Fmr LLC Grows Stake in Cimpress plc (NASDAQ:CMPR)

FMR LLC increased its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 26.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,216 shares of the business services provider's stock after purchasing an additional 16,380 shares during the quarter. FMR LLC owned 0.31% of Cimpress worth $6,407,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. CWM LLC lifted its stake in shares of Cimpress by 166.3% in the 2nd quarter. CWM LLC now owns 831 shares of the business services provider's stock valued at $73,000 after acquiring an additional 519 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cimpress during the 3rd quarter valued at about $130,000. Legacy Capital Group California Inc. bought a new position in shares of Cimpress during the 2nd quarter worth approximately $202,000. Optimist Retirement Group LLC acquired a new position in shares of Cimpress during the 2nd quarter valued at $204,000. Finally, Victory Capital Management Inc. bought a new position in Cimpress during the second quarter worth $250,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Cimpress Price Performance

Shares of CMPR stock traded down $3.29 on Friday, hitting $78.76. The stock had a trading volume of 96,787 shares, compared to its average volume of 150,402. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.72 and a beta of 2.08. Cimpress plc has a 12-month low of $58.05 and a 12-month high of $104.92. The business has a 50 day moving average of $79.25 and a 200 day moving average of $84.59.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.80). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The business had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. As a group, research analysts expect that Cimpress plc will post 4.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CMPR shares. 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. StockNews.com downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th. Finally, Truist Financial decreased their price objective on Cimpress from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, November 1st.

Cimpress Company 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.