Acadian Asset Management LLC Sells 82,794 Shares of Cimpress plc $CMPR

Key Points

• Acadian Asset Management LLC reduced its stake in Cimpress plc by 16.4% during the first quarter, holding 423,460 shares worth approximately $19.14 million.
• Several institutional investors, including Signaturefd LLC and Ameriprise Financial Inc., have significantly increased their stakes in Cimpress, indicating growing investor interest.
• Cimpress recently received mixed analyst ratings, with Barrington Research setting a price target of $70.00 and a downgrade from Wall Street Zen to a "hold" rating.

Acadian Asset Management LLC lessened its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 16.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 423,460 shares of the business services provider's stock after selling 82,794 shares during the quarter. Acadian Asset Management LLC owned approximately 1.70% of Cimpress worth $19,138,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CMPR. Northern Trust Corp boosted its stake in shares of Cimpress by 6.8% during the fourth quarter. Northern Trust Corp now owns 171,880 shares of the business services provider's stock valued at $12,327,000 after purchasing an additional 10,876 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Cimpress during the fourth quarter valued at approximately $228,000. BNP Paribas Financial Markets purchased a new stake in shares of Cimpress during the fourth quarter valued at approximately $973,000. Deutsche Bank AG boosted its stake in shares of Cimpress by 44.7% during the fourth quarter. Deutsche Bank AG now owns 15,550 shares of the business services provider's stock valued at $1,115,000 after purchasing an additional 4,804 shares during the period. Finally, Ethic Inc. purchased a new stake in shares of Cimpress during the fourth quarter valued at approximately $214,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

Cimpress Trading Up 0.9%

Cimpress stock traded up $0.49 on Monday, hitting $57.59. 362,751 shares of the stock traded hands, compared to its average volume of 236,467. The firm has a market cap of $1.41 billion, a P/E ratio of 112.92 and a beta of 1.79. The business's fifty day simple moving average is $55.17 and its 200 day simple moving average is $47.92. Cimpress plc has a 1 year low of $35.21 and a 1 year high of $86.76.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported ($1.02) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.99). The firm had revenue of $869.48 million for the quarter, compared to analysts' expectations of $844.24 million. Cimpress had a net margin of 0.44% and a negative return on equity of 2.64%. Cimpress has set its FY 2026 guidance at EPS. As a group, analysts predict that Cimpress plc will post 3.69 earnings per share for the current year.

Analysts Set New Price Targets

CMPR has been the subject of a number of analyst reports. Truist Financial set a $74.00 price target on Cimpress and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen lowered Cimpress from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Barrington Research raised their price target on Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Cimpress presently has an average rating of "Buy" and an average price target of $72.00.

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.