Teacher Retirement System of Texas Cuts Stake in Cimpress plc (NASDAQ:CMPR)

Teacher Retirement System of Texas lessened its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 33.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,262 shares of the business services provider's stock after selling 18,234 shares during the period. Teacher Retirement System of Texas owned about 0.14% of Cimpress worth $2,601,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in shares of Cimpress by 5.2% during 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 acquiring an additional 140,899 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Cimpress by 31.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider's stock valued at $42,472,000 after purchasing an additional 141,942 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Cimpress by 9.1% during the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock worth $11,403,000 after purchasing an additional 13,297 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Cimpress by 39.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider's stock valued at $9,806,000 after purchasing an additional 38,402 shares during the period. Finally, Hennessy Advisors Inc. raised its position in shares of Cimpress by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider's stock valued at $7,918,000 after purchasing an additional 7,100 shares during the period. Institutional investors own 77.64% of the company's stock.

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Insider Buying and Selling at Cimpress

In related news, CFO Sean Edward Quinn purchased 5,000 shares of the firm's stock in a transaction dated 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 acquisition, the chief financial officer now directly owns 20,224 shares of the company's stock, valued at approximately $839,296. This represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 17.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Cimpress Stock Performance

Cimpress stock traded down $0.11 during midday trading on Friday, reaching $45.19. 250,493 shares of the stock were exchanged, compared to its average volume of 164,856. Cimpress plc has a 52 week low of $41.01 and a 52 week high of $104.92. The firm has a market cap of $1.14 billion, a PE ratio of 7.48, a PEG ratio of 0.50 and a beta of 2.22. The company's fifty day moving average is $53.44 and its 200-day moving average is $69.39.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results 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%. On average, sell-side analysts anticipate 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.