Geode Capital Management LLC Has $32.57 Million Stake in Cimpress plc (NASDAQ:CMPR)

Geode Capital Management LLC lowered its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,518 shares of the business services provider's stock after selling 23,872 shares during the quarter. Geode Capital Management LLC owned 1.58% of Cimpress worth $32,570,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Cimpress during the third quarter valued at $29,000. CWM LLC increased 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 during the period. Quarry LP purchased a new position in shares of Cimpress during the 3rd quarter valued at $111,000. Point72 Asset Management L.P. acquired a new position in shares of Cimpress in the third quarter worth $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cimpress during the third quarter worth $130,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

Wall Street Analyst Weigh In

CMPR has been the topic of several research reports. Truist Financial dropped their target price on Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. StockNews.com cut shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $119.00 price target on shares of Cimpress in a research report on Friday, December 20th.

Cimpress Stock Up 0.2 %

Cimpress stock traded up $0.12 during mid-day trading on Thursday, hitting $74.00. 86,730 shares of the company were exchanged, compared to its average volume of 151,292. The company has a market capitalization of $1.86 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08. The business has a fifty day moving average of $78.30 and a 200 day moving average of $84.01. Cimpress plc has a 1-year low of $58.05 and a 1-year high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate 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 company posted $0.17 EPS. Research analysts expect that Cimpress plc will post 4.27 earnings per share for the current 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.