Franklin Resources Inc. Has $2.52 Million Stock Position in Cimpress plc (NASDAQ:CMPR)

Franklin Resources Inc. raised its position in shares of Cimpress plc (NASDAQ:CMPR) by 1.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 30,833 shares of the business services provider’s stock after purchasing an additional 400 shares during the quarter. Franklin Resources Inc.’s holdings in Cimpress were worth $2,524,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CMPR. Hantz Financial Services Inc. acquired a new stake in shares of Cimpress during the second quarter worth $12,696,000. Janus Henderson Group PLC grew its holdings in 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 worth $233,253,000 after acquiring an additional 140,899 shares during the period. Marshall Wace LLP raised its position in shares of Cimpress by 649.8% in the 2nd quarter. Marshall Wace LLP now owns 107,350 shares of the business services provider’s stock worth $9,405,000 after acquiring an additional 93,033 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Cimpress in the 3rd quarter worth about $7,582,000. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Cimpress by 15.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock valued at $37,105,000 after purchasing an additional 57,427 shares during the period. Institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

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. Truist Financial reduced their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Barrington Research reiterated an “outperform” rating and set a $119.00 target price on shares of Cimpress in a research report on Friday, December 20th.

Cimpress Price Performance

Shares of Cimpress stock opened at $73.88 on Thursday. The business has a 50-day simple moving average of $78.41 and a 200 day simple moving average of $84.08. Cimpress plc has a one year low of $58.05 and a one year high of $104.92. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.68 and a beta of 2.08.

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

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.