First Trust Advisors LP Has $2.24 Million Holdings in Cimpress plc (NASDAQ:CMPR)

First Trust Advisors LP reduced its position in Cimpress plc (NASDAQ:CMPR - Free Report) by 29.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,165 shares of the business services provider's stock after selling 12,922 shares during the period. First Trust Advisors LP owned 0.12% of Cimpress worth $2,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vestcor Inc acquired a new stake in Cimpress in the fourth quarter worth about $144,000. Mayfair Advisory Group LLC acquired a new stake in shares of Cimpress during the 4th quarter worth approximately $204,000. Pallas Capital Advisors LLC acquired a new stake in shares of Cimpress during the 4th quarter worth approximately $263,000. Prudential Financial Inc. lifted its holdings in Cimpress by 36.4% in the fourth quarter. Prudential Financial Inc. now owns 3,707 shares of the business services provider's stock valued at $266,000 after buying an additional 990 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Cimpress in the fourth quarter valued at approximately $287,000. Institutional investors own 77.64% of the company's stock.

Insider Activity at Cimpress

In related news, CFO Sean Edward Quinn acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $41.50 per share, with a total value of $207,500.00. Following the transaction, the chief financial officer now owns 20,224 shares of the company's stock, valued at $839,296. The trade was a 32.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CMPR. StockNews.com cut shares of Cimpress from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Truist Financial cut their target price on Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Barrington Research decreased 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.

Cimpress Price Performance

Shares of NASDAQ CMPR traded up $1.32 during midday trading on Friday, reaching $43.68. 229,836 shares of the stock were exchanged, compared to its average volume of 174,445. Cimpress plc has a 12 month low of $35.21 and a 12 month high of $104.92. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.50 and a beta of 1.82. The business has a 50-day simple moving average of $43.04 and a two-hundred day simple moving average of $60.94.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share 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 business had revenue of $789.47 million for the quarter, compared to the consensus estimate of $798.02 million. Equities research analysts expect that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Cimpress 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.