First Trust Advisors LP lifted its stake in Cimpress plc (NASDAQ:CMPR – Free Report) by 13.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,816 shares of the business services provider’s stock after acquiring an additional 13,133 shares during the quarter. First Trust Advisors LP’s holdings in Cimpress were worth $8,309,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Amundi boosted its holdings in Cimpress by 73.5% in the first quarter. Amundi now owns 7,385 shares of the business services provider’s stock worth $328,000 after purchasing an additional 3,129 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after acquiring an additional 282 shares during the period. Legal & General Group Plc boosted its position in Cimpress by 4.2% in the second quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock worth $869,000 after purchasing an additional 751 shares during the last quarter. Prudential Financial Inc. purchased a new position in Cimpress in the second quarter worth about $211,000. Finally, Hsbc Holdings PLC grew its stake in shares of Cimpress by 15.3% during the 2nd quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 1,492 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on CMPR shares. Barrington Research upped their price target on shares of Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Truist Financial dropped their price objective on shares of Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a report on Friday, July 24th. Finally, Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $110.50.
Insider Buying and Selling
In other Cimpress news, EVP Sean Edward Quinn sold 22,980 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $104.61, for a total transaction of $2,403,937.80. Following the sale, the executive vice president owned 28,937 shares in the company, valued at approximately $3,027,099.57. This trade represents a 44.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maarten Wensveen sold 19,251 shares of Cimpress stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the transaction, the executive vice president directly owned 19,674 shares in the company, valued at $1,828,895.04. This represents a 49.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 47,240 shares of company stock valued at $4,715,549. 10.20% of the stock is currently owned by corporate insiders.
Cimpress Stock Performance
NASDAQ:CMPR opened at $98.70 on Friday. The stock has a 50-day simple moving average of $96.00 and a two-hundred day simple moving average of $84.65. Cimpress plc has a 52-week low of $48.51 and a 52-week high of $106.57. The firm has a market capitalization of $2.39 billion, a PE ratio of 26.18 and a beta of 1.79.
Cimpress (NASDAQ:CMPR – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%.The company had revenue of $944.96 million during the quarter, compared to analysts’ expectations of $945.53 million. Equities analysts forecast that Cimpress plc will post 4.51 earnings per share for the current fiscal year.
Cimpress Profile
Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.
The company traces its roots to Vistaprint, founded in 1995 by Robert W.
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