New York State Common Retirement Fund Acquires 18,000 Shares of Cimpress plc (NASDAQ:CMPR)

New York State Common Retirement Fund grew its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 104.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,152 shares of the business services provider's stock after acquiring an additional 18,000 shares during the quarter. New York State Common Retirement Fund owned 0.14% of Cimpress worth $1,590,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Cimpress by 30.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider's stock valued at $63,406,000 after purchasing an additional 203,806 shares in the last quarter. Janus Henderson Group PLC raised its stake in Cimpress by 6.8% in the fourth 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. Millennium Management LLC grew its position in shares of Cimpress by 331.9% in the fourth quarter. Millennium Management LLC now owns 110,872 shares of the business services provider's stock valued at $7,952,000 after purchasing an additional 85,201 shares during the last quarter. Norges Bank acquired a new stake in shares of Cimpress in the 4th quarter valued at $3,544,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Cimpress by 169.9% in the 4th quarter. JPMorgan Chase & Co. now owns 59,209 shares of the business services provider's stock valued at $4,246,000 after acquiring an additional 37,272 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Trading Down 0.0%

CMPR traded down $0.01 during midday trading on Friday, reaching $48.46. The company's stock had a trading volume of 165,850 shares, compared to its average volume of 286,523. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.27 and a beta of 1.77. Cimpress plc has a 1 year low of $35.21 and a 1 year high of $104.92. The stock's 50-day moving average is $45.54 and its 200-day moving average is $48.99.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.94). Cimpress had a net margin of 4.61% and a negative return on equity of 27.85%. The firm had revenue of $789.47 million for the quarter, compared to analysts' expectations of $798.02 million. As a group, equities research analysts forecast that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.