Hennessy Advisors Inc. Acquires 7,100 Shares of Cimpress plc (NASDAQ:CMPR)

Hennessy Advisors Inc. boosted its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,400 shares of the business services provider's stock after buying an additional 7,100 shares during the quarter. Hennessy Advisors Inc. owned 0.44% of Cimpress worth $7,918,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMPR. Public Employees Retirement System of Ohio acquired a new position in Cimpress in the 3rd quarter worth approximately $29,000. CWM LLC boosted its stake in Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider's stock worth $103,000 after purchasing an additional 427 shares during the period. Quarry LP acquired a new position in Cimpress in the 3rd quarter worth approximately $111,000. Point72 Asset Management L.P. acquired a new position in Cimpress in the 3rd quarter worth approximately $115,000. Finally, Meeder Asset Management Inc. acquired a new position in Cimpress in the 3rd quarter worth approximately $130,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 9th. Truist Financial decreased their target price on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Barrington Research reissued an "outperform" rating and set a $119.00 target price on shares of Cimpress in a research note on Friday, December 20th.

Cimpress Stock Up 1.6 %

Shares of NASDAQ:CMPR traded up $1.17 during trading on Friday, reaching $73.81. 129,935 shares of the company traded hands, compared to its average volume of 127,828. The firm has a fifty day simple moving average of $76.64 and a 200 day simple moving average of $82.46. The firm has a market cap of $1.86 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 0.62 and a beta of 2.09. 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 released its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.80). The business had revenue of $804.97 million for the quarter, compared to the consensus estimate 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 business posted $0.17 EPS. As a group, research analysts anticipate that Cimpress plc will post 4.06 EPS for the current year.

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.