Cimpress plc (NASDAQ:CMPR) Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management Inc. reduced its holdings in Cimpress plc by 24.4%, owning 25,838 shares after selling 8,346 shares during the 1st quarter.
• Cimpress plc's stock price decreased by 3.8% to $53.19, with trading volumes significantly higher than its average.
• Several institutional investors have recently increased their stakes, including JPMorgan Chase & Co., which boosted its stake by 169.9%.

Envestnet Asset Management Inc. trimmed its stake in Cimpress plc (NASDAQ:CMPR - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,838 shares of the business services provider's stock after selling 8,346 shares during the period. Envestnet Asset Management Inc. owned about 0.10% of Cimpress worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in 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 period. Vanguard Group Inc. boosted its position in Cimpress by 0.8% in the 4th 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 boosted its position in 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 during the period. Nuveen Asset Management LLC lifted its position in shares of Cimpress by 3.5% in the 4th quarter. Nuveen Asset Management LLC now owns 703,955 shares of the business services provider's stock worth $50,488,000 after purchasing an additional 24,040 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 worth $16,993,000 after purchasing an additional 2,988 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CMPR shares. Barrington Research upped their price target on shares of Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday. Truist Financial set a $74.00 price target on shares of Cimpress and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Cimpress from a "hold" rating to a "buy" rating in a research report on Saturday.

Cimpress Stock Up 3.7%

Shares of NASDAQ CMPR traded up $2.01 during trading hours on Tuesday, hitting $55.89. 99,451 shares of the stock were exchanged, compared to its average volume of 240,379. The company has a market cap of $1.39 billion, a PE ratio of 109.53 and a beta of 1.70. The firm has a fifty day moving average price of $46.68 and a 200-day moving average price of $47.91. Cimpress plc has a 12 month low of $35.21 and a 12 month high of $102.22.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($1.99). Cimpress had a net margin of 0.44% and a negative return on equity of 2.67%. The company had revenue of $869.48 million for the quarter, compared to analyst estimates of $844.24 million. As a group, equities analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

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.