The stock of Electronics For Imaging, Inc. (NASDAQ:EFII) is a huge mover today! About 666,431 shares traded hands or 56.29% up from the average. Electronics For Imaging, Inc. (NASDAQ:EFII) has risen 1.92% since March 11, 2016 and is uptrending. It has underperformed by 3.54% the S&P500.
The move comes after 9 months negative chart setup for the $1.82 billion company. It was reported on Oct, 14 by Barchart.com. We have $38.84 PT which if reached, will make NASDAQ:EFII worth $145.60 million less.
Analysts await Electronics For Imaging, Inc. (NASDAQ:EFII) to report earnings on October, 18. They expect $0.18 earnings per share, down 14.29% or $0.03 from last year’s $0.21 per share. EFII’s profit will be $7.76M for 58.64 P/E if the $0.18 EPS becomes a reality. After $0.11 actual earnings per share reported by Electronics For Imaging, Inc. for the previous quarter, Wall Street now forecasts 63.64% EPS growth.
Electronics For Imaging, Inc. (NASDAQ:EFII) Ratings Coverage
Out of 6 analysts covering Electronics for Imaging (NASDAQ:EFII), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Electronics for Imaging has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital initiated Electronics For Imaging, Inc. (NASDAQ:EFII) rating on Wednesday, January 13. Barclays Capital has “Overweight” rating and $52 price target. As per Tuesday, September 27, the company rating was initiated by Needham. The firm earned “Buy” rating on Thursday, August 25 by Stifel Nicolaus. The stock of Electronics For Imaging, Inc. (NASDAQ:EFII) has “Buy” rating given on Thursday, April 21 by Citigroup. The firm has “Outperform” rating given on Friday, September 9 by William Blair.
According to Zacks Investment Research, “Electronics for Imaging, Inc. designs and markets products that support color and black-and-white printing on a variety of peripheral devices. Its products incorporate hardware and software technologies that transform digital copiers and printers from many leading copier manufacturers into fast, high-quality networked printers. The company’s products include stand-alone servers, which are connected to digital copiers and other peripheral devices, and controllers, which are embedded in digital copiers and desktop color laser printers.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.65, from 1.74 in 2016Q1. The ratio is negative, as 30 funds sold all Electronics For Imaging, Inc. shares owned while 47 reduced positions. 21 funds bought stakes while 63 increased positions. They now own 49.24 million shares or 2.29% more from 48.14 million shares in 2016Q1.
Aperio Group Lc holds 0% of its portfolio in Electronics For Imaging, Inc. (NASDAQ:EFII) for 5,135 shares. The New York-based Rothschild Asset has invested 0.34% in Electronics For Imaging, Inc. (NASDAQ:EFII). Morgan Stanley, a New York-based fund reported 753,145 shares. First Western Cap Mgmt Co accumulated 0.13% or 8,000 shares. The New York-based Quantbot Technologies L P has invested 0.01% in Electronics For Imaging, Inc. (NASDAQ:EFII). Manufacturers Life Insurance The last reported 31,504 shares in the company. Pub Sector Pension Board last reported 33,609 shares in the company. 1St holds 0.03% of its portfolio in Electronics For Imaging, Inc. (NASDAQ:EFII) for 5,112 shares. The Florida-based Raymond James has invested 0% in Electronics For Imaging, Inc. (NASDAQ:EFII). Moreover, First Quadrant Lp Ca has 0.01% invested in Electronics For Imaging, Inc. (NASDAQ:EFII) for 13,200 shares. Envestnet Asset Mgmt Inc holds 0% or 3,353 shares in its portfolio. Arrowgrass Prtnrs (Us) Ltd Partnership accumulated 0.18% or 394,918 shares. Regions Corp accumulated 0.02% or 41,918 shares. Amer Intll Grp holds 35,007 shares or 0% of its portfolio. Water Island Capital Ltd Liability holds 78,401 shares or 0.17% of its portfolio.
Insider Transactions: Since August 23, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.81 million net activity. COGAN GILL sold 3,727 shares worth $173,902. $1.64M worth of Electronics For Imaging, Inc. (NASDAQ:EFII) shares were sold by GECHT GUY.
More recent Electronics For Imaging, Inc. (NASDAQ:EFII) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of …” on October 14, 2016. Also Nasdaq.com published the news titled: “Electronics for Imaging is Now Oversold (EFII)” on October 13, 2016. Businesswire.com‘s news article titled: “IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces an Investigation of …” with publication date: October 14, 2016 was also an interesting one.
EFII Company Profile
Electronics For Imaging, Inc. (EFI), incorporated on November 21, 1988, 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 printing to digital on-demand printing. The Firm operates through three divisions: Industrial Inkjet, Productivity Software and Fiery. The Company’s products include industrial super-wide and wide format, label and packaging, and ceramic tile decoration digital inkjet printers that utilizes its digital ink, industrial digital inkjet printer parts and professional services; print production workflow, Web-to-print, cross-media marketing and business process automation solutions, and color digital front ends (DFEs) creating a digital printing ecosystem. The Company’s inks include digital ultra-violet (UV), light emitting diode (LED), ceramic, and thermoforming ink, as well as various textile ink, including dye sublimation, pigmented, reactive dye, acid dye, and water dispersed printing ink.
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