Zacks Investment Research upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a hold rating to a buy rating in a research report report published on Wednesday. The brokerage currently has $37.00 price target on the technology company’s stock.

According to Zacks, “Electronics for Imaging, Inc. (EFI) is leading the transformation from analog to digital imaging with scalable, digital, award-winning products. Based in Silicon Valley, California with offices around the world, EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process, increasing your competitiveness and boosting productivity. “

A number of other research firms have also recently weighed in on EFII. BidaskClub cut shares of Electronics For Imaging from a hold rating to a sell rating in a report on Wednesday, June 27th. ValuEngine raised shares of Electronics For Imaging from a hold rating to a buy rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Electronics For Imaging presently has an average rating of Hold and a consensus price target of $38.00.

Shares of NASDAQ:EFII traded down $0.12 on Wednesday, reaching $30.55. 364,136 shares of the company’s stock were exchanged, compared to its average volume of 507,010. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 113.15, a price-to-earnings-growth ratio of 25.24 and a beta of 1.06. Electronics For Imaging has a fifty-two week low of $25.28 and a fifty-two week high of $43.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.15 and a current ratio of 2.55.

Electronics For Imaging (NASDAQ:EFII) last issued its earnings results on Monday, July 30th. The technology company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The business had revenue of $261.07 million for the quarter, compared to analyst estimates of $263.72 million. Electronics For Imaging had a positive return on equity of 0.50% and a negative net margin of 2.29%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. Sell-side analysts expect that Electronics For Imaging will post 0.45 EPS for the current fiscal year.

In related news, insider Guy Gecht sold 9,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $34.78, for a total value of $313,020.00. Following the sale, the insider now owns 282,367 shares of the company’s stock, valued at approximately $9,820,724.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.63% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in EFII. United Services Automobile Association acquired a new position in Electronics For Imaging during the 2nd quarter valued at about $231,000. Northern Trust Corp increased its stake in Electronics For Imaging by 1.8% during the 2nd quarter. Northern Trust Corp now owns 953,827 shares of the technology company’s stock valued at $31,056,000 after buying an additional 16,982 shares during the period. Glenmede Trust Co. NA increased its stake in Electronics For Imaging by 3.9% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,207,215 shares of the technology company’s stock valued at $39,307,000 after buying an additional 45,821 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in Electronics For Imaging during the 2nd quarter valued at about $6,141,000. Finally, Needham Investment Management LLC increased its stake in Electronics For Imaging by 4.9% during the 2nd quarter. Needham Investment Management LLC now owns 223,000 shares of the technology company’s stock valued at $7,261,000 after buying an additional 10,500 shares during the period.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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