Allspring Global Investments Holdings LLC Sells 19,354 Shares of Cimpress plc (NASDAQ:CMPR)

Allspring Global Investments Holdings LLC decreased its position in Cimpress plc (NASDAQ:CMPR - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,038 shares of the business services provider's stock after selling 19,354 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.32% of Cimpress worth $6,727,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CMPR. Vanguard Group Inc. increased its holdings in shares of Cimpress by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,630,573 shares of the business services provider's stock valued at $114,156,000 after acquiring an additional 6,048 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Cimpress by 11.2% during the first quarter. Thrivent Financial for Lutherans now owns 1,311,755 shares of the business services provider's stock valued at $57,481,000 after acquiring an additional 131,763 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Cimpress by 6.2% during the second quarter. BlackRock Inc. now owns 1,307,219 shares of the business services provider's stock valued at $77,753,000 after acquiring an additional 76,178 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Cimpress by 16.4% during the second quarter. Nuveen Asset Management LLC now owns 638,249 shares of the business services provider's stock valued at $37,963,000 after acquiring an additional 89,943 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cimpress by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 461,927 shares of the business services provider's stock valued at $29,375,000 after acquiring an additional 7,162 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Insiders Place Their Bets

In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $89.97, for a total value of $511,299.51. Following the transaction, the chief executive officer now directly owns 33,793 shares of the company's stock, valued at $3,040,356.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Sean Edward Quinn sold 6,959 shares of Cimpress stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $90.00, for a total transaction of $626,310.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Florian Baumgartner sold 5,683 shares of Cimpress stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $89.97, for a total value of $511,299.51. Following the transaction, the chief executive officer now directly owns 33,793 shares in the company, valued at $3,040,356.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,841 shares of company stock valued at $2,656,348. Insiders own 17.90% of the company's stock.

Cimpress Price Performance

Shares of Cimpress stock traded down $1.23 during trading on Friday, hitting $87.10. 173,213 shares of the company's stock traded hands, compared to its average volume of 158,208. Cimpress plc has a 1 year low of $42.78 and a 1 year high of $100.01. The stock has a market capitalization of $2.32 billion, a P/E ratio of 57.68, a PEG ratio of 1.19 and a beta of 1.97. The business has a 50-day simple moving average of $91.40 and a 200-day simple moving average of $79.01.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $1.24 by $0.90. The company had revenue of $921.36 million for the quarter, compared to analysts' expectations of $901.13 million. Cimpress had a negative return on equity of 10.76% and a net margin of 1.31%. On average, equities analysts predict that Cimpress plc will post 3.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMPR has been the subject of several analyst reports. Barrington Research raised their price target on Cimpress from $100.00 to $113.00 and gave the company an "outperform" rating in a report on Monday, February 5th. Truist Financial increased their price objective on Cimpress from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, February 2nd.

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.