Raymond James Financial Services Advisors Inc. Trims Position in Cimpress plc (NASDAQ:CMPR)

Raymond James Financial Services Advisors Inc. decreased its stake in shares of Cimpress plc (NASDAQ:CMPR) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,302 shares of the business services provider’s stock after selling 370 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Cimpress were worth $264,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Cimpress during the third quarter valued at $88,000. Contravisory Investment Management Inc. purchased a new position in Cimpress during the 4th quarter valued at about $185,000. Crestwood Advisors Group LLC bought a new stake in shares of Cimpress in the 3rd quarter valued at about $210,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Cimpress in the 3rd quarter worth approximately $240,000. Finally, Graham Capital Management L.P. lifted its position in shares of Cimpress by 22.7% in the 3rd quarter. Graham Capital Management L.P. now owns 5,358 shares of the business services provider’s stock worth $375,000 after purchasing an additional 992 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CMPR shares. Truist Financial boosted their price objective on shares of Cimpress from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Barrington Research upped their price objective on Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th.

Insiders Place Their Bets

In related news, CEO Florian Baumgartner sold 4,432 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $92.24, for a total value of $408,807.68. Following the transaction, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at approximately $2,749,120.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Sean Edward Quinn sold 6,959 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $90.00, for a total value of $626,310.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Florian Baumgartner sold 4,432 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $92.24, for a total transaction of $408,807.68. Following the transaction, the chief executive officer now directly owns 29,804 shares of the company’s stock, valued at approximately $2,749,120.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,841 shares of company stock valued at $2,656,348. Insiders own 17.90% of the company’s stock.

Cimpress Stock Performance

Shares of NASDAQ CMPR opened at $90.90 on Wednesday. Cimpress plc has a fifty-two week low of $42.78 and a fifty-two week high of $100.01. The company has a market cap of $2.42 billion, a PE ratio of 60.20, a P/E/G ratio of 1.15 and a beta of 1.97. The business has a 50-day simple moving average of $91.48 and a two-hundred day simple moving average of $79.47.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 31st. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.90. The company had revenue of $921.36 million during the quarter, compared to analysts’ expectations of $901.13 million. Cimpress had a net margin of 1.31% and a negative return on equity of 10.76%. On average, sell-side analysts predict that Cimpress plc will post 3.16 earnings per share for the current fiscal year.

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.