JPMorgan Chase & Co. Has $2.40 Million Stake in Cimpress plc $CMPR

JPMorgan Chase & Co. raised its stake in Cimpress plc (NASDAQ:CMPR) by 77.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,989 shares of the business services provider’s stock after acquiring an additional 16,624 shares during the quarter. JPMorgan Chase & Co.’s holdings in Cimpress were worth $2,395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Cimpress by 66.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,258,040 shares of the business services provider’s stock worth $79,307,000 after acquiring an additional 503,849 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Cimpress in the second quarter worth about $1,385,000. SG Americas Securities LLC bought a new position in shares of Cimpress in the third quarter worth about $979,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cimpress by 6.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 228,078 shares of the business services provider’s stock worth $10,720,000 after acquiring an additional 14,306 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of Cimpress by 38.9% in the third quarter. Pallas Capital Advisors LLC now owns 34,283 shares of the business services provider’s stock worth $2,161,000 after acquiring an additional 9,607 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

CMPR has been the subject of a number of research reports. Zacks Research cut shares of Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 1st. Truist Financial set a $100.00 target price on shares of Cimpress in a report on Friday, January 30th. 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 report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. 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.com, the company has an average rating of “Moderate Buy” and an average price target of $97.50.

Cimpress Stock Performance

NASDAQ:CMPR opened at $73.87 on Tuesday. The company has a market capitalization of $1.79 billion, a PE ratio of 82.08 and a beta of 1.71. The company has a 50 day simple moving average of $73.40 and a two-hundred day simple moving average of $70.46. Cimpress plc has a fifty-two week low of $35.21 and a fifty-two week high of $82.43.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.34. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $993.64 million. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. Research analysts predict that Cimpress plc will post 3.69 EPS for the current 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.