State Street Corp Sells 13,435 Shares of Cimpress plc (NASDAQ:CMPR)

State Street Corp lessened its holdings in shares of Cimpress plc (NASDAQ:CMPR) by 3.3% in the third quarter, Holdings Channel.com reports. The fund owned 395,195 shares of the business services provider’s stock after selling 13,435 shares during the period. State Street Corp’s holdings in Cimpress were worth $32,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake in shares of Cimpress by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock valued at $233,253,000 after purchasing an additional 140,899 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cimpress by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock valued at $44,909,000 after purchasing an additional 4,441 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Cimpress by 6.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after purchasing an additional 26,727 shares in the last quarter. Acadian Asset Management LLC grew its stake in Cimpress by 11.0% in the second quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider’s stock worth $34,776,000 after purchasing an additional 39,438 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Cimpress by 0.5% in the third quarter. Hantz Financial Services Inc. now owns 145,703 shares of the business services provider’s stock worth $11,936,000 after purchasing an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Stock Performance

Shares of CMPR stock opened at $74.21 on Friday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08. Cimpress plc has a one year low of $58.05 and a one year high of $104.92. The company’s 50-day moving average is $78.85 and its 200 day moving average is $84.37.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The firm had revenue of $804.97 million for the quarter, compared to analysts’ expectations of $800.51 million. Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. During the same quarter in the previous year, the company earned $0.17 EPS. As a group, research analysts predict that Cimpress plc will post 4.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on CMPR shares. StockNews.com downgraded shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Barrington Research reissued an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a research report on Friday. Finally, Truist Financial reduced their price objective on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Cimpress Company 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.