Headlands Technologies LLC Purchases New Stake in Cimpress plc $CMPR

Headlands Technologies LLC acquired a new stake in shares of Cimpress plc (NASDAQ:CMPR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,516 shares of the business services provider’s stock, valued at approximately $764,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Cimpress by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 446,936 shares of the business services provider’s stock worth $32,627,000 after purchasing an additional 18,262 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in Cimpress in the fourth quarter worth about $1,847,000. Rubric Capital Management LP grew its stake in Cimpress by 6.8% in the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider’s stock worth $118,948,000 after purchasing an additional 104,419 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in Cimpress in the fourth quarter valued at about $1,066,000. Finally, Wasatch Advisors LP acquired a new stake in Cimpress during the second quarter valued at approximately $47,545,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMPR has been the subject of several research reports. Zacks Research lowered Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Truist Financial dropped their price target on Cimpress from $110.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Wall Street Zen lowered Cimpress from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Barrington Research set a $121.00 price objective on shares of Cimpress in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Cimpress has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

Insiders Place Their Bets

In other Cimpress news, CEO Robert S. Keane sold 6,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total value of $624,585.00. Following the sale, the chief executive officer directly owned 76,177 shares in the company, valued at approximately $7,319,847.93. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.20% of the stock is owned by corporate insiders.

Cimpress Stock Down 1.2%

Shares of NASDAQ CMPR opened at $88.03 on Wednesday. The firm’s 50-day moving average price is $95.89 and its two-hundred day moving average price is $87.00. Cimpress plc has a 52-week low of $56.34 and a 52-week high of $106.57. The stock has a market capitalization of $2.14 billion, a P/E ratio of 23.35 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a net margin of 2.57% and a negative return on equity of 18.83%. The company had revenue of $944.96 million for the quarter, compared to the consensus estimate of $945.53 million. As a group, equities research analysts expect that Cimpress plc will post 4.38 earnings per share for the current year.

Cimpress Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.