Norges Bank Buys Shares of 49,411 Cimpress plc (NASDAQ:CMPR)

Norges Bank purchased a new stake 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 (SEC). The fund purchased 49,411 shares of the business services provider's stock, valued at approximately $3,544,000. Norges Bank owned approximately 0.20% of Cimpress at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Cimpress by 54.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider's stock valued at $2,164,000 after acquiring an additional 9,324 shares in the last quarter. Hantz Financial Services Inc. grew its position 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 valued at $11,403,000 after purchasing an additional 13,297 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Cimpress by 8.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider's stock valued at $7,178,000 after buying an additional 7,535 shares during the period. SG Americas Securities LLC lifted its position in Cimpress by 118.8% in the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider's stock worth $563,000 after buying an additional 4,261 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its stake in shares of Cimpress by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider's stock valued at $7,918,000 after buying an additional 7,100 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Cimpress Price Performance

NASDAQ:CMPR traded down $0.10 during trading hours on Wednesday, reaching $42.82. The company's stock had a trading volume of 11,007 shares, compared to its average volume of 168,721. Cimpress plc has a one year low of $39.11 and a one year high of $104.92. The business's 50-day moving average is $46.36 and its 200-day moving average is $65.71. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.50 and a beta of 1.94.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. On average, sell-side analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Insider Buying and Selling at Cimpress

In other news, CFO Sean Edward Quinn bought 5,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the purchase, the chief financial officer now owns 20,224 shares of the company's stock, valued at $839,296. This represents a 32.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CMPR. StockNews.com upgraded Cimpress from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th. Barrington Research reissued an "outperform" rating and issued a $119.00 price target on shares of Cimpress in a research note on Wednesday, January 29th. Finally, Truist Financial cut their price objective on shares of Cimpress from $110.00 to $87.00 and set a "buy" rating on the stock in a research report on Friday, January 31st.

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.