Bbva Compass Bancshares Inc. cut its stake in Electronics for Imaging, Inc. (NASDAQ:EFII) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,848 shares of the technology company’s stock after selling 944 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Electronics for Imaging were worth $750,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Electronics for Imaging during the fourth quarter valued at $376,000. Guggenheim Capital LLC bought a new stake in shares of Electronics for Imaging during the fourth quarter valued at $321,000. Norges Bank bought a new stake in shares of Electronics for Imaging during the fourth quarter valued at $12,991,000. Teachers Advisors LLC raised its stake in shares of Electronics for Imaging by 13.4% in the fourth quarter. Teachers Advisors LLC now owns 286,048 shares of the technology company’s stock valued at $12,546,000 after buying an additional 33,895 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Electronics for Imaging during the fourth quarter valued at $665,000.
Electronics for Imaging, Inc. (NASDAQ EFII) opened at 26.05 on Friday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 25.74 and a beta of 1.23. Electronics for Imaging, Inc. has a 12-month low of $25.99 and a 12-month high of $51.15. The company’s 50-day moving average price is $48.54 and its 200-day moving average price is $47.28.
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Several equities research analysts have weighed in on EFII shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $53.00 target price (down from $54.00) on shares of Electronics for Imaging in a research report on Wednesday, April 19th. Zacks Investment Research lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. TheStreet lowered Electronics for Imaging from a “b” rating to a “c+” rating in a research report on Wednesday, May 3rd. ValuEngine lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Finally, William Blair reissued an “outperform” rating on shares of Electronics for Imaging in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $54.67.
In other news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $48.25, for a total transaction of $434,250.00. Following the completion of the sale, the chief executive officer now owns 386,760 shares in the company, valued at $18,661,170. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas Georgens sold 25,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $46.56, for a total value of $1,164,000.00. Following the sale, the director now owns 68,500 shares of the company’s stock, valued at approximately $3,189,360. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,176 shares of company stock valued at $3,563,183. 1.88% of the stock is currently owned by corporate insiders.
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.
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