Cimpress plc (NASDAQ:CMPR) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Cimpress plc (NASDAQ:CMPR - Free Report) by 27.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,505 shares of the business services provider's stock after acquiring an additional 14,735 shares during the period. Bank of New York Mellon Corp owned approximately 0.27% of Cimpress worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of Cimpress by 5.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider's stock valued at $233,253,000 after buying an additional 140,899 shares during the period. Hantz Financial Services Inc. increased its holdings in Cimpress by 9.1% in the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock worth $11,403,000 after acquiring an additional 13,297 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Cimpress by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider's stock worth $7,918,000 after purchasing an additional 7,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Cimpress by 42.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider's stock worth $8,055,000 after purchasing an additional 29,484 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Cimpress by 26.5% during the third quarter. FMR LLC now owns 78,216 shares of the business services provider's stock valued at $6,407,000 after acquiring an additional 16,380 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

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Insiders Place Their Bets

In related news, CFO Sean Edward Quinn bought 5,000 shares of the stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the transaction, the chief financial officer now owns 20,224 shares of the company's stock, valued at $839,296. This represents a 32.84 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.80% of the stock is currently owned by insiders.

Cimpress Stock Down 1.9 %

Cimpress stock traded down $0.82 during mid-day trading on Friday, hitting $43.34. The company had a trading volume of 153,821 shares, compared to its average volume of 158,580. The business has a fifty day moving average of $56.80 and a 200 day moving average of $71.65. Cimpress plc has a 1 year low of $41.24 and a 1 year high of $104.92. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Equities analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com upgraded Cimpress from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th. Barrington Research reaffirmed an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th. Finally, Truist Financial dropped their price objective on Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Friday, January 31st.

Cimpress Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.