Headlands Technologies LLC Takes Position in Cimpress plc $CMPR

Headlands Technologies LLC acquired a new position in shares of Cimpress plc (NASDAQ:CMPR) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 7,516 shares of the business services provider’s stock, valued at approximately $764,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Amundi raised its stake in Cimpress by 73.5% during the 1st quarter. Amundi now owns 7,385 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 3,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cimpress by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock valued at $452,000 after purchasing an additional 282 shares during the period. Legal & General Group Plc raised its stake in shares of Cimpress by 4.2% during the second quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock valued at $869,000 after purchasing an additional 751 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Cimpress in the second quarter worth about $211,000. Finally, Hsbc Holdings PLC grew its position in Cimpress by 15.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock valued at $520,000 after buying an additional 1,492 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barrington Research set a $121.00 price target on shares of Cimpress in a research report on Tuesday, August 11th. Zacks Research downgraded Cimpress from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Truist Financial reduced their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Wall Street Zen cut shares of Cimpress from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.50.

Insider Activity at Cimpress

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

Cimpress Stock Performance

Shares of CMPR opened at $88.03 on Wednesday. The company’s 50 day moving average price is $95.89 and its 200 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 company has a market capitalization of $2.14 billion, a PE ratio of 23.35 and a beta of 1.80.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.97 earnings per share 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 during the quarter, compared to analyst estimates of $945.53 million. On average, equities analysts forecast that Cimpress plc will post 4.38 earnings per share for the current fiscal year.

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.