Cadian Capital Management Lp buys $108.6 Million stake in Electronics For Imaging (EFII)

Electronics For Imaging (EFII) : Cadian Capital Management Lp scooped up 178,478 additional shares in Electronics For Imaging during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,740,557 shares of Electronics For Imaging which is valued at $108.6 Million.Electronics For Imaging makes up approximately 7.04% of Cadian Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc boosted its stake in EFII in the latest quarter, The investment management firm added 4,399 additional shares and now holds a total of 536,726 shares of Electronics For Imaging which is valued at $21.3 Million. Electronics For Imaging makes up approx 0.07% of Brown Advisory Inc’s portfolio. Lazard Asset Management sold out all of its stake in EFII during the most recent quarter. The investment firm sold 6,240 shares of EFII which is valued $247,291. Miles Capital sold out all of its stake in EFII during the most recent quarter. The investment firm sold 6,171 shares of EFII which is valued $244,557.Profund Advisors boosted its stake in EFII in the latest quarter, The investment management firm added 1,043 additional shares and now holds a total of 9,430 shares of Electronics For Imaging which is valued at $365,790. Electronics For Imaging makes up approx 0.02% of Profund Advisors’s portfolio.

Electronics For Imaging opened for trading at $42.61 and hit $43.23 on the upside on Wednesday, eventually ending the session at $42.98, with a gain of 0.51% or 0.22 points. The heightened volatility saw the trading volume jump to 3,16,022 shares. Company has a market cap of $2,025 M.

On the company’s financial health, Electronics For Imaging reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.54. The company had revenue of $234.10 million for the quarter, compared to analysts expectations of $233.11 million. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Electronics For Imaging Inc. (EFI) is a provider of digital printing focused on the transformation of the printing packaging and decorative industries from the use of analog-based presses to digital on-demand printing. The Company operates through three segments: Industrial Inkjet Productivity Software and Fiery. The Company’s products include industrial super-wide wide format label and packaging and ceramic tile decoration digital inkjet printers that utilizes its digital ink 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. Its inks include digital ultra-violet (UV) light emitting diode (LED) ceramic textile dye sublimation and thermoforming ink. The Company also provides digital inkjet textile space.

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