Vanguard Group Inc. Reduces Stock Position in Cimpress plc $CMPR

Key Points

• The Vanguard Group Inc. has reduced its stake in Cimpress plc by 9.5% in the 1st quarter, now owning approximately 6.59% of the company valued at $75 million.
• During the same period, other institutional investors increased their holdings, with Signaturefd LLC growing its stake by 341.6% and new investors like Ethic Inc. acquiring shares valued at $214,000.
• Cimpress stock recently saw a 6.4% increase, with a current market cap of $1.53 billion and a reported earnings miss of ($1.02) per share against a consensus estimate of $0.97.

Vanguard Group Inc. reduced its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,658,833 shares of the business services provider's stock after selling 174,369 shares during the period. Vanguard Group Inc. owned approximately 6.59% of Cimpress worth $75,029,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMPR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cimpress by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider's stock valued at $696,000 after acquiring an additional 267 shares during the last quarter. Signaturefd LLC lifted its position in Cimpress by 341.6% in the 1st quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock valued at $27,000 after acquiring an additional 468 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Cimpress by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,795 shares of the business services provider's stock valued at $262,000 after buying an additional 789 shares during the last quarter. MetLife Investment Management LLC increased its stake in Cimpress by 8.7% in the 4th quarter. MetLife Investment Management LLC now owns 10,388 shares of the business services provider's stock valued at $745,000 after buying an additional 830 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Cimpress by 11.3% during the 4th quarter. Hsbc Holdings PLC now owns 9,806 shares of the business services provider's stock worth $703,000 after purchasing an additional 996 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CMPR shares. Wall Street Zen lowered shares of Cimpress from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Barrington Research lifted their price objective on shares of Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Truist Financial set a $74.00 price objective on shares of Cimpress and gave the stock a "buy" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $72.00.

Cimpress Trading Up 1.0%

CMPR traded up $0.65 during midday trading on Friday, reaching $63.12. The company's stock had a trading volume of 151,642 shares, compared to its average volume of 221,557. The stock's 50-day moving average is $52.40 and its 200-day moving average is $47.23. Cimpress plc has a 1 year low of $35.21 and a 1 year high of $102.22. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 123.77 and a beta of 1.70.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported ($1.02) EPS for the quarter, missing analysts' consensus estimates 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, equities research analysts forecast that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Cimpress 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.