Cimpress plc (NASDAQ:CMPR) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Cimpress plc (NASDAQ:CMPR) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,941 shares of the business services provider’s stock after purchasing an additional 2,988 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.94% of Cimpress worth $16,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMPR. FMR LLC boosted its holdings in shares of Cimpress by 26.5% in the third quarter. FMR LLC now owns 78,216 shares of the business services provider’s stock valued at $6,407,000 after acquiring an additional 16,380 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cimpress by 5.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 169 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cimpress by 54.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock valued at $2,164,000 after purchasing an additional 9,324 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Cimpress during the 3rd quarter worth approximately $115,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Cimpress during the 3rd quarter worth approximately $265,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMPR. Truist Financial dropped their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Finally, Barrington Research reiterated an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th.

Cimpress Price Performance

CMPR opened at $43.42 on Friday. Cimpress plc has a 1-year low of $41.01 and a 1-year high of $104.92. The stock has a market cap of $1.09 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.50 and a beta of 2.22. The stock’s 50 day simple moving average is $50.63 and its 200 day simple moving average is $68.30.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Research analysts expect that Cimpress plc will post 3.69 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other Cimpress news, CFO Sean Edward Quinn acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $41.50 per share, with a total value of $207,500.00. Following the purchase, the chief financial officer now directly owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 17.80% of the stock is currently owned by insiders.

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.