Cimpress plc $CMPR Shares Sold by Amundi

Amundi lessened its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 58.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,886 shares of the business services provider's stock after selling 21,367 shares during the quarter. Amundi owned about 0.06% of Cimpress worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Cimpress by 27.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider's stock worth $60,000 after purchasing an additional 177 shares during the period. California State Teachers Retirement System raised its holdings in shares of Cimpress by 18.4% in the first quarter. California State Teachers Retirement System now owns 17,049 shares of the business services provider's stock valued at $1,245,000 after buying an additional 2,648 shares during the last quarter. Rubric Capital Management LP raised its holdings in shares of Cimpress by 6.8% in the first quarter. Rubric Capital Management LP now owns 1,629,419 shares of the business services provider's stock valued at $118,948,000 after buying an additional 104,419 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Cimpress by 2.7% during the first quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider's stock worth $523,000 after buying an additional 189 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Cimpress by 19.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 329,805 shares of the business services provider's stock worth $24,076,000 after buying an additional 54,341 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Cimpress Trading Down 1.2%

Shares of Cimpress stock opened at $95.35 on Friday. The company has a 50-day moving average of $95.70 and a two-hundred day moving average of $85.35. Cimpress plc has a 12-month low of $54.34 and a 12-month high of $106.57. The stock has a market cap of $2.31 billion, a PE ratio of 25.29 and a beta of 1.80.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). Cimpress had a negative return on equity of 18.24% and a net margin of 2.57%.The firm had revenue of $944.96 million for the quarter, compared to analysts' expectations of $945.53 million. On average, sell-side analysts forecast that Cimpress plc will post 4.51 EPS for the current fiscal year.

Insider Buying and Selling

In other Cimpress news, EVP Sean Edward Quinn sold 5,009 shares of the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $104.22, for a total transaction of $522,037.98. Following the completion of the transaction, the executive vice president directly owned 28,937 shares in the company, valued at approximately $3,015,814.14. This trade represents a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CMPR. Zacks Research upgraded Cimpress from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Cimpress in a research report on Friday, July 24th. Truist Financial dropped their price objective on shares of Cimpress from $110.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Finally, Barrington Research boosted their price objective on shares of Cimpress from $95.00 to $113.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Cimpress currently has an average rating of "Buy" and a consensus price target of $110.50.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.

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