Janus Henderson Group PLC Increases Stake in Cimpress plc (NASDAQ:CMPR)

Janus Henderson Group PLC lifted its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,847,327 shares of the business services provider's stock after acquiring an additional 140,899 shares during the quarter. Janus Henderson Group PLC owned approximately 11.32% of Cimpress worth $233,253,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Cimpress by 166.3% during the 2nd quarter. CWM LLC now owns 831 shares of the business services provider's stock valued at $73,000 after acquiring an additional 519 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Cimpress during the 3rd quarter valued at $130,000. Legacy Capital Group California Inc. bought a new position in Cimpress during the 2nd quarter worth $202,000. Optimist Retirement Group LLC bought a new position in Cimpress during the 2nd quarter worth $204,000. Finally, Victory Capital Management Inc. bought a new position in Cimpress during the 2nd quarter worth $250,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Cimpress Stock Performance

CMPR stock traded up $0.80 during midday trading on Wednesday, reaching $81.09. 96,095 shares of the company's stock traded hands, compared to its average volume of 151,712. The company has a 50-day moving average price of $79.22 and a two-hundred day moving average price of $84.67. Cimpress plc has a 52 week low of $58.05 and a 52 week high of $104.92. The firm has a market capitalization of $2.04 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.72 and a beta of 2.08.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (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 company had revenue of $804.97 million during the quarter, compared to analysts' expectations of $800.51 million. During the same quarter last year, the firm posted $0.17 earnings per share. As a group, analysts predict that Cimpress plc will post 4.27 EPS for the current fiscal year.

Insider Activity

In related news, CEO Robert S. Keane sold 396 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $97.55, for a total value of $38,629.80. Following the transaction, the chief executive officer now directly owns 986,785 shares of the company's stock, valued at approximately $96,260,876.75. This represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 17.80% of the company's stock.

Analysts Set New Price Targets

CMPR has been the subject of several analyst reports. Truist Financial lowered their target price on Cimpress from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, November 1st. StockNews.com lowered Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Finally, Barrington Research raised their target price on Cimpress from $113.00 to $119.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 27th.

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.