Charles Schwab Investment Management Inc. reduced its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 242,948 shares of the business services provider's stock after selling 18,906 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.97% of Cimpress worth $19,902,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CMPR. CWM LLC raised its holdings in Cimpress by 166.3% during the second quarter. CWM LLC now owns 831 shares of the business services provider's stock worth $73,000 after acquiring an additional 519 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Cimpress in the third quarter worth $130,000. Legacy Capital Group California Inc. bought a new stake in shares of Cimpress during the 2nd quarter worth approximately $202,000. Optimist Retirement Group LLC acquired a new stake in shares of Cimpress in the 2nd quarter valued at $204,000. Finally, Victory Capital Management Inc. acquired a new stake in Cimpress in the second quarter valued at about $250,000. 77.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have commented on CMPR. StockNews.com lowered Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Barrington Research increased their price target on Cimpress from $113.00 to $119.00 and gave the stock an "outperform" rating in a report on Tuesday, August 27th. Finally, Truist Financial reduced their price objective on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, November 1st.
View Our Latest Report on CMPR
Cimpress Stock Up 1.1 %
Shares of CMPR stock traded up $0.89 on Friday, reaching $80.01. The company's stock had a trading volume of 108,533 shares, compared to its average volume of 125,151. Cimpress plc has a 12-month low of $58.05 and a 12-month high of $104.92. The company has a market capitalization of $2.01 billion, a P/E ratio of 13.75, a PEG ratio of 0.70 and a beta of 2.08. The stock's 50 day simple moving average is $79.06 and its 200-day simple moving average is $84.59.
Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.80). The business had revenue of $804.97 million during the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same period in the prior year, the firm earned $0.17 earnings per share. Research analysts expect that Cimpress plc will post 4.27 EPS for the current year.
Cimpress Company Profile
(
Free Report)
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.
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