaging-inc-efii.html.

Several research analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of Electronics for Imaging in a report on Wednesday, September 6th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target (down previously from $53.00) on shares of Electronics for Imaging in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Citigroup Inc. reiterated a “buy” rating and issued a $53.00 price target on shares of Electronics for Imaging in a research note on Thursday, September 7th. Finally, Aegis began coverage on shares of Electronics for Imaging in a research note on Tuesday, June 13th. They issued a “buy” rating and a $58.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Electronics for Imaging currently has an average rating of “Buy” and a consensus target price of $51.44.

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.

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

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