Cimpress plc (NASDAQ:CMPR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of Cimpress plc (NASDAQ:CMPR) by 18.7% in the 4th quarter, HoldingsChannel reports. The firm owned 84,038 shares of the business services provider’s stock after selling 19,354 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Cimpress were worth $6,727,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC raised its position in shares of Cimpress by 673.6% during the 4th quarter. SG Americas Securities LLC now owns 31,796 shares of the business services provider’s stock worth $2,545,000 after purchasing an additional 27,686 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Cimpress during the 4th quarter worth approximately $185,000. Vanguard Group Inc. raised its position in shares of Cimpress by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,630,573 shares of the business services provider’s stock worth $114,156,000 after purchasing an additional 6,048 shares during the last quarter. American Century Companies Inc. raised its position in shares of Cimpress by 7.7% during the 3rd quarter. American Century Companies Inc. now owns 4,382 shares of the business services provider’s stock worth $307,000 after purchasing an additional 314 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Cimpress by 13.3% during the 3rd quarter. Deutsche Bank AG now owns 9,472 shares of the business services provider’s stock worth $663,000 after purchasing an additional 1,114 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Stock Performance

CMPR stock opened at $88.33 on Friday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 58.50, a PEG ratio of 1.18 and a beta of 1.97. Cimpress plc has a one year low of $42.78 and a one year high of $100.01. The company has a 50 day moving average price of $91.42 and a two-hundred day moving average price of $78.87.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 31st. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $1.24 by $0.90. Cimpress had a net margin of 1.31% and a negative return on equity of 10.76%. The firm had revenue of $921.36 million during the quarter, compared to analysts’ expectations of $901.13 million. Research analysts forecast that Cimpress plc will post 3.16 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Maarten Wensveen sold 1,651 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total transaction of $148,590.00. Following the completion of the sale, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at approximately $970,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Maarten Wensveen sold 1,651 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $90.00, for a total transaction of $148,590.00. Following the completion of the sale, the executive vice president now directly owns 10,779 shares of the company’s stock, valued at approximately $970,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Florian Baumgartner sold 5,683 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $92.81, for a total transaction of $527,439.23. Following the sale, the chief executive officer now directly owns 33,793 shares of the company’s stock, valued at $3,136,328.33. The disclosure for this sale can be found here. Insiders sold 28,841 shares of company stock valued at $2,656,348 in the last ninety days. Company insiders own 17.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CMPR shares. Barrington Research lifted their target price on shares of Cimpress from $100.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Truist Financial lifted their target price on shares of Cimpress from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd.

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.