Oak Ridge Investments LLC raised its stake in shares of Electronics for Imaging, Inc. (NASDAQ:EFII) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 613,306 shares of the technology company’s stock after purchasing an additional 15,264 shares during the quarter. Oak Ridge Investments LLC owned approximately 1.32% of Electronics for Imaging worth $29,058,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EFII. Strs Ohio increased its position in Electronics for Imaging by 91.7% during the 1st quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after purchasing an additional 1,100 shares during the period. Russell Investments Group Ltd. increased its position in Electronics for Imaging by 5.7% during the 1st quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock valued at $442,000 after purchasing an additional 490 shares during the period. Great West Life Assurance Co. Can increased its position in Electronics for Imaging by 5.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 64,712 shares of the technology company’s stock valued at $3,159,000 after purchasing an additional 3,438 shares during the period. Tyers Asset Management LLC increased its position in Electronics for Imaging by 9.3% during the 1st quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after purchasing an additional 196 shares during the period. Finally, First Trust Advisors LP purchased a new position in Electronics for Imaging during the 1st quarter valued at $371,000.

Shares of Electronics for Imaging, Inc. (NASDAQ EFII) traded up 6.15% during trading on Monday, reaching $40.55. 441,961 shares of the company were exchanged. The firm has a market capitalization of $1.89 billion, a P/E ratio of 40.07 and a beta of 1.27. The firm’s 50 day moving average is $37.47 and its 200 day moving average is $45.08. Electronics for Imaging, Inc. has a 1-year low of $25.54 and a 1-year high of $51.15.

Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.02. The firm had revenue of $247 million during the quarter, compared to the consensus estimate of $247.65 million. Electronics for Imaging had a net margin of 4.96% and a return on equity of 7.77%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities analysts anticipate that Electronics for Imaging, Inc. will post $2.50 EPS for the current fiscal year.

A number of research firms have recently weighed in on EFII. TheStreet raised shares of Electronics for Imaging from a “c+” rating to a “b-” rating in a research report on Monday, June 5th. BidaskClub downgraded shares of Electronics for Imaging from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Loop Capital began coverage on shares of Electronics for Imaging in a research report on Monday, July 24th. They issued a “buy” rating and a $58.00 target price on the stock. Aegis began coverage on shares of Electronics for Imaging in a research report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 target price (down from $53.00) on shares of Electronics for Imaging in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $50.78.

In related news, CEO Guy Gecht sold 13,746 shares of Electronics for Imaging stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $48.21, for a total value of $662,694.66. Following the completion of the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at $18,645,699.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 36,458 shares of company stock valued at $1,749,225 over the last 90 days. 1.88% of the stock is currently owned by corporate insiders.

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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.

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

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