Capstone Asset Management Co. cut its position in Electronics for Imaging, Inc. (NASDAQ:EFII) by 7.6% during the second quarter, Holdings Channel reports. The fund owned 8,443 shares of the technology company’s stock after selling 690 shares during the period. Capstone Asset Management Co.’s holdings in Electronics for Imaging were worth $400,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Electronics for Imaging during the fourth quarter worth about $12,991,000. Louisiana State Employees Retirement System raised its stake in Electronics for Imaging by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the technology company’s stock worth $923,000 after buying an additional 100 shares during the period. Goldman Sachs Group Inc. raised its stake in Electronics for Imaging by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,566,893 shares of the technology company’s stock worth $125,342,000 after buying an additional 81,880 shares during the period. Russell Investments Group Ltd. bought a new stake in Electronics for Imaging during the fourth quarter worth $376,000. Finally, First Interstate Bank raised its stake in Electronics for Imaging by 9.4% in the first quarter. First Interstate Bank now owns 4,518 shares of the technology company’s stock worth $221,000 after buying an additional 390 shares during the period.
Electronics for Imaging, Inc. (NASDAQ EFII) traded up 9.02% on Monday, reaching $28.40. The company’s stock had a trading volume of 2,161,281 shares. The firm has a 50-day moving average of $48.54 and a 200-day moving average of $47.28. The company has a market capitalization of $1.32 billion, a PE ratio of 28.06 and a beta of 1.23. Electronics for Imaging, Inc. has a one year low of $25.54 and a one year high of $51.15.
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A number of research firms have recently weighed in on EFII. Needham & Company LLC reissued a “buy” rating and issued a $53.00 target price (down previously from $54.00) on shares of Electronics for Imaging in a research note on Wednesday, April 19th. Longbow Research lowered Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Loop Capital began coverage on Electronics for Imaging in a research note on Monday, July 24th. They issued a “buy” rating and a $58.00 target price for the company. Finally, BidaskClub lowered Electronics for Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Electronics for Imaging presently has a consensus rating of “Hold” and a consensus target price of $54.67.
In other Electronics for Imaging news, Director Thomas Georgens sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $46.56, for a total transaction of $1,164,000.00. Following the completion of the transaction, the director now owns 68,500 shares in the company, valued at $3,189,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Guy Gecht sold 13,712 shares of Electronics for Imaging 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 of the company’s stock, valued at approximately $18,678,265.36. The disclosure for this sale can be found here. Insiders have sold 75,176 shares of company stock valued at $3,563,183 in the last 90 days. Company insiders own 1.88% of the company’s stock.
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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