Comerica Bank decreased its stake in Electronics for Imaging, Inc. (NASDAQ:EFII) by 18.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,244 shares of the technology company’s stock after selling 17,707 shares during the period. Comerica Bank owned about 0.17% of Electronics for Imaging worth $3,823,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Electronics for Imaging during the second quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock valued at $112,000 after buying an additional 1,037 shares during the last quarter. Tyers Asset Management LLC boosted its stake in shares of Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after buying an additional 196 shares during the last quarter. Strs Ohio boosted its stake in shares of Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after buying an additional 1,100 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in shares of Electronics for Imaging by 156.1% in the first quarter. Acrospire Investment Management LLC now owns 2,305 shares of the technology company’s stock valued at $113,000 after buying an additional 1,405 shares during the last quarter.

Shares of Electronics for Imaging, Inc. (EFII) opened at 35.29 on Wednesday. The stock has a market capitalization of $1.64 billion, a PE ratio of 34.87 and a beta of 1.23. The firm has a 50-day moving average price of $41.13 and a 200 day moving average price of $45.74. Electronics for Imaging, Inc. has a one year low of $25.54 and a one year high of $51.15.

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Several analysts recently commented on the company. TheStreet cut Electronics for Imaging from a “b-” rating to a “c” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target (down from $53.00) on shares of Electronics for Imaging in a research report on Wednesday, August 9th. Cross Research cut Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research report on Friday, August 4th. Finally, William Blair reiterated an “outperform” rating on shares of Electronics for Imaging in a research report on Monday, June 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $52.57.

In other news, CEO Guy Gecht sold 9,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $48.25, for a total value of $434,250.00. Following the completion of the sale, the chief executive officer now owns 386,760 shares in the company, valued at $18,661,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 36,458 shares of company stock valued at $1,749,225 in the last 90 days. Corporate 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.

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

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