SG Americas Securities LLC Reduces Holdings in Cimpress plc $CMPR

SG Americas Securities LLC reduced its stake in shares of Cimpress plc (NASDAQ:CMPR) by 61.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 16,428 shares of the business services provider’s stock after selling 26,240 shares during the quarter. SG Americas Securities LLC’s holdings in Cimpress were worth $1,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 370 shares in the last quarter. Headlands Technologies LLC increased its position in shares of 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 purchasing an additional 241 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cimpress during the second quarter worth about $51,000. Quarry LP acquired a new stake in shares of Cimpress during the third quarter worth about $55,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Cimpress in the 4th quarter valued at about $66,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cimpress

In other Cimpress news, EVP Maarten Wensveen sold 19,251 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the sale, the executive vice president directly owned 19,674 shares of the company’s stock, valued at $1,828,895.04. This represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Edward Quinn sold 5,009 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $104.22, for a total value of $522,037.98. Following the sale, the executive vice president directly owned 28,937 shares of the company’s stock, valued at $3,015,814.14. The trade was a 14.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 47,240 shares of company stock valued at $4,715,549. 10.20% of the stock is owned by company insiders.

Cimpress Stock Performance

NASDAQ CMPR opened at $97.62 on Friday. The firm’s fifty day moving average is $92.72 and its two-hundred day moving average is $80.69. Cimpress plc has a one year low of $42.08 and a one year high of $106.13. The firm has a market cap of $2.37 billion, a PE ratio of 54.84 and a beta of 1.79.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, April 29th. The business services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.40. Cimpress had a net margin of 1.24% and a negative return on equity of 8.25%. The business had revenue of $886.21 million during the quarter, compared to the consensus estimate of $858.80 million. Research analysts predict that Cimpress plc will post 3.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMPR has been the subject of a number of research analyst reports. Barrington Research upped their target price on Cimpress from $95.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Truist Financial set a $110.00 price objective on Cimpress in a research note on Friday, May 1st. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 14th. Finally, Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $111.50.

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.