Mackenzie Financial Corp Increases Stock Holdings in Cimpress plc (NASDAQ:CMPR)

Mackenzie Financial Corp increased its position in Cimpress plc (NASDAQ:CMPR - Free Report) by 103.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,460 shares of the business services provider's stock after buying an additional 10,411 shares during the period. Mackenzie Financial Corp owned 0.08% of Cimpress worth $1,467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMPR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cimpress by 15.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,424 shares of the business services provider's stock valued at $2,182,000 after acquiring an additional 4,004 shares during the last quarter. Squarepoint Ops LLC raised its stake in Cimpress by 74.9% during the fourth quarter. Squarepoint Ops LLC now owns 21,040 shares of the business services provider's stock valued at $1,509,000 after purchasing an additional 9,012 shares in the last quarter. State of Wyoming lifted its position in Cimpress by 32.3% during the fourth quarter. State of Wyoming now owns 4,803 shares of the business services provider's stock valued at $344,000 after purchasing an additional 1,173 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Cimpress by 47.3% in the 4th quarter. ProShare Advisors LLC now owns 4,810 shares of the business services provider's stock worth $345,000 after buying an additional 1,544 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of Cimpress by 10.6% in the 4th quarter. Man Group plc now owns 17,990 shares of the business services provider's stock worth $1,290,000 after buying an additional 1,725 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Cimpress Stock Up 1.0%

Cimpress stock traded up $0.44 during midday trading on Wednesday, reaching $44.99. The stock had a trading volume of 188,790 shares, compared to its average volume of 177,532. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth 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 company has a fifty day moving average of $43.07 and a 200 day moving average of $56.95.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.61 by ($0.94). The firm had revenue of $789.47 million for the quarter, compared to analysts' expectations of $798.02 million. Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Equities research analysts predict that Cimpress plc will post 3.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMPR. Truist Financial reduced their price objective on Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Finally, Barrington Research lowered their price target on Cimpress from $95.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, May 9th.

Insider Activity at Cimpress

In other news, CFO Sean Edward Quinn bought 5,000 shares of Cimpress stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the chief financial officer now owns 20,224 shares of the company's stock, valued at $839,296. This trade represents a 32.84% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.80% of the stock is owned by corporate insiders.

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.