Electronics for Imaging, Inc. (NASDAQ:EFII) had its target price upped by equities research analysts at Morgan Stanley from $28.00 to $29.00 in a note issued to investors on Friday. The brokerage presently has an “underweight” rating on the technology company’s stock. Morgan Stanley’s target price points to a potential downside of 24.08% from the company’s current price.

A number of other equities research analysts have also weighed in on EFII. ValuEngine lowered shares of Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. TheStreet raised shares of Electronics for Imaging from a “c+” rating to a “b-” rating in a research report on Monday, June 5th. William Blair reissued an “outperform” rating on shares of Electronics for Imaging in a research report on Monday, June 12th. Aegis began coverage on shares of Electronics for Imaging in a research report on Tuesday, June 13th. They set a “buy” rating and a $58.00 price objective for the company. Finally, Zacks Investment Research raised shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.78.

Shares of Electronics for Imaging (EFII) traded down 0.98% during trading on Friday, reaching $38.20. The company’s stock had a trading volume of 839,221 shares. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15. The firm’s 50-day moving average price is $37.79 and its 200-day moving average price is $45.11. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 37.75 and a beta of 1.27.

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In related news, CEO Guy Gecht sold 13,712 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $47.57, for a total value of $652,279.84. Following the completion of the transaction, the chief executive officer now owns 392,648 shares of the company’s stock, valued at approximately $18,678,265.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 36,458 shares of company stock valued at $1,749,225 in the last ninety days. 1.88% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. 1st Global Advisors Inc. boosted its holdings in Electronics for Imaging by 11.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 7,715 shares of the technology company’s stock worth $366,000 after buying an additional 773 shares during the period. Piedmont Investment Advisors LLC bought a new position in Electronics for Imaging in the 2nd quarter worth $476,000. Westwood Holdings Group Inc. boosted its holdings in Electronics for Imaging by 7.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,055,845 shares of the technology company’s stock worth $49,629,000 after buying an additional 75,045 shares during the period. Castleark Management LLC bought a new position in Electronics for Imaging in the 2nd quarter worth $8,723,000. Finally, State Street Corp boosted its holdings in Electronics for Imaging by 3.7% in the 2nd quarter. State Street Corp now owns 1,165,317 shares of the technology company’s stock worth $55,217,000 after buying an additional 41,326 shares during the period.

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.

Analyst Recommendations for Electronics for Imaging (NASDAQ:EFII)

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