Diamond Hill Capital Management Inc. trimmed its holdings in shares of Cimpress plc (NASDAQ:CMPR – Free Report) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 740,659 shares of the business services provider’s stock after selling 66,327 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Cimpress were worth $49,320,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ArrowMark Colorado Holdings LLC lifted its position in Cimpress by 66.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock valued at $79,307,000 after buying an additional 503,849 shares in the last quarter. Rubric Capital Management LP lifted its position in Cimpress by 110.3% during the third quarter. Rubric Capital Management LP now owns 1,180,789 shares of the business services provider’s stock valued at $74,437,000 after buying an additional 619,360 shares in the last quarter. AQR Capital Management LLC lifted its position in Cimpress by 89.0% during the second quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock valued at $13,921,000 after buying an additional 139,482 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Cimpress by 11.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 255,285 shares of the business services provider’s stock valued at $16,093,000 after buying an additional 27,207 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Cimpress by 2.3% during the third quarter. Bank of America Corp DE now owns 220,181 shares of the business services provider’s stock valued at $13,880,000 after buying an additional 4,958 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on CMPR shares. Barrington Research lifted 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. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 1st. Truist Financial set a $110.00 target price on shares of Cimpress in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Finally, Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.50.
Cimpress Trading Down 2.6%
NASDAQ CMPR opened at $95.17 on Friday. The company’s fifty day simple moving average is $80.75 and its 200-day simple moving average is $75.14. Cimpress plc has a 52 week low of $41.88 and a 52 week high of $104.91. The stock has a market cap of $2.31 billion, a P/E ratio of 53.47 and a beta of 1.79.
Cimpress (NASDAQ:CMPR – Get Free Report) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The business had revenue of $886.21 million for the quarter, compared to analysts’ expectations of $858.80 million. On average, research analysts expect that Cimpress plc will post 3.62 EPS for the current fiscal year.
Insider Transactions at Cimpress
In related news, EVP Maarten Wensveen sold 19,251 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total value of $1,789,572.96. Following the sale, the executive vice president directly owned 19,674 shares of the company’s stock, valued at $1,828,895.04. This represents a 49.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.20% of the stock is owned by corporate insiders.
About Cimpress
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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