Cimpress plc (NASDAQ:CMPR) Stake Increased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Cimpress plc (NASDAQ:CMPR) by 82.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,597 shares of the business services provider’s stock after acquiring an additional 4,774 shares during the quarter. Intech Investment Management LLC’s holdings in Cimpress were worth $760,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Cimpress in the 3rd quarter valued at about $29,000. Quarry LP acquired a new stake in Cimpress during the third quarter valued at approximately $111,000. Point72 Asset Management L.P. bought a new position in Cimpress during the 3rd quarter worth approximately $115,000. Vestcor Inc bought a new position in Cimpress during the 4th quarter worth approximately $144,000. Finally, Optimist Retirement Group LLC grew its position in shares of Cimpress by 15.1% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,685 shares of the business services provider’s stock worth $220,000 after acquiring an additional 352 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cimpress

In other Cimpress news, CFO Sean Edward Quinn purchased 5,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the acquisition, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. This represents a 32.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.80% of the company’s stock.

Cimpress Trading Down 1.9 %

Shares of Cimpress stock opened at $43.32 on Monday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.50 and a beta of 2.22. Cimpress plc has a twelve month low of $41.24 and a twelve month high of $104.92. The business’s 50 day simple moving average is $56.30 and its 200-day simple moving average is $70.92.

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

Analyst Ratings Changes

CMPR has been the topic of several research reports. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Barrington Research reiterated an “outperform” rating and set a $119.00 target price on shares of Cimpress in a research note on Wednesday, January 29th. Finally, Truist Financial reduced their price target on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 31st.

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.