UBS Group AG Lowers Stake in Cimpress plc $CMPR

UBS Group AG cut its holdings in Cimpress plc (NASDAQ:CMPRFree Report) by 18.9% during the fourth quarter, HoldingsChannel reports. The firm owned 88,301 shares of the business services provider’s stock after selling 20,621 shares during the period. UBS Group AG’s holdings in Cimpress were worth $5,880,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of Cimpress by 250.0% during the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock worth $33,000 after purchasing an additional 370 shares during the period. Headlands Technologies LLC lifted its stake in shares of Cimpress by 32.3% in the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 241 shares during the period. Raymond James Financial Inc. purchased a new stake in Cimpress during the second quarter worth about $51,000. Quarry LP acquired a new position in Cimpress during the third quarter worth about $55,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Cimpress during the 3rd quarter worth approximately $80,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Activity

In related news, EVP Maarten Wensveen sold 19,251 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the sale, the executive vice president directly owned 19,674 shares in the company, valued at approximately $1,828,895.04. This trade represents a 49.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 10.20% of the company’s stock.

Analyst Ratings Changes

CMPR has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a report on Wednesday, April 29th. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 1st. Barrington Research raised their price target on Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Truist Financial set a $110.00 price objective on Cimpress in a research report on Friday, May 1st. Finally, Zacks Research downgraded shares of Cimpress from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.50.

Read Our Latest Stock Report on CMPR

Cimpress Stock Performance

Shares of NASDAQ:CMPR opened at $97.69 on Thursday. The stock has a 50-day simple moving average of $80.27 and a 200-day simple moving average of $74.96. The stock has a market capitalization of $2.37 billion, a P/E ratio of 54.88 and a beta of 1.79. Cimpress plc has a 1 year low of $41.88 and a 1 year high of $104.91.

Cimpress (NASDAQ:CMPRGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The firm had revenue of $886.21 million for the quarter, compared to analyst estimates of $858.80 million. Analysts predict that Cimpress plc will post 3.62 earnings per share for the current year.

Cimpress Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cimpress (NASDAQ:CMPR)

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