Cimpress plc $CMPR Stake Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in shares of Cimpress plc (NASDAQ:CMPR) by 45.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,322 shares of the business services provider’s stock after selling 15,830 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Cimpress worth $1,218,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Cimpress during the third quarter valued at approximately $80,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Cimpress during the 3rd quarter valued at $261,000. Olympiad Research LP purchased a new stake in shares of Cimpress in the third quarter valued at $238,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Cimpress by 33.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,159 shares of the business services provider’s stock valued at $766,000 after purchasing an additional 3,024 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Cimpress in the third quarter worth $27,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Stock Up 1.8%

NASDAQ CMPR opened at $76.97 on Tuesday. The stock has a market capitalization of $1.87 billion, a PE ratio of 85.52 and a beta of 1.75. The company has a 50 day moving average price of $74.16 and a two-hundred day moving average price of $66.62. Cimpress plc has a 12-month low of $35.21 and a 12-month high of $82.43.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Truist Financial set a $100.00 target price on Cimpress in a report on Friday, January 30th. Wall Street Zen upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research report on Monday, December 29th. Finally, Barrington Research increased their target price on shares of Cimpress from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. One investment 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’s stock. According to data from MarketBeat, Cimpress has an average rating of “Buy” and an average price target of $97.50.

About Cimpress

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.