Contravisory Investment Management Inc. Boosts Holdings in Cimpress plc (NASDAQ:CMPR)

Contravisory Investment Management Inc. increased its position in Cimpress plc (NASDAQ:CMPR) by 135.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,271 shares of the business services provider’s stock after purchasing an additional 3,034 shares during the period. Contravisory Investment Management Inc.’s holdings in Cimpress were worth $462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Cimpress by 5.3% in the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after purchasing an additional 91,543 shares during the last quarter. Lazard Asset Management LLC raised its position in Cimpress by 9,821.4% in the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after buying an additional 154,785 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Cimpress by 4.4% during the 1st quarter. Acadian Asset Management LLC now owns 357,732 shares of the business services provider’s stock valued at $31,644,000 after acquiring an additional 15,157 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Cimpress during the 1st quarter valued at about $273,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cimpress by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 485,989 shares of the business services provider’s stock worth $38,905,000 after acquiring an additional 6,902 shares during the period. 77.64% of the stock is currently owned by institutional investors.

Insider Activity at Cimpress

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

Cimpress Stock Performance

Shares of CMPR stock traded up $0.34 during mid-day trading on Thursday, reaching $84.00. 105,320 shares of the company’s stock traded hands, compared to its average volume of 152,482. The firm has a market capitalization of $2.14 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 0.73 and a beta of 2.00. Cimpress plc has a 12 month low of $57.01 and a 12 month high of $104.92. The firm has a 50 day moving average price of $87.94 and a two-hundred day moving average price of $87.97.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Cimpress from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Barrington Research reissued an “outperform” rating and issued a $113.00 target price on shares of Cimpress in a report on Tuesday, May 28th.

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.