Vestcor Inc Makes New Investment in Cimpress plc (NASDAQ:CMPR)

Vestcor Inc purchased a new position in Cimpress plc (NASDAQ:CMPR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,006 shares of the business services provider’s stock, valued at approximately $144,000.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cimpress by 54.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock worth $2,164,000 after acquiring an additional 9,324 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Cimpress by 9.1% in the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock worth $11,403,000 after purchasing an additional 13,297 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Cimpress by 118.8% in the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock worth $563,000 after purchasing an additional 4,261 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Cimpress by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider’s stock worth $7,178,000 after purchasing an additional 7,535 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its stake in shares of Cimpress by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock worth $7,918,000 after purchasing an additional 7,100 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Trading Up 0.0 %

Shares of CMPR stock opened at $45.08 on Wednesday. The stock has a 50 day moving average of $57.81 and a 200 day moving average of $72.03. The stock has a market cap of $1.13 billion, a P/E ratio of 7.46, a P/E/G ratio of 0.50 and a beta of 2.22. Cimpress plc has a twelve month low of $41.24 and a twelve month high of $104.92.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. On average, research analysts predict that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other Cimpress news, CFO Sean Edward Quinn acquired 5,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $41.50 per share, with a total value of $207,500.00. Following the completion of the acquisition, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barrington Research restated an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Finally, Truist Financial reduced their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research note on Friday, January 31st.

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.