Cimpress plc $CMPR Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in Cimpress plc (NASDAQ:CMPR) by 6.7% in the second quarter, Holdings Channel reports. The firm owned 228,078 shares of the business services provider’s stock after purchasing an additional 14,306 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Cimpress were worth $10,720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cimpress by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after buying an additional 282 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Cimpress by 7.4% during the 2nd 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 during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Cimpress by 8.2% in the second quarter. PNC Financial Services Group Inc. now owns 6,273 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 478 shares during the period. Mayfair Advisory Group LLC increased its holdings in shares of Cimpress by 13.7% in the second quarter. Mayfair Advisory Group LLC now owns 5,502 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 663 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of Cimpress in the first quarter worth about $32,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Transactions at Cimpress

In other Cimpress news, EVP Sean Edward Quinn purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $62.79 per share, for a total transaction of $251,160.00. Following the purchase, the executive vice president directly owned 36,484 shares in the company, valued at approximately $2,290,830.36. This trade represents a 12.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maarten Wensveen sold 22,830 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.36, for a total value of $1,560,658.80. Following the completion of the transaction, the executive vice president directly owned 20,587 shares of the company’s stock, valued at $1,407,327.32. The trade was a 52.58% decrease in their position. The SEC filing for this sale provides additional information. 10.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMPR. Wall Street Zen upgraded shares of Cimpress from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Citigroup reaffirmed an “outperform” rating on shares of Cimpress in a report on Wednesday, October 1st. Truist Financial increased their price objective on shares of Cimpress from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a report on Monday. Finally, Barrington Research upped their price target on shares of Cimpress from $77.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cimpress has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Cimpress Price Performance

CMPR opened at $72.31 on Wednesday. The firm has a fifty day moving average price of $66.63 and a 200 day moving average price of $57.70. Cimpress plc has a 1 year low of $35.21 and a 1 year high of $85.09. The stock has a market cap of $1.78 billion, a P/E ratio of 55.20 and a beta of 1.72.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $863.28 million for the quarter, compared to analyst estimates of $839.42 million. Cimpress had a net margin of 1.02% and a negative return on equity of 6.21%. Equities analysts expect that Cimpress plc will post 3.69 EPS for the current 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.