Intech Investment Management LLC Invests $477,000 in Cimpress plc (NASDAQ:CMPR)

Intech Investment Management LLC bought a new stake in Cimpress plc (NASDAQ:CMPR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,823 shares of the business services provider’s stock, valued at approximately $477,000.

Several other large investors have also recently bought and sold shares of CMPR. Sequoia Financial Advisors LLC acquired a new position in Cimpress in the third quarter valued at about $7,582,000. Diamond Hill Capital Management Inc. raised its position in shares of Cimpress by 6.3% in 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 buying an additional 26,727 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Cimpress during the second quarter worth $2,208,000. Millennium Management LLC grew its position in Cimpress by 34.6% during the 2nd quarter. Millennium Management LLC now owns 42,950 shares of the business services provider’s stock worth $3,763,000 after acquiring an additional 11,041 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Cimpress by 18.9% during the second quarter. Panagora Asset Management Inc. now owns 87,083 shares of the business services provider’s stock valued at $7,629,000 after acquiring an additional 13,833 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMPR shares. StockNews.com cut Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Barrington Research increased their price target on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Finally, Truist Financial cut their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Cimpress Stock Down 0.2 %

Shares of CMPR stock opened at $80.30 on Monday. Cimpress plc has a 12-month low of $58.05 and a 12-month high of $104.92. The business has a 50-day moving average price of $79.38 and a two-hundred day moving average price of $84.77. The firm has a market cap of $2.02 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.70 and a beta of 2.05.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). The firm had revenue of $804.97 million during 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 firm posted $0.17 EPS. As a group, research analysts expect that Cimpress plc will post 4.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert S. Keane sold 396 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $97.55, for a total transaction of $38,629.80. Following the sale, the chief executive officer now directly owns 986,785 shares of the company’s stock, valued at approximately $96,260,876.75. This represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 17.80% of the company’s stock.

Cimpress 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.