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

Nuveen Asset Management LLC lifted its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 703,955 shares of the business services provider's stock after purchasing an additional 24,040 shares during the quarter. Nuveen Asset Management LLC owned about 2.80% of Cimpress worth $50,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in Cimpress by 8.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider's stock worth $7,178,000 after acquiring an additional 7,535 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Cimpress by 9.1% during the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock worth $11,403,000 after acquiring an additional 13,297 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Cimpress by 118.8% in the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider's stock worth $563,000 after acquiring an additional 4,261 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Cimpress by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider's stock worth $1,797,000 after acquiring an additional 215 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Cimpress by 6.8% in the fourth quarter. Northern Trust Corp now owns 171,880 shares of the business services provider's stock worth $12,327,000 after acquiring an additional 10,876 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CFO Sean Edward Quinn acquired 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 completion of the transaction, the chief financial officer now directly owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.80% of the company's stock.

Cimpress Stock Up 0.6%

Shares of NASDAQ CMPR traded up $0.24 during midday trading on Thursday, hitting $43.06. The stock had a trading volume of 219,496 shares, compared to its average volume of 174,619. The business's 50 day moving average is $43.14 and its 200-day moving average is $59.19. The company has a market cap of $1.07 billion, a P/E ratio of 7.13, a PEG 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.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.94). The business had revenue of $789.47 million for 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, analysts expect that Cimpress plc will post 3.69 EPS 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.