Wedge Capital Management L L P NC Acquires Shares of 29,553 Cimpress plc $CMPR

Key Points

• Wedge Capital Management L L P NC bought a new position of 29,553 shares of Cimpress (NASDAQ:CMPR), valued at about $1.97 million, representing roughly 0.12% of the company.
• Cimpress beat quarterly expectations (EPS $1.95 vs. $1.61 and revenue $1.04B vs. $993.6M) but shows a thin net margin (0.66%) and negative ROE (−4.18%); analysts' consensus is a Moderate Buy with an average target of $97.50.

Wedge Capital Management L L P NC bought a new position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 29,553 shares of the business services provider's stock, valued at approximately $1,968,000. Wedge Capital Management L L P NC owned 0.12% of Cimpress as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Corp bought a new stake in shares of Cimpress during the third quarter valued at approximately $27,000. Allworth Financial LP raised its holdings in Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider's stock worth $33,000 after purchasing an additional 370 shares in the last quarter. Headlands Technologies LLC raised its holdings in Cimpress by 32.3% in the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider's stock worth $46,000 after purchasing an additional 241 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Cimpress during the second quarter valued at $51,000. Finally, Quarry LP purchased a new position in Cimpress during the third quarter valued at $55,000. Institutional investors own 77.64% of the company's stock.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $72.75 on Tuesday. The business has a fifty day moving average price of $73.91 and a 200-day moving average price of $69.99. The company has a market capitalization of $1.77 billion, a PE ratio of 80.83 and a beta of 1.75. Cimpress plc has a 1-year low of $35.21 and a 1-year high of $82.43.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.34. Cimpress had a net margin of 0.66% and a negative return on equity of 4.18%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $993.64 million. On average, sell-side analysts anticipate that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CMPR shares. Zacks Research downgraded shares of Cimpress from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Wall Street Zen raised shares of Cimpress from a "buy" rating to a "strong-buy" rating in a research report on Sunday, March 1st. Truist Financial set a $100.00 price objective on shares of Cimpress in a research note on Friday, January 30th. Weiss Ratings restated a "hold (c-)" rating on shares of Cimpress in a report on Monday, December 29th. Finally, Barrington Research raised their target price on shares of Cimpress from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $97.50.

Cimpress Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.

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