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

ArrowMark Colorado Holdings LLC raised its stake in Cimpress plc (NASDAQ:CMPR - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 884,076 shares of the business services provider's stock after buying an additional 203,806 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 3.52% of Cimpress worth $63,406,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. boosted its position in Cimpress by 0.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 43,500 shares of the business services provider's stock worth $3,120,000 after purchasing an additional 200 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cimpress by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider's stock valued at $1,797,000 after acquiring an additional 215 shares during the last quarter. Rhumbline Advisers increased its holdings in Cimpress by 0.9% during the 4th quarter. Rhumbline Advisers now owns 25,381 shares of the business services provider's stock valued at $1,820,000 after acquiring an additional 232 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in Cimpress by 9.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider's stock worth $295,000 after acquiring an additional 341 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Cimpress by 1.3% in the third 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. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Stock Up 2.1 %

Shares of NASDAQ:CMPR traded up $0.86 during midday trading on Thursday, reaching $42.18. The company's stock had a trading volume of 92,571 shares, compared to its average volume of 173,065. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82. The business has a 50 day moving average price of $43.13 and a 200 day moving average price of $61.53. Cimpress plc has a 1 year low of $35.21 and a 1 year high of $104.92.

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

Insiders Place Their Bets

In related news, CFO Sean Edward Quinn bought 5,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were acquired 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 owns 20,224 shares in the company, valued at $839,296. This represents a 32.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 17.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CMPR has been the subject of several research reports. StockNews.com downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday. Truist Financial dropped their price objective on Cimpress from $87.00 to $60.00 and set a "buy" rating for the company in a research report on Monday. Finally, Barrington Research restated an "outperform" rating and issued a $119.00 target price on shares of Cimpress in a report on Wednesday, January 29th.

Cimpress Company Profile

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.