Bank of America Corp DE lessened its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 167,960 shares of the business services provider's stock after selling 43,549 shares during the quarter. Bank of America Corp DE owned 0.67% of Cimpress worth $12,046,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Vestcor Inc purchased a new position in shares of Cimpress during the fourth quarter worth $144,000. Ameriprise Financial Inc. acquired a new stake in Cimpress during the 4th quarter worth $228,000. Prudential Financial Inc. grew its holdings in Cimpress by 36.4% in the 4th quarter. Prudential Financial Inc. now owns 3,707 shares of the business services provider's stock valued at $266,000 after buying an additional 990 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Cimpress in the fourth quarter valued at approximately $287,000. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Cimpress by 9.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,112 shares of the business services provider's stock worth $295,000 after purchasing an additional 341 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.
Cimpress Stock Performance
Shares of CMPR stock traded down $0.53 during trading on Wednesday, hitting $43.35. 23,788 shares of the company were exchanged, compared to its average volume of 174,683. The business's 50-day simple moving average is $43.02 and its 200 day simple moving average is $58.29. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.50 and a beta of 1.82. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $104.92.
Cimpress (NASDAQ:CMPR - Get Free Report) last announced its 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). The business had revenue of $789.47 million for the quarter, compared to the consensus estimate of $798.02 million. Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. On average, equities analysts forecast that Cimpress plc will post 3.69 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on CMPR shares. Truist Financial reduced their price objective on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Barrington Research decreased their price objective on Cimpress from $95.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen cut Cimpress from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.
Read Our Latest Stock Report on CMPR
Insider Transactions at Cimpress
In other news, CFO Sean Edward Quinn acquired 5,000 shares of Cimpress stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $41.50 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 17.80% of the stock is currently owned by insiders.
About Cimpress
(
Free Report)
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.
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