First Trust Advisors LP Cuts Stock Holdings in Cimpress plc (NASDAQ:CMPR)

First Trust Advisors LP reduced its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Cimpress by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,833,202 shares of the business services provider's stock worth $131,477,000 after purchasing an additional 13,988 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Cimpress by 31.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider's stock worth $42,472,000 after buying an additional 141,942 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Cimpress by 1.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 236,941 shares of the business services provider's stock valued at $16,993,000 after acquiring an additional 2,988 shares during the last quarter. Hantz Financial Services Inc. increased 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Cimpress by 39.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider's stock valued at $9,806,000 after purchasing an additional 38,402 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating for the company in a research note on Monday. Barrington Research reaffirmed an "outperform" rating and issued a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th. Finally, StockNews.com cut Cimpress from a "strong-buy" rating to a "buy" rating in a report on Monday.

Insider Activity at Cimpress

In other news, CFO Sean Edward Quinn bought 5,000 shares of Cimpress stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost 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 approximately $839,296. This trade represents a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 17.80% of the company's stock.

Cimpress Stock Performance

CMPR stock traded up $1.09 during mid-day trading on Thursday, reaching $42.41. The company had a trading volume of 251,073 shares, compared to its average volume of 173,686. Cimpress plc has a fifty-two week low of $35.21 and a fifty-two week high of $104.92. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82. The firm has a fifty day simple moving average of $43.13 and a 200 day simple moving average of $61.53.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $789.47 million during the quarter, compared to analysts' expectations 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 predict that Cimpress plc will post 3.69 earnings per share for the current 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.