Diamond Hill Capital Management Inc. Acquires 141,942 Shares of Cimpress plc (NASDAQ:CMPR)

Diamond Hill Capital Management Inc. lifted its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 31.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 592,195 shares of the business services provider's stock after buying an additional 141,942 shares during the quarter. Diamond Hill Capital Management Inc. owned about 2.35% of Cimpress worth $42,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in shares of Cimpress by 5.2% during the third 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. grew its holdings in Cimpress by 9.1% in the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock worth $11,403,000 after purchasing an additional 13,297 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Cimpress by 39.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider's stock worth $9,806,000 after purchasing an additional 38,402 shares during the period. Hennessy Advisors Inc. grew its holdings in Cimpress by 6.9% in 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 during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Cimpress by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider's stock worth $7,178,000 after purchasing an additional 7,535 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on CMPR shares. Truist Financial cut their price objective on shares of Cimpress from $110.00 to $87.00 and set a "buy" rating on the stock in a report on Friday, January 31st. StockNews.com upgraded shares of Cimpress from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $119.00 target price on shares of Cimpress in a research note on Wednesday, January 29th.

Insider Activity at Cimpress

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

Cimpress Stock Up 0.0 %

Shares of NASDAQ CMPR traded up $0.02 during midday trading on Tuesday, hitting $45.08. The stock had a trading volume of 259,864 shares, compared to its average volume of 158,139. The business's 50 day moving average is $58.31 and its 200-day moving average is $72.41. The company has a market cap of $1.13 billion, a P/E ratio of 7.46, a PEG ratio of 0.50 and a beta of 2.22. Cimpress plc has a 52 week low of $41.24 and a 52 week high of $104.92.

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

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.