2,972 Shares in Cimpress plc (NASDAQ:CMPR) Purchased by Seven Eight Capital LP

Seven Eight Capital LP bought a new stake in Cimpress plc (NASDAQ:CMPR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,972 shares of the business services provider’s stock, valued at approximately $263,000.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new stake in shares of Cimpress in the first quarter worth $200,000. Olympiad Research LP bought a new stake in shares of Cimpress during the 4th quarter worth approximately $212,000. Advisory Services Network LLC bought a new stake in Cimpress during the fourth quarter worth $216,000. VELA Investment Management LLC acquired a new stake in Cimpress in the 4th quarter valued at about $239,000. Finally, GM Advisory Group LLC acquired a new stake in shares of Cimpress in the first quarter valued at approximately $239,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Buying and Selling at Cimpress

In other news, CEO Florian Baumgartner sold 3,410 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $85.18, for a total transaction of $290,463.80. Following the sale, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at approximately $2,538,704.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold 18,924 shares of company stock valued at $1,584,807 in the last three months. Corporate insiders own 17.90% of the company’s stock.

Cimpress Stock Performance

CMPR opened at $89.67 on Thursday. The stock has a fifty day moving average of $86.92 and a 200-day moving average of $86.88. Cimpress plc has a fifty-two week low of $57.01 and a fifty-two week high of $100.01. The company has a market capitalization of $2.28 billion, a P/E ratio of 27.68, a P/E/G ratio of 0.80 and a beta of 2.00.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. The business had revenue of $780.59 million during the quarter, compared to the consensus estimate of $782.65 million. During the same period in the prior year, the firm earned ($0.97) EPS. On average, equities research analysts predict that Cimpress plc will post 2.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CMPR shares. Barrington Research restated an “outperform” rating and set a $113.00 target price on shares of Cimpress in a research note on Tuesday, May 28th. StockNews.com downgraded shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 6th.

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.