Wasatch Advisors LP Invests $47.55 Million in Cimpress plc $CMPR

Wasatch Advisors LP purchased a new position in shares of Cimpress plc (NASDAQ:CMPR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 467,499 shares of the business services provider’s stock, valued at approximately $47,545,000. Wasatch Advisors LP owned approximately 1.93% of Cimpress as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CMPR. Amundi boosted its holdings in Cimpress by 73.5% in the 1st quarter. Amundi now owns 7,385 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 3,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cimpress by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,992 shares of the business services provider’s stock worth $452,000 after purchasing an additional 282 shares during the period. Legal & General Group Plc raised its stake in shares of Cimpress by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 18,483 shares of the business services provider’s stock worth $869,000 after buying an additional 751 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Cimpress during the 2nd quarter worth approximately $211,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Cimpress by 15.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,218 shares of the business services provider’s stock valued at $520,000 after buying an additional 1,492 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cimpress news, EVP Sean Edward Quinn sold 5,009 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $104.22, for a total value of $522,037.98. Following the sale, the executive vice president owned 28,937 shares of the company’s stock, valued at approximately $3,015,814.14. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.20% of the company’s stock.

Cimpress Trading Up 0.8%

CMPR stock opened at $95.38 on Wednesday. The firm has a 50 day moving average of $95.58 and a 200-day moving average of $85.63. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 25.30 and a beta of 1.80. Cimpress plc has a 12-month low of $54.34 and a 12-month high of $106.57.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.25). Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%.The firm had revenue of $944.96 million during the quarter, compared to analyst estimates of $945.53 million. Sell-side analysts forecast that Cimpress plc will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMPR has been the topic of a number of analyst reports. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cimpress in a research report on Friday, July 24th. Truist Financial reduced their target price on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 31st. Barrington Research set a $121.00 target price on shares of Cimpress in a research report on Tuesday. Finally, Wall Street Zen cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Cimpress currently has an average rating of “Buy” and an average target price of $114.50.

Cimpress 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.