Texas Permanent School Fund Sells 3,038 Shares of Electronics For Imaging, Inc. (EFII)
Texas Permanent School Fund trimmed its holdings in Electronics For Imaging, Inc. (NASDAQ:EFII) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,886 shares of the technology company’s stock after selling 3,038 shares during the period. Texas Permanent School Fund’s holdings in Electronics For Imaging were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in EFII. Campbell & CO Investment Adviser LLC bought a new position in shares of Electronics For Imaging in the third quarter valued at $213,000. Shelton Capital Management bought a new position in shares of Electronics For Imaging in the second quarter valued at $219,000. Citigroup Inc. lifted its stake in shares of Electronics For Imaging by 13.2% in the second quarter. Citigroup Inc. now owns 5,817 shares of the technology company’s stock valued at $276,000 after buying an additional 678 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in shares of Electronics For Imaging in the third quarter valued at $282,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Electronics For Imaging in the third quarter valued at $286,000.
In related news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.31, for a total transaction of $272,790.00. Following the transaction, the chief executive officer now directly owns 324,450 shares of the company’s stock, valued at $9,834,079.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 36,000 shares of company stock worth $1,075,860 over the last three months. 1.88% of the stock is owned by insiders.
Electronics For Imaging (NASDAQ:EFII) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Electronics For Imaging had a negative net margin of 1.54% and a positive return on equity of 1.46%. The firm had revenue of $269.20 million for the quarter, compared to the consensus estimate of $264.62 million. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. research analysts predict that Electronics For Imaging, Inc. will post 0.37 EPS for the current fiscal year.
A number of research analysts have weighed in on EFII shares. Loop Capital dropped their price objective on shares of Electronics For Imaging from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Stifel Nicolaus dropped their price objective on shares of Electronics For Imaging from $49.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Citigroup dropped their price objective on shares of Electronics For Imaging from $53.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Electronics For Imaging in a research note on Sunday, October 29th. Finally, Griffin Securities reaffirmed a “buy” rating on shares of Electronics For Imaging in a research note on Thursday, February 1st. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.78.
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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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