12,700 Shares in Cimpress plc (NASDAQ:CMPR) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Cimpress plc (NASDAQ:CMPR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,700 shares of the business services provider's stock, valued at approximately $911,000. Susquehanna Fundamental Investments LLC owned about 0.05% of Cimpress at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. grew its holdings in Cimpress by 31.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider's stock valued at $42,472,000 after purchasing an additional 141,942 shares during the period. Norges Bank acquired a new stake in Cimpress during the 4th quarter valued at $3,544,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 buying an additional 38,402 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Cimpress by 169.9% during the fourth quarter. JPMorgan Chase & Co. now owns 59,209 shares of the business services provider's stock worth $4,246,000 after acquiring an additional 37,272 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Cimpress by 70.3% in the third quarter. Barclays PLC now owns 63,825 shares of the business services provider's stock valued at $5,229,000 after purchasing an additional 26,342 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMPR has been the topic of a number of research analyst reports. Barrington Research reiterated an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th. Truist Financial reduced their price target on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday. Finally, StockNews.com cut Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Monday.

Cimpress Stock Performance

Shares of Cimpress stock traded up $0.96 during trading hours on Wednesday, reaching $41.03. The company's stock had a trading volume of 137,372 shares, compared to its average volume of 172,529. Cimpress plc has a one year low of $35.21 and a one year high of $104.92. The company's 50 day simple moving average is $43.27 and its 200 day simple moving average is $61.67. The stock has a market cap of $1.03 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its earnings results 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 company had revenue of $789.47 million during the quarter, compared to analyst estimates of $798.02 million. Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. On average, sell-side analysts predict that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sean Edward Quinn purchased 5,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $41.50 per share, for a total transaction 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. This represents a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 17.80% of the company's stock.

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.