Capstone Asset Management Co. decreased its stake in Electronics for Imaging, Inc. (NASDAQ:EFII) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Walthausen & Co. LLC acquired a new position in shares of Electronics for Imaging during the first quarter valued at $18,413,000. Norges Bank acquired a new position in shares of Electronics for Imaging during the fourth quarter valued at $12,991,000. Westfield Capital Management Co. LP increased its position in shares of Electronics for Imaging by 33.6% in the first quarter. Westfield Capital Management Co. LP now owns 789,935 shares of the technology company’s stock valued at $38,573,000 after buying an additional 198,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Electronics for Imaging by 4.5% in the first quarter. Vanguard Group Inc. now owns 4,168,065 shares of the technology company’s stock valued at $203,527,000 after buying an additional 178,281 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Electronics for Imaging by 13.5% in the first quarter. Victory Capital Management Inc. now owns 1,375,814 shares of the technology company’s stock valued at $67,181,000 after buying an additional 163,747 shares during the last quarter.
Shares of Electronics for Imaging, Inc. (NASDAQ:EFII) traded down 0.27% during mid-day trading on Friday, reaching $32.91. The company’s stock had a trading volume of 209,453 shares. The company’s 50-day moving average is $43.44 and its 200 day moving average is $46.28. The firm has a market capitalization of $1.53 billion, a P/E ratio of 32.52 and a beta of 1.23. Electronics for Imaging, Inc. has a 1-year low of $25.54 and a 1-year high of $51.15.
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Several brokerages recently commented on EFII. Longbow Research cut Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Loop Capital began coverage on Electronics for Imaging in a research report on Monday, July 24th. They set a “buy” rating and a $58.00 price target for the company. BidaskClub cut Electronics for Imaging from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Aegis began coverage on Electronics for Imaging in a research report on Tuesday, June 13th. They set a “buy” rating and a $58.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $52.57.
In other news, CEO Guy Gecht sold 13,746 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $48.21, for a total value of $662,694.66. Following the completion of the transaction, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at $18,645,699.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 50,176 shares of company stock valued at $2,399,183. Insiders own 1.88% of the company’s stock.
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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