Massachusetts Financial Services Co. MA Invests $578,000 in Cimpress plc (NASDAQ:CMPR)

Massachusetts Financial Services Co. MA acquired a new position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,063 shares of the business services provider's stock, valued at approximately $578,000.

A number of other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Cimpress in the 3rd quarter valued at approximately $29,000. Point72 Asset Management L.P. acquired a new position in shares of Cimpress in the third quarter valued at approximately $115,000. Vestcor Inc bought a new stake in shares of Cimpress during the fourth quarter worth $144,000. Optimist Retirement Group LLC raised its holdings in shares of Cimpress by 15.1% during the third quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider's stock worth $220,000 after acquiring an additional 352 shares during the period. Finally, Mayfair Advisory Group LLC bought a new stake in Cimpress in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn purchased 5,000 shares of the stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the chief financial officer now directly owns 20,224 shares in the company, valued at $839,296. This represents a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.80% of the stock is owned by corporate insiders.

Remove Ads

Wall Street Analyst Weigh In

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

Cimpress Price Performance

NASDAQ:CMPR traded down $0.77 on Tuesday, hitting $42.74. 21,122 shares of the company's stock were exchanged, compared to its average volume of 168,123. The company has a market cap of $1.08 billion, a P/E ratio of 7.11, a price-to-earnings-growth ratio of 0.50 and a beta of 1.94. The firm has a 50-day moving average price of $46.66 and a 200-day moving average price of $65.87. Cimpress plc has a 52 week low of $39.11 and a 52 week high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share 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%. On average, research analysts expect that Cimpress plc will post 3.69 earnings per share for the current fiscal 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.