Sequoia Financial Advisors LLC Buys Shares of 92,552 Cimpress plc (NASDAQ:CMPR)

Sequoia Financial Advisors LLC purchased a new stake in Cimpress plc (NASDAQ:CMPR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 92,552 shares of the business services provider's stock, valued at approximately $7,582,000. Sequoia Financial Advisors LLC owned approximately 0.37% of Cimpress at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in Cimpress by 51.4% during the third 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. Diversified Trust Co raised its position in shares of Cimpress by 54.0% during the 3rd quarter. Diversified Trust Co now owns 4,840 shares of the business services provider's stock valued at $396,000 after buying an additional 1,697 shares during the period. Handelsbanken Fonder AB lifted its holdings in Cimpress by 14.6% in the third quarter. Handelsbanken Fonder AB now owns 6,296 shares of the business services provider's stock valued at $516,000 after acquiring an additional 800 shares during the last quarter. Creative Planning grew its position in Cimpress by 10.5% in the second quarter. Creative Planning now owns 7,492 shares of the business services provider's stock worth $656,000 after acquiring an additional 710 shares during the period. Finally, Algert Global LLC grew its holdings in shares of Cimpress by 3.9% during the 2nd quarter. Algert Global LLC now owns 57,783 shares of the business services provider's stock worth $5,062,000 after purchasing an additional 2,151 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Cimpress Price Performance

Shares of CMPR stock traded up $0.24 during trading on Wednesday, reaching $77.16. The company's stock had a trading volume of 85,403 shares, compared to its average volume of 152,060. Cimpress plc has a 1-year low of $57.01 and a 1-year high of $104.92. The stock's 50-day moving average price is $85.55 and its 200 day moving average price is $86.80. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.66 and a beta of 2.03.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $0.77 by $3.56. The business had revenue of $832.61 million during the quarter, compared to the consensus estimate of $832.90 million. Cimpress had a net margin of 5.28% and a negative return on equity of 29.56%. On average, sell-side analysts anticipate that Cimpress plc will post 4.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on CMPR shares. Truist Financial upped their price objective on shares of Cimpress from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. StockNews.com lowered Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 14th. Finally, Barrington Research boosted their price objective on Cimpress from $113.00 to $119.00 and gave the company an "outperform" rating in a report on Tuesday, August 27th.

Insiders Place Their Bets

In other news, EVP Maarten Wensveen sold 1,317 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total transaction of $118,530.00. Following the completion of the transaction, the executive vice president now directly owns 22,830 shares of the company's stock, valued at approximately $2,054,700. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Maarten Wensveen sold 1,317 shares of the company's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $90.00, for a total transaction of $118,530.00. Following the completion of the transaction, the executive vice president now directly owns 22,830 shares of the company's stock, valued at approximately $2,054,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert S. Keane sold 45,310 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the sale, the chief executive officer now directly owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,116 shares of company stock worth $7,019,606 in the last quarter. 17.80% of the stock is owned by company insiders.

Cimpress 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.