Nuveen Asset Management LLC Purchases 24,040 Shares of Cimpress plc (NASDAQ:CMPR)

Nuveen Asset Management LLC increased its holdings in Cimpress plc (NASDAQ:CMPR - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 703,955 shares of the business services provider's stock after acquiring an additional 24,040 shares during the quarter. Nuveen Asset Management LLC owned approximately 2.80% of Cimpress worth $50,488,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CMPR. Vestcor Inc acquired a new stake in shares of Cimpress in the 4th quarter worth $144,000. Ethic Inc. purchased a new position in Cimpress in the fourth quarter worth $214,000. Ameriprise Financial Inc. acquired a new stake in Cimpress in the fourth quarter valued at $228,000. Prudential Financial Inc. boosted its stake in Cimpress by 36.4% in the 4th quarter. Prudential Financial Inc. now owns 3,707 shares of the business services provider's stock worth $266,000 after buying an additional 990 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Cimpress in the 4th quarter valued at about $287,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Price Performance

Shares of CMPR traded down $0.83 during mid-day trading on Friday, reaching $42.23. The company had a trading volume of 176,384 shares, compared to its average volume of 175,033. The company has a market capitalization of $1.05 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.50 and a beta of 1.82. The company's 50-day moving average is $43.09 and its 200-day moving average is $58.65. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $104.92.

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

Insider Buying and Selling at Cimpress

In related news, CFO Sean Edward Quinn purchased 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, with a total value of $207,500.00. Following 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 is accessible through this hyperlink. Company insiders own 17.80% of the company's stock.

Analyst Ratings Changes

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

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.