RK Capital Management LLC bought a new stake in Electronics for Imaging, Inc. (NASDAQ:EFII) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 280,100 shares of the technology company’s stock, valued at approximately $13,271,000. Electronics for Imaging comprises about 2.7% of RK Capital Management LLC’s portfolio, making the stock its 11th biggest position. RK Capital Management LLC owned 0.60% of Electronics for Imaging as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EFII. Strs Ohio increased its stake in 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 acquiring an additional 1,100 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Electronics for Imaging by 5.7% in the first quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock valued at $442,000 after acquiring an additional 490 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Electronics for Imaging by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 64,712 shares of the technology company’s stock valued at $3,159,000 after acquiring an additional 3,438 shares during the last quarter. Tyers Asset Management LLC increased its stake in 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 acquiring an additional 196 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Electronics for Imaging in the first quarter valued at $371,000.

Electronics for Imaging, Inc. (NASDAQ EFII) traded up 2.11% during mid-day trading on Friday, reaching $41.59. 702,035 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $36.71 and its 200 day moving average price is $44.90. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 43.10 and a beta of 1.27. Electronics for Imaging, Inc. has a one year low of $25.54 and a one year high of $51.15.

Electronics for Imaging (NASDAQ:EFII) last posted its earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Electronics for Imaging had a return on equity of 5.58% and a net margin of 4.70%. The business had revenue of $247.00 million during the quarter, compared to the consensus estimate of $247.65 million. During the same quarter last year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that Electronics for Imaging, Inc. will post $2.44 EPS for the current year.

Electronics for Imaging announced that its board has authorized a share repurchase program on Monday, September 11th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

EFII has been the topic of a number of research analyst reports. ValuEngine cut Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. TheStreet raised Electronics for Imaging from a “c+” rating to a “b-” rating in a research note on Monday, June 5th. William Blair reissued an “outperform” rating on shares of Electronics for Imaging in a research note on Monday, June 12th. Aegis initiated coverage on Electronics for Imaging in a research note on Tuesday, June 13th. They issued a “buy” rating and a $58.00 target price on the stock. Finally, Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Electronics for Imaging has an average rating of “Buy” and an average target price of $50.70.

In other news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $41.02, for a total value of $369,180.00. Following the sale, the chief executive officer now directly owns 377,950 shares in the company, valued at approximately $15,503,509. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 45,458 shares of company stock worth $2,118,405. Insiders own 1.88% of the company’s stock.

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Electronics for Imaging 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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