Charles Schwab Investment Management Inc. Sells 26,204 Shares of Cimpress plc $CMPR

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Cimpress plc by 12%, selling 26,204 shares, leaving it with 192,293 shares worth approximately $8.7 million.
• Analysts have mixed views on Cimpress, with Wall Street Zen downgrading it from "buy" to "hold," while Truist Financial set a price target of $74.00 and maintained a "buy" rating.
• Cimpress recently reported a quarterly loss of ($1.02) EPS, significantly missing estimates, despite revenues coming in at $869.48 million, exceeding expectations.

Charles Schwab Investment Management Inc. cut its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 12.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,293 shares of the business services provider's stock after selling 26,204 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.76% of Cimpress worth $8,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMPR. Janus Henderson Group PLC grew its position in Cimpress by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider's stock valued at $218,126,000 after purchasing an additional 194,034 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Cimpress by 55.6% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 921,661 shares of the business services provider's stock valued at $41,687,000 after purchasing an additional 329,466 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in Cimpress by 30.0% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider's stock valued at $63,406,000 after purchasing an additional 203,806 shares during the last quarter. Nuveen Asset Management LLC grew its position in Cimpress by 3.5% during the 4th quarter. Nuveen Asset Management LLC now owns 703,955 shares of the business services provider's stock valued at $50,488,000 after purchasing an additional 24,040 shares during the last quarter. Finally, Northern Trust Corp grew its position in Cimpress by 6.8% during the 4th 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 last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Stock Up 1.0%

CMPR traded up $0.65 during midday trading on Friday, hitting $63.12. 151,642 shares of the company traded hands, compared to its average volume of 210,053. The company's 50-day moving average is $52.40 and its 200 day moving average is $47.16. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $102.22. The firm has a market capitalization of $1.55 billion, a PE ratio of 123.77 and a beta of 1.79.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Cimpress from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Barrington Research upped their target price on shares of Cimpress from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Truist Financial set a $74.00 target price on shares of Cimpress and gave the company a "buy" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus 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.