State Street Corp Sells 13,435 Shares of Cimpress plc (NASDAQ:CMPR)

State Street Corp lowered its stake in Cimpress plc (NASDAQ:CMPR - Free Report) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,195 shares of the business services provider's stock after selling 13,435 shares during the period. State Street Corp owned 1.57% of Cimpress worth $32,374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its stake in shares of Cimpress by 51.4% in the third quarter. CWM LLC now owns 1,258 shares of the business services provider's stock valued at $103,000 after buying an additional 427 shares during the period. Quarry LP bought a new stake in Cimpress during the 3rd quarter worth approximately $111,000. Point72 Asset Management L.P. acquired a new position in Cimpress in the 3rd quarter valued at approximately $115,000. Meeder Asset Management Inc. bought a new position in shares of Cimpress during the third quarter valued at $130,000. Finally, Optimist Retirement Group LLC acquired a new position in shares of Cimpress during the second quarter worth $204,000. Institutional investors own 77.64% of the company's stock.

Cimpress Trading Up 0.7 %

NASDAQ CMPR traded up $0.51 during trading hours on Friday, hitting $74.21. The company's stock had a trading volume of 268,114 shares, compared to its average volume of 151,852. The company has a market capitalization of $1.87 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08. Cimpress plc has a 52 week low of $58.05 and a 52 week high of $104.92. The company's 50-day simple moving average is $78.85 and its two-hundred day simple moving average is $84.38.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). The business had revenue of $804.97 million for the quarter, compared to analysts' expectations of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same period last year, the company earned $0.17 earnings per share. Research analysts anticipate that Cimpress plc will post 4.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CMPR. Barrington Research restated an "outperform" rating and issued a $119.00 price objective on shares of Cimpress in a report on Friday. Truist Financial reduced their target price on Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th.

About Cimpress

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.