Diamond Hill Capital Management Inc. Grows Stock Holdings in Cimpress plc (NASDAQ:CMPR)

Diamond Hill Capital Management Inc. raised its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 450,253 shares of the business services provider's stock after buying an additional 26,727 shares during the period. Diamond Hill Capital Management Inc. owned approximately 1.78% of Cimpress worth $36,885,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress in the 3rd quarter valued at $7,582,000. CWM LLC raised its holdings in shares of Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider's stock valued at $103,000 after purchasing an additional 427 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Cimpress by 54.0% in the 3rd quarter. Diversified Trust Co now owns 4,840 shares of the business services provider's stock valued at $396,000 after purchasing an additional 1,697 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Cimpress by 14.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,296 shares of the business services provider's stock valued at $516,000 after purchasing an additional 800 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Cimpress by 10.5% in the 2nd quarter. Creative Planning now owns 7,492 shares of the business services provider's stock valued at $656,000 after purchasing an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMPR. Truist Financial reduced their price objective on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, November 1st. StockNews.com lowered shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, Barrington Research lifted their price target on shares of Cimpress from $113.00 to $119.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 27th.

Cimpress Trading Up 1.4 %

NASDAQ:CMPR traded up $1.09 during midday trading on Monday, hitting $80.75. 44,601 shares of the company were exchanged, compared to its average volume of 152,868. The company has a fifty day simple moving average of $81.50 and a 200 day simple moving average of $85.36. Cimpress plc has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The company has a market capitalization of $2.03 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.69 and a beta of 2.05.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same quarter in the prior year, the firm posted $0.17 earnings per share. As a group, equities research analysts expect that Cimpress plc will post 4.3 EPS for the current year.

Insider Buying and Selling at Cimpress

In other Cimpress news, EVP Maarten Wensveen sold 1,317 shares of Cimpress stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the transaction, the executive vice president now directly owns 22,830 shares in the company, valued at approximately $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Maarten Wensveen sold 1,317 shares of Cimpress stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.00, for a total value of $118,530.00. Following the sale, the executive vice president now owns 22,830 shares of the company's stock, valued at $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the completion of the sale, the chief executive officer now directly owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,116 shares of company stock worth $7,019,606. 17.80% of the stock is owned by company insiders.

About Cimpress

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.