Sei Investments Co. cut its stake in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 193,821 shares of the technology company’s stock after selling 4,944 shares during the period. Sei Investments Co.’s holdings in Electronics for Imaging were worth $9,184,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 worth $203,527,000 after buying an additional 178,281 shares during the period. Ameriprise Financial Inc. raised its stake in Electronics for Imaging by 4.0% in the first quarter. Ameriprise Financial Inc. now owns 2,717,897 shares of the technology company’s stock worth $132,715,000 after buying an additional 105,409 shares in the last quarter. 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 in the last quarter. TimesSquare Capital Management LLC raised its stake in Electronics for Imaging by 2.8% in the first quarter. TimesSquare Capital Management LLC now owns 2,011,800 shares of the technology company’s stock worth $98,236,000 after buying an additional 54,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Electronics for Imaging by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,990,609 shares of the technology company’s stock worth $97,201,000 after buying an additional 82,956 shares in the last quarter.

Shares of Electronics for Imaging, Inc. (EFII) opened at 31.81 on Friday. Electronics for Imaging, Inc. has a 52-week low of $25.54 and a 52-week high of $51.15. The firm has a 50 day moving average price of $45.06 and a 200-day moving average price of $46.63. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 31.43 and a beta of 1.23.

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A number of equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target (down previously from $53.00) on shares of Electronics for Imaging in a research report on Wednesday. TheStreet downgraded Electronics for Imaging from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Sidoti downgraded Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, August 4th. Cross Research downgraded Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research note on Friday, August 4th. Finally, Morgan Stanley downgraded Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a research note on Friday, August 4th. Two 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’s stock. Electronics for Imaging currently has an average rating of “Hold” and an average target price of $52.57.

In other news, CEO Guy Gecht sold 13,712 shares of Electronics for Imaging stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $47.57, for a total value of $652,279.84. Following the transaction, the chief executive officer now owns 392,648 shares in the company, valued at $18,678,265.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders sold 50,176 shares of company stock worth $2,399,183. 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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Institutional Ownership by Quarter for Electronics for Imaging (NASDAQ:EFII)

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