JPMorgan Chase & Co. Increases Position in Cimpress plc (NASDAQ:CMPR)

JPMorgan Chase & Co. lifted its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 169.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 59,209 shares of the business services provider's stock after purchasing an additional 37,272 shares during the period. JPMorgan Chase & Co. owned about 0.24% of Cimpress worth $4,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Cimpress during the third quarter valued at about $29,000. Vestcor Inc purchased a new stake in Cimpress during the fourth quarter valued at approximately $144,000. Mayfair Advisory Group LLC acquired a new stake in Cimpress in the fourth quarter valued at approximately $204,000. Optimist Retirement Group LLC grew its holdings in Cimpress by 15.1% in the third quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider's stock worth $220,000 after purchasing an additional 352 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in Cimpress in the fourth quarter worth $263,000. 77.64% of the stock is currently owned by institutional investors.

Cimpress Price Performance

CMPR traded up $0.18 on Wednesday, reaching $41.81. 72,159 shares of the stock were exchanged, compared to its average volume of 170,202. The company's 50-day moving average price is $45.08 and its 200 day moving average price is $64.37. The firm has a market capitalization of $1.05 billion, a PE ratio of 6.92, a PEG ratio of 0.50 and a beta of 1.94. Cimpress plc has a fifty-two week low of $39.11 and a fifty-two week high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing analysts' consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. As a group, equities analysts forecast that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sean Edward Quinn purchased 5,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $41.50 per share, with a total value 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 $839,296. The trade was a 32.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CMPR. Barrington Research reissued an "outperform" rating and issued a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th. StockNews.com upgraded Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 8th. Finally, Truist Financial decreased their price objective on shares of Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research report on Friday, January 31st.

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.