Cimpress plc (NASDAQ:CMPR) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its holdings in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 884,076 shares of the business services provider's stock after purchasing an additional 203,806 shares during the period. ArrowMark Colorado Holdings LLC owned 3.52% of Cimpress worth $63,406,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its stake in Cimpress by 70.3% during the third quarter. Barclays PLC now owns 63,825 shares of the business services provider's stock valued at $5,229,000 after buying an additional 26,342 shares during the last quarter. Franklin Resources Inc. increased its stake in Cimpress by 1.3% during the 3rd quarter. Franklin Resources Inc. now owns 30,833 shares of the business services provider's stock valued at $2,524,000 after purchasing an additional 400 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Cimpress by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider's stock worth $1,797,000 after buying an additional 215 shares during the last quarter. Diversified Trust Co lifted its position in Cimpress by 11.3% in the 4th quarter. Diversified Trust Co now owns 5,389 shares of the business services provider's stock valued at $386,000 after acquiring an additional 549 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of Cimpress during the fourth quarter valued at $263,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMPR has been the topic of a number of research reports. Truist Financial dropped their price target on Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday. StockNews.com lowered shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, Barrington Research restated an "outperform" rating and set a $119.00 target price on shares of Cimpress in a research report on Wednesday, January 29th.

Insiders Place Their Bets

In other Cimpress news, CFO Sean Edward Quinn bought 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, for a total transaction of $207,500.00. Following the acquisition, the chief financial officer now directly owns 20,224 shares in the company, valued at approximately $839,296. The trade was a 32.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 17.80% of the stock is owned by insiders.

Cimpress Stock Performance

Shares of Cimpress stock traded down $0.03 on Tuesday, hitting $40.07. 162,510 shares of the company traded hands, compared to its average volume of 172,630. The business has a 50-day simple moving average of $43.41 and a 200 day simple moving average of $61.82. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $104.92. The stock has a market capitalization of $1.01 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. The business had revenue of $789.47 million during the quarter, compared to the consensus estimate of $798.02 million. Research analysts expect that Cimpress plc will post 3.69 earnings per share for the current 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.