Vanguard Group Inc. Has $104.43 Million Stake in Cimpress plc $CMPR

Vanguard Group Inc. lessened its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 5.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,656,556 shares of the business services provider’s stock after selling 103,517 shares during the period. Vanguard Group Inc. owned 6.71% of Cimpress worth $104,429,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CMPR. Headlands Technologies LLC boosted its holdings in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after buying an additional 241 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cimpress by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after acquiring an additional 282 shares during the last quarter. First Horizon Corp acquired a new position in Cimpress during the third quarter valued at approximately $27,000. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Cimpress by 7.4% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,717 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 463 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Cimpress by 8.2% during the second quarter. PNC Financial Services Group Inc. now owns 6,273 shares of the business services provider’s stock worth $295,000 after purchasing an additional 478 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Stock Performance

CMPR opened at $70.20 on Thursday. The business’s 50-day simple moving average is $74.18 and its 200 day simple moving average is $68.66. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $82.43. The firm has a market capitalization of $1.70 billion, a PE ratio of 78.00 and a beta of 1.75.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.34. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.64 million. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%. On average, research analysts forecast that Cimpress plc will post 3.69 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Barrington Research boosted their price objective on Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Zacks Research lowered shares of Cimpress from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Truist Financial set a $100.00 price objective on shares of Cimpress in a research report on Friday, January 30th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.50.

Cimpress Company 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.