New York State Common Retirement Fund grew its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 203.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,152 shares of the business services provider's stock after acquiring an additional 11,500 shares during the period. New York State Common Retirement Fund owned 0.07% of Cimpress worth $1,230,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC increased its position in Cimpress by 5.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider's stock worth $233,253,000 after purchasing an additional 140,899 shares during the last quarter. Advantage Alpha Capital Partners LP bought a new position in Cimpress during the third quarter valued at approximately $2,932,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Cimpress by 42.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,322 shares of the business services provider's stock valued at $8,055,000 after acquiring an additional 29,484 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider's stock worth $36,885,000 after acquiring an additional 26,727 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Cimpress by 70.3% during the 3rd quarter. Barclays PLC now owns 63,825 shares of the business services provider's stock worth $5,229,000 after purchasing an additional 26,342 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on CMPR shares. 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 report on Friday, January 31st. Barrington Research reissued an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th. Finally, StockNews.com raised Cimpress from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 8th.
Get Our Latest Report on Cimpress
Cimpress Trading Down 1.5 %
Cimpress stock traded down $0.65 on Thursday, reaching $43.59. 110,311 shares of the stock were exchanged, compared to its average volume of 212,940. Cimpress plc has a twelve month low of $43.39 and a twelve month high of $104.92. The firm has a fifty day moving average price of $62.75 and a two-hundred day moving average price of $75.27. The stock has a market cap of $1.10 billion, a PE ratio of 7.22, a PEG ratio of 0.50 and a beta of 2.08.
Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Equities analysts anticipate that Cimpress plc will post 3.69 EPS for the current fiscal year.
About Cimpress
(
Free Report)
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.
See Also
Before you consider Cimpress, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cimpress wasn't on the list.
While Cimpress currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
