First Mercantile Trust Co Lowers stake in Electronics For Imaging (EFII)

Electronics For Imaging (EFII) : First Mercantile Trust Co reduced its stake in Electronics For Imaging by 10.72% during the most recent quarter end. The investment management company now holds a total of 11,231 shares of Electronics For Imaging which is valued at $547,062 after selling 1,349 shares in Electronics For Imaging , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Electronics For Imaging makes up approximately 0.07% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in EFII in the latest quarter, The investment management firm added 1,081 additional shares and now holds a total of 2,956 shares of Electronics For Imaging which is valued at $143,987. Electronics For Imaging makes up approx 0.02% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EFII by selling 7,540 shares or 51.15% in the most recent quarter. The Hedge Fund company now holds 7,200 shares of EFII which is valued at $352,872.

Electronics For Imaging closed down -0.59 points or -1.20% at $48.71 with 4,05,763 shares getting traded on Friday. Post opening the session at $49.34, the shares hit an intraday low of $47.98 and an intraday high of $49.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Electronics For Imaging reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $0.57. The company had revenue of $245.65 million for the quarter, compared to analysts expectations of $247.03 million. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on Electronics For Imaging. Needham Initiated Electronics For Imaging on Sep 27, 2016 to “Buy”, Price Target of the shares are set at $58.Stifel Initiated Electronics For Imaging on Aug 25, 2016 to “Buy”, Price Target of the shares are set at $53.

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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