Cimpress plc (NASDAQ:CMPR) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cimpress plc (NASDAQ:CMPR - Free Report) by 54.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 26,420 shares of the business services provider's stock after purchasing an additional 9,324 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Cimpress worth $2,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Cimpress by 5.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider's stock worth $287,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Cimpress by 1.1% during the second quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider's stock worth $2,375,000 after purchasing an additional 308 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Cimpress by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider's stock worth $910,000 after buying an additional 334 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Cimpress by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider's stock valued at $268,000 after buying an additional 423 shares during the period. Finally, CWM LLC grew its position in shares of Cimpress by 51.4% during the 3rd 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 last quarter. Institutional investors own 77.64% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMPR. Truist Financial cut their target price on shares of Cimpress from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, November 1st. StockNews.com downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th. Finally, Barrington Research upped their price objective on Cimpress from $113.00 to $119.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 27th.

Cimpress Trading Up 2.2 %

Cimpress stock traded up $1.73 during midday trading on Monday, reaching $80.49. 133,526 shares of the stock traded hands, compared to its average volume of 150,514. Cimpress plc has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.68 and a beta of 2.08. The firm has a fifty day moving average price of $79.22 and a two-hundred day moving average price of $84.61.

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

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.