Amalgamated Bank Boosts Stake in Electronics for Imaging, Inc. (EFII)

Amalgamated Bank lifted its stake in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) by 3.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,413 shares of the technology company’s stock after buying an additional 198 shares during the quarter. Amalgamated Bank’s holdings in Electronics for Imaging were worth $304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EFII. SG Americas Securities LLC acquired a new stake in shares of Electronics for Imaging during the 2nd quarter worth about $108,000. Strs Ohio raised its stake in Electronics for Imaging by 91.7% in the 1st quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Electronics for Imaging by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock worth $119,000 after purchasing an additional 217 shares in the last quarter. TrimTabs Asset Management LLC acquired a new stake in Electronics for Imaging in the 2nd quarter worth about $216,000. Finally, Envestnet Asset Management Inc. raised its stake in Electronics for Imaging by 79.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,536 shares of the technology company’s stock worth $221,000 after purchasing an additional 2,010 shares in the last quarter.

Electronics for Imaging, Inc. (NASDAQ EFII) opened at 41.61 on Wednesday. Electronics for Imaging, Inc. has a 12-month low of $25.54 and a 12-month high of $51.15. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 43.12 and a beta of 1.30. The firm has a 50-day moving average of $39.52 and a 200 day moving average of $44.36.

Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $247.65 million. During the same period in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. Analysts expect that Electronics for Imaging, Inc. will post $2.44 EPS for the current fiscal 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 repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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In other news, CEO Guy Gecht sold 9,000 shares of the 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 sale, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at $18,661,170. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 40,746 shares of company stock worth $1,850,965. Insiders own 1.88% of the company’s stock.

Several analysts have weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Electronics for Imaging in a research note on Wednesday, September 6th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective (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 objective on shares of Electronics for Imaging in a research note on Thursday, September 7th. Finally, Aegis assumed 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 objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Electronics for Imaging currently has a consensus rating of “Buy” and a consensus target price of $51.44.

Electronics for Imaging 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.

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

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