Connor Clark & Lunn Investment Management Ltd. Has $8.06 Million Stake in Cimpress plc (NASDAQ:CMPR)

Connor Clark & Lunn Investment Management Ltd. increased its position in Cimpress plc (NASDAQ:CMPR) by 42.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,322 shares of the business services provider’s stock after purchasing an additional 29,484 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.39% of Cimpress worth $8,055,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Cimpress by 5.3% in the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after purchasing an additional 91,543 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Cimpress by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock worth $44,909,000 after buying an additional 4,441 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Cimpress by 6.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after buying an additional 26,727 shares during the last quarter. Acadian Asset Management LLC raised its position in Cimpress by 11.0% in the 2nd quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider’s stock valued at $34,776,000 after buying an additional 39,438 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Cimpress by 9,821.4% during the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock valued at $13,838,000 after acquiring an additional 154,785 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Transactions at Cimpress

In other Cimpress news, CEO Robert S. Keane sold 45,310 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total transaction of $4,489,767.90. Following the completion of the transaction, the chief executive officer now directly owns 1,012,890 shares of the company’s stock, valued at approximately $100,367,270.10. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sean Edward Quinn sold 24,093 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total value of $2,372,678.64. The disclosure for this sale can be found here. Insiders sold a total of 69,799 shares of company stock worth $6,901,076 in the last quarter. Insiders own 17.80% of the company’s stock.

Wall Street Analyst Weigh In

CMPR has been the subject of several analyst reports. StockNews.com downgraded shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Truist Financial decreased their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Barrington Research lifted their target price on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th.

Cimpress Price Performance

Shares of Cimpress stock opened at $81.33 on Friday. The firm has a market cap of $2.05 billion, a PE ratio of 13.97, a P/E/G ratio of 0.66 and a beta of 2.05. Cimpress plc has a 1 year low of $58.05 and a 1 year high of $104.92. The stock has a fifty day moving average price of $79.63 and a 200-day moving average price of $84.94.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The company had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same quarter last year, the business posted $0.17 EPS. As a group, equities analysts anticipate that Cimpress plc will post 4.3 EPS for the current fiscal year.

About Cimpress

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.