Millennium Management LLC Acquires 85,201 Shares of Cimpress plc (NASDAQ:CMPR)

Millennium Management LLC lifted its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 331.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,872 shares of the business services provider's stock after acquiring an additional 85,201 shares during the period. Millennium Management LLC owned approximately 0.44% of Cimpress worth $7,952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in shares of Cimpress by 6.8% in 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 buying an additional 194,034 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Cimpress by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,833,202 shares of the business services provider's stock valued at $131,477,000 after buying an additional 13,988 shares during the period. ArrowMark Colorado Holdings LLC raised its position in shares of Cimpress by 30.0% in 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 buying an additional 203,806 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Cimpress by 31.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider's stock worth $42,472,000 after buying an additional 141,942 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Cimpress by 1.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 236,941 shares of the business services provider's stock valued at $16,993,000 after purchasing an additional 2,988 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CMPR shares. Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Barrington Research lowered their price objective on Cimpress from $95.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, Truist Financial reduced their target price on Cimpress from $87.00 to $60.00 and set a "buy" rating for the company in a report on Monday, May 5th.

Cimpress Stock Up 1.3%

NASDAQ:CMPR traded up $0.57 during midday trading on Friday, hitting $44.63. The company had a trading volume of 30,927 shares, compared to its average volume of 175,522. The company has a market capitalization of $1.11 billion, a PE ratio of 7.39, a P/E/G ratio of 0.50 and a beta of 1.82. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $104.92. The stock's fifty day moving average price is $43.03 and its 200-day moving average price is $57.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly 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 company had revenue of $789.47 million during 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%. As a group, research analysts forecast that Cimpress plc will post 3.69 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Sean Edward Quinn bought 5,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. 17.80% of the stock is currently owned by corporate insiders.

About Cimpress

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.