Bayesian Capital Management LP Takes Position in Cimpress plc (NASDAQ:CMPR)

Bayesian Capital Management 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 (SEC). The fund bought 3,852 shares of the business services provider’s stock, valued at approximately $341,000.

Other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC grew its holdings in Cimpress by 9,821.4% in the first quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after purchasing an additional 154,785 shares during the period. Norges Bank bought a new position in shares of Cimpress in the 4th quarter worth $9,433,000. Vanguard Group Inc. increased its stake in Cimpress by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock valued at $160,384,000 after purchasing an additional 91,543 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Cimpress by 4.4% in the first quarter. Acadian Asset Management LLC now owns 357,732 shares of the business services provider’s stock valued at $31,644,000 after buying an additional 15,157 shares in the last quarter. Finally, Auxano Advisors LLC acquired a new position in shares of Cimpress during the fourth quarter valued at about $1,065,000. Institutional investors own 77.64% of the company’s stock.

Insider Transactions at Cimpress

In related news, CEO Florian Baumgartner sold 4,034 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.40, for a total transaction of $348,537.60. Following the completion of the transaction, the chief executive officer now owns 19,550 shares in the company, valued at $1,689,120. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold 15,514 shares of company stock worth $1,295,536 in the last ninety days. Company insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

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

Cimpress Stock Performance

NASDAQ:CMPR opened at $91.27 on Thursday. Cimpress plc has a 52 week low of $57.01 and a 52 week high of $100.01. The firm has a 50-day moving average price of $87.43 and a two-hundred day moving average price of $87.46. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 0.80 and a beta of 2.00.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). The business had revenue of $780.59 million for the quarter, compared to analysts’ expectations of $782.65 million. Cimpress had a net margin of 2.69% and a negative return on equity of 14.44%. During the same period in the previous year, the business posted ($0.97) earnings per share. As a group, sell-side analysts forecast that Cimpress plc will post 2.92 earnings per share for the current 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.