BNP Paribas Financial Markets Takes $973,000 Position in Cimpress plc (NASDAQ:CMPR)

BNP Paribas Financial Markets bought a new stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,573 shares of the business services provider's stock, valued at approximately $973,000. BNP Paribas Financial Markets owned about 0.05% of Cimpress as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in shares of Cimpress by 8.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider's stock valued at $7,178,000 after buying an additional 7,535 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Cimpress by 9.1% during the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock worth $11,403,000 after purchasing an additional 13,297 shares during the period. SG Americas Securities LLC increased its holdings in Cimpress by 118.8% during the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider's stock worth $563,000 after purchasing an additional 4,261 shares during the period. JPMorgan Chase & Co. increased its holdings in Cimpress by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider's stock worth $1,797,000 after purchasing an additional 215 shares during the period. Finally, Northern Trust Corp increased its holdings in Cimpress by 6.8% during the 4th quarter. Northern Trust Corp now owns 171,880 shares of the business services provider's stock worth $12,327,000 after purchasing an additional 10,876 shares during the period. Institutional investors own 77.64% of the company's stock.

Cimpress Trading Down 1.9%

Shares of NASDAQ:CMPR traded down $0.83 on Monday, reaching $42.23. The company had a trading volume of 176,384 shares, compared to its average volume of 175,033. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $104.92. The firm's 50 day simple moving average is $43.03 and its 200-day simple moving average is $58.39. The firm has a market capitalization of $1.05 billion, a PE ratio of 6.99, a PEG 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.94). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. The company had revenue of $789.47 million during the quarter, compared to analysts' expectations of $798.02 million. As a group, equities research 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 topic of several research reports. Barrington Research reduced 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. Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Finally, Truist Financial reduced their price objective on Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, May 5th.

Insider Activity

In related news, CFO Sean Edward Quinn purchased 5,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $839,296. The trade was a 32.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 17.80% of the company's stock.

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.