Lyon Street Capital LLC bought a new stake in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 45,582 shares of the technology company’s stock, valued at approximately $1,945,000. Lyon Street Capital LLC owned about 0.10% of Electronics for Imaging as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the stock. Unterberg Capital LLC grew its holdings in shares of Electronics for Imaging by 81.8% during the 3rd quarter. Unterberg Capital LLC now owns 100,000 shares of the technology company’s stock valued at $4,268,000 after purchasing an additional 45,000 shares during the last quarter. Senvest Management LLC bought a new position in shares of Electronics for Imaging during the 3rd quarter valued at $1,280,000. Elk Creek Partners LLC grew its holdings in shares of Electronics for Imaging by 112.4% during the 3rd quarter. Elk Creek Partners LLC now owns 557,110 shares of the technology company’s stock valued at $23,777,000 after purchasing an additional 294,816 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Electronics for Imaging during the 3rd quarter valued at $3,070,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Electronics for Imaging during the 3rd quarter valued at $213,000.
Several equities analysts recently commented on EFII shares. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Electronics for Imaging in a report on Friday, October 13th. Barclays lowered shares of Electronics for Imaging from an “overweight” rating to an “equal weight” rating in a report on Monday, November 6th. Cross Research raised shares of Electronics for Imaging from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of Electronics for Imaging from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. Finally, William Blair lowered shares of Electronics for Imaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Electronics for Imaging has a consensus rating of “Hold” and a consensus price target of $44.22.
Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $248.36 million during the quarter, compared to the consensus estimate of $258.09 million. Electronics for Imaging had a return on equity of 3.67% and a net margin of 3.09%. Electronics for Imaging’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. equities analysts expect that Electronics for Imaging, Inc. will post 0.34 earnings per share for the current year.
Electronics for Imaging announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.
In other news, Director Dan Maydan sold 6,500 shares of Electronics for Imaging stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $30.87, for a total transaction of $200,655.00. Following the sale, the director now owns 33,310 shares of the company’s stock, valued at approximately $1,028,279.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $41.02, for a total transaction of $369,180.00. Following the sale, the chief executive officer now directly owns 377,950 shares in the company, valued at approximately $15,503,509. The disclosure for this sale can be found here. Insiders have sold a total of 42,500 shares of company stock worth $1,489,545 in the last ninety days. Insiders own 1.88% of the company’s stock.
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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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