Vanguard Group Inc. Boosts Stock Position in Cimpress plc (NASDAQ:CMPR)

Vanguard Group Inc. increased its stake in Cimpress plc (NASDAQ:CMPR - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,833,202 shares of the business services provider's stock after buying an additional 13,988 shares during the quarter. Vanguard Group Inc. owned 7.29% of Cimpress worth $131,477,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Cimpress in the third quarter worth about $29,000. Point72 Asset Management L.P. purchased a new stake in shares of Cimpress during the 3rd quarter worth approximately $115,000. Vestcor Inc bought a new stake in shares of Cimpress in the 4th quarter worth approximately $144,000. Optimist Retirement Group LLC lifted its stake in Cimpress by 15.1% in the third quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider's stock valued at $220,000 after purchasing an additional 352 shares during the last quarter. Finally, Mayfair Advisory Group LLC bought a new position in Cimpress during the fourth quarter valued at $204,000. Institutional investors own 77.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMPR. StockNews.com raised Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 8th. Barrington Research reaffirmed an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th. Finally, Truist Financial cut their target price on shares of Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research report on Friday, January 31st.

Remove Ads

Insider Buying and Selling at Cimpress

In other Cimpress news, CFO Sean Edward Quinn purchased 5,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the chief financial officer now owns 20,224 shares in the company, valued at $839,296. The trade was a 32.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 17.80% of the company's stock.

Cimpress Price Performance

Shares of NASDAQ:CMPR traded up $0.83 during trading on Friday, hitting $43.77. 160,714 shares of the company were exchanged, compared to its average volume of 167,782. Cimpress plc has a 52-week low of $39.11 and a 52-week high of $104.92. The stock has a 50 day moving average of $46.94 and a 200 day moving average of $66.25. The company has a market cap of $1.10 billion, a PE ratio of 7.25, a P/E/G ratio of 0.50 and a beta of 1.94.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its earnings results on Wednesday, January 29th. The business services provider reported $2.36 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%. Sell-side analysts forecast that Cimpress plc will post 3.69 EPS for the current fiscal year.

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.