Connor Clark & Lunn Investment Management Ltd. Purchases 38,402 Shares of Cimpress plc (NASDAQ:CMPR)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 39.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,724 shares of the business services provider's stock after purchasing an additional 38,402 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.54% of Cimpress worth $9,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMPR. Janus Henderson Group PLC boosted its position 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 purchasing an additional 140,899 shares during the period. Advantage Alpha Capital Partners LP acquired a new stake in shares of Cimpress during the third quarter valued at approximately $2,932,000. Barclays PLC lifted its position in shares of Cimpress by 70.3% in the 3rd quarter. Barclays PLC now owns 63,825 shares of the business services provider's stock valued at $5,229,000 after acquiring an additional 26,342 shares in the last quarter. FMR LLC boosted its stake in Cimpress by 26.5% in the 3rd quarter. FMR LLC now owns 78,216 shares of the business services provider's stock worth $6,407,000 after purchasing an additional 16,380 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Cimpress by 27.4% in the 4th quarter. Bank of New York Mellon Corp now owns 68,505 shares of the business services provider's stock worth $4,913,000 after purchasing an additional 14,735 shares during the period. 77.64% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Cimpress news, CFO Sean Edward Quinn acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the chief financial officer now owns 20,224 shares of the company's stock, valued at approximately $839,296. This trade represents a 32.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 17.80% of the company's stock.

Wall Street Analyst Weigh In

CMPR has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a report on Friday, January 31st. Barrington Research reissued an "outperform" rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th. Finally, StockNews.com raised Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 8th.

Cimpress Trading Up 0.4 %

NASDAQ CMPR traded up $0.16 on Wednesday, reaching $45.24. The stock had a trading volume of 177,078 shares, compared to its average volume of 157,762. Cimpress plc has a 1 year low of $41.24 and a 1 year high of $104.92. The business has a 50 day moving average price of $57.81 and a 200 day moving average price of $72.03. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 0.50 and a beta of 2.22.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly 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 net margin of 4.75% and a negative return on equity of 27.64%. On average, analysts anticipate that Cimpress plc will post 3.69 earnings per share 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.